COVID-19 Resilience & Recovery Resource Center

Resilience and Recovery Resources

Leading your organization through unexpected economic challenges requires both preparation and flexibility. Building resilience gives your organization the strength to weather and respond to economic storms. During and after the storm, recovery means finding ways to manage costs, enhance efficiencies, achieve savings, access federally available funds and rebuild.

No one knows what the future holds in regards to the nation’s response to the coronavirus (COVID-19). But it’s clear that the economic contagion will be felt long after the virus has been contained.

To support organizations struggling to adapt to this new reality, we have gathered the following resources and information to assist you in not just responding, but thriving, in this new environment. We are here to weather the storm with you.

 

Accounting for more than numbers

Resilience and Recovery Insights

Additional reference articles and insights are provided to help you and your organization recover and restore during the current market. Please contact our Weaver Professionals if you would like to discuss your situation and current business challenges. We are here to help you navigate towards resiliency.

 

Home Office Supplies on Wooden Table

How Should CFOs Be Responding to Coronavirus?

March 31, 2020

As cities and states across the country have responded to COVID-19, businesses have had to adapt rapidly. No one knows how long it will take to return to normal, or what the new normal will look like.

Pen & Check

CARES Act: The Paycheck Protection Program

March 30, 2020

On March 27, 2020, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act (the Act). A critical piece of the roughly 900-page, $2.2 trillion legislation is dedicated to small businesses, which employ nearly 60 million people in the United States.

Office Supplies on Graph Paper in Binder on Wooden Table

Can Your Business Benefit from SBA Economic Injury Disaster Loans During COVID-19?

March 28, 2020

For small businesses researching funding sources and financial support to manage the impact of COVID-19, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, deemed COVID-19 a disaster for purposes of the SBA Economic Injury Disaster Loans (EIDL) program.

Weaver Virtual Events

Connect with Weaver professionals online to learn about tax regulations, compliance updates, industry news and thought leader insights. CPE credit is available for completion of webinar requirements.

Webinar: Resources to Support Businesses Through COVID-19

Webinar: Resources to Support Businesses through COVID-19

April 8, 2020 | 11:00am CDT

1 CPE credit available for the live webinar • Level: Basic • No prerequisites • No charge to attend

Webinar: CARES Act: Paycheck Protection Plan and Individual Tax Provisions

Webinar Part I: CARES Act: Paycheck Protection Plan and Individual Tax Provisions

April 9, 2020 | 1:00 PM CDT

In-depth two-part webinar series covering what you need to know about the CARES Act. Topics discussed on this webinar include the Paycheck Protection Program (PPP) and tax provisions affecting individuals.

Webinar: CARES Act: Business Tax Provisions

Webinar Part II: CARES Act: Business Tax Provisions

April 10, 2020 | 1:00 PM CDT

In-depth two-part webinar series covering what you need to know about the CARES Act. Topics discussed on this webinar include the tax provisions affecting businesses.

We are here to help.

When you’re facing challenges, sometimes it’s hard to know where to start. Here are some ideas for strengthening your organization, identifying cost savings and finding new sources of revenue.  Explore these services and contact us to find out how we can help you come through the storm and emerge stronger than ever.

Our COVID-19 Resilience & Recovery services include:

Resilience

 

  • Process and workforce optimization --- If you’re facing difficult choices, how can you reduce your workforce without cutting off your future? Our risk advisory professionals can help you reduce expenses without creating security and legal exposures.

 

  • Technological resources and cybersecurity --- Do you have the staffing and infrastructure to manage growth, sudden changes like remote workforces, and rapidly evolving cyber threats?

 

  • Environmental, Social & Governance (ESG) Services --- Governance, social issues and environmental policies affect more than compliance. They can affect your ability to operate in other countries, your workforce risks, and both financial and reputational costs.

 

  • Preparing for supply chain disruption --- Along with managing debt and monitoring cash flow, manufacturers need to prepare for breakdowns in both domestic and international supply chains. Weaver can help you identify critical risks and prepare back-up plans so you can keep production moving.

 

  • Planning for business continuity --- Going far beyond disaster preparedness, business continuity planning looks at issues of infrastructure, workforce, technology, supply chains, information systems and more so that organizations can keep serving customers through natural disasters or economic crises.
Recovery
  • Tax recovery --- If you pay sales and use taxes or excise taxes, you may have overpayments that could be recovered – often with no upfront cost to your company. Energy companies could also be due severance rebates that Weaver could help you recover.

 

  • Royalty or franchise fee audits --- Franchisees or vendors who license logos or intellectual property may not be paying everything you are due. A royalty audit can help you identify and recover underpayments.

 

  • Tapping disaster relief funds --- A national or state declaration of a disaster or emergency provides opportunities for organizations – even private businesses – to apply for disaster relief funds. Such funds can provide funding to rebuild or to keep your company solvent through a long shutdown.

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  • Tax relief --- Legislation sometimes moves quickly to address a sudden crisis, and there may be new opportunities for tax savings or credits you could take advantage of. Our tax professionals can help identify new savings to help offset unexpected losses.

Submit CARES Act Questions

We know this is a challenging time, and you may have questions you would like us to address in our thought leadership blog. Please submit your questions and we will address in upcoming blogs. We appreciate your contribution.

Please contact us with questions regarding your situation or other service inquiries.

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Alyssa Martin

Alyssa Martin

National Strategy Leader, Large Market and Public Entities

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Alyssa Martin, CPA, leads strategic, multi-disciplinary solutions for Weaver’s public company and large clients nationwide.…

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