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.

 

Making Privacy a Priority: New Framework Helps Companies Develop and Implement Privacy Strategies

Making Privacy a Priority: New Framework Helps Companies Develop and Implement Privacy Strategies

May 12, 2020

It’s no secret that privacy is on the minds of consumers now more than ever. As more businesses gather and mine information about their customers, new requirements address the collection, management, storage, and protection of personal data.

Business Charitable Contribution Rules Have Changed Under the CARES Act

Business Charitable Contribution Rules Have Changed Under the CARES Act

May 12, 2020

n light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in donating to charity. In order to incentivize charitable giving, the Coronavirus Aid, Relief and Economic Security (CARES) Act made some liberalizations to the rules governing charitable deductions.

International COVID-19 Travel Prompts New IRS Rules

International COVID-19 Travel Prompts New IRS Rules

May 6, 2020

Under a new IRS rule (Rev. Proc. 2020-27), taxpayers who were living abroad and planned to claim the Foreign Earned Income Exclusion (FEIE) but had to return to the United States as a direct result of the COVID-19 pandemic will still be eligible to claim the exclusion.

The CARES Act Liberalizes Net Operating Losses

The CARES Act Liberalizes Net Operating Losses

May 5, 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates some of the tax-revenue-generating provisions included in a previous tax law. Here’s a look at how the rules for claiming certain tax losses have been modified to provide businesses with relief from the novel coronavirus (COVID-19) crisis.

 

Read More Resilience and Recovery Insights

Top 50 Frequently Asked Questions for Paycheck Protection Program

Weaver Virtual Events

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

Webinar – PPP Loan Forgiveness: What Borrowers Should Know About the Forgiveness Application

Webinar – PPP Loan Forgiveness: What Borrowers Should Know About the Forgiveness Application

Friday, May 22, 2020 | 10:00 AM - 11:00 AM CDT

The time for forgiveness is here. Now that the Small Business Administration’s (SBA) Paycheck Protection Program Forgiveness Application is live, we are hosting this webinar to help you understand the new updates and nuances of the forgiveness application process.

Webinar: ESOP 101 Exploring the Benefits of Employee Ownership

Webinar: ESOP 101 Exploring the Benefits of Employee Ownership

Tuesday, June 2, 2020 | 1:00 - 2:00 PM CDT

Join Weaver and Clark Hill for a webinar highlighting the cultural aspects of employee ownership and how their flexibility makes them a great tool during times of uncertainty.

View more virtual events

Webinar - Tips for Maximizing Loan Forgiveness

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.
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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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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.