Resilience & Recovery Resource Center

Resilience and Recovery Resources

In a remarkably short period, the coronavirus pandemic has brought about unprecedented change and tested the strength of almost every organization. And it’s clear that the economic impacts will be felt long after the virus has been contained. Leading your organization through unexpected challenges requires both preparation and flexibility.

Resilience gives your organization the strength to respond in times of economic uncertainty.

Recovery provides opportunities to reduce costs, achieve financial and operational efficiencies, more effectively manage risks, and improve your organization overall as our economy adjusts.

The resources and information on these pages can assist you in taking action and thriving as your organization adapts and responds now and in the future.

 

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.

 

Investments in technology come with risks as well as rewards. As your organization undertakes its transformation to a digital future, make sure to consider your remote workforce, cybersecurity, ecommerce and data security.

 

Understanding Vendor Dependencies in a COVID-19 World

As organizations responded quickly to the disruption of COVID-19 on their day to day operations, nearly all businesses had to adapt their risk management approach and, consequently, their internal control environments without time to fully analyze their decisions. Read More

 

A Roadmap to PCI DSS Compliance

Perhaps your sales team has told you that the product or service you are selling now has to be PCI (Payment Card Industry) compliant. Or your credit card processor has informed your organization that you need be PCI compliant. Read More

 

Staying out of the Headlines: Takeaways from the 2020 DBIR Report

The 2020 report analyzed 157,525 reported incidents and 3,950 confirmed data breaches across many different industries. While no business wants to be the subject of a story like this, we can all learn and take immediate action based on the experiences described in the report. Read More

 

Read More Thought Leadership

Leading organizations through unexpected challenges takes preparation and flexibility. Planning and preparing for disruptions can help businesses maintain continuity.

 

Layoffs, Furloughs and Remote Workers Cause Internal Control Ownership to Change Hands. Now What?

As organizations adapt their operations in response to recent economic changes, they are likely making modifications or in some cases having to make difficult decisions related to their structure. Human resources and other personnel departments must work with leadership and IT to redefine reporting structures, realign responsibilities, adapt to new working practices, and focus on the health and well-being of their workforce. Read More

 

Preparing for Risk in a Changing Landscape: Business Continuity / Crisis Response

Based on the perspectives of top risk management professionals, OnRisk 2020: A Guide to Understanding, Aligning, and Optimizing Risk offers a detailed look at how risk management can help organizations identify key risks and plan effective responses. Read More

 

Webinar: Emerging Risks During the COVID-19 Era

As organizations return to the workplace and navigate the impact of COVID-19, leaders need to continue monitoring emerging risks for their facilities, supply chain, insurance, financials, workforce, operations, and organizational culture. Read More

 

Read More Thought Leadership

For organizations that participated in federal programs to provide support during the pandemic or individuals seeking tax relief, find information about the tax implications and requirements.

 

The Possible Tax Consequences of PPP Loans

If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax implications. Read More

 

Sales Tax Filing and Payment Responses by State

Updates by state in alphabetical order regarding sales tax filing and payment responses to COVID-19. Read More

 

Problems and Pitfalls with PPP Forgiveness

Now that the U.S. Treasury and Small Business Administration (SBA) have released the Paycheck Protection Program (PPP) Forgiveness Application, we finally have some clarity on the rules around loan forgiveness. Read More

 

Read More Thought Leadership

Nimble organizations can adopt smart financial strategies to succeed in our rapidly changing economic climate. Financial leaders managing cash flow, considering lending options, acquiring new entities or entering bankruptcy need market insights and best practices to navigate next steps.

 

How Should CFOs Be Responding to Coronavirus?

As cities and states across the country have responded to COVID-19, businesses have had to adapt rapidly. Regardless of the uncertainties ahead, there are measures financial executives can take to manage the consequences and help their businesses remain healthy. Read More

 

The Rise of Non-Traditional IPOs: SPACs and Direct Listings

The disruption and uncertainty in the market caused by recent events has forced many companies to re-evaluate and re-assess their Initial Public Offering (IPO) approach. Read More

 

CARES Act Temporarily Expands Bankruptcy Rules

In such an uncertain economic environment, it is natural for individuals and businesses that are suffering from financial hardship to contemplate the protections offered by the bankruptcy process. The CARES Act includes provisions to increase the access of individuals and small businesses to the relief granted by the bankruptcy process. Read More

 

Read More Thought Leadership


 
Click here to register for Accounting for Uncertainty Webinar Series | Every Tuesday in October 2020

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.

View virtual events

Top 50 Frequently Asked Questions for Paycheck Protection Program

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.

 

 

  • 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.

 

  • 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 the firm’s national strategy for public company and government practices, focusing on…

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Shawn Parker

Shawn Parker

National Practice Leader, Audit Services

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Shawn Parker, CPA, has more than 32 years of experience in public accounting, 23 of which have been with Weaver. Serving as…

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