As your trusted advisors, Marcum is committed to sharing the best information available concerning coronavirus (COVID-19) to our clients and friends during this time. Below please find up-to-the-minute thought leadership from our Marcum partners for you and your business.
Paycheck Protection Program
Many small business owners have applied for Paycheck Protection Program loans, created under the CARES Act as an incentive for employers to maintain payroll during the COVID-19 pandemic.
If you meet certain requirements under the program, up to 100% of the loan proceeds may be forgiven, and in addition, there will be no income tax implications! Notably, the SBA will fully forgive all loans under the Paycheck Protection Program, provided that all borrower requirements and documentation are met.
SBA Loan Assistance and Business Interruption Claims
In light of the tremendous challenges businesses are facing during the COVID-19 pandemic, Marcum launched a national SBA advisory team to help our clients navigate available financial relief programs. As your trusted advisors we are here to help you quickly determine the best funding option for your business specific needs.
Mid-Market CEOs Optimistic but Concerned About Inflation, Finds Marcum-Hofstra Survey
Forbes published Food & Beverage Leader Lou Biscotti’s June column on the explosion of frozen food sales.
Forbes columnist Julie Jason interviewed Tax Partner Diane Giordano for an article on whether to amend 2020 returns after new PPP guidance or use the safe harbor in 2021.
Construction Dive interviewed Partner James Miller for an article about government delays in processing applications for forgiveness of PPP loans.
The Mann Report published an article by Tax Partner James Philbin, about COVID-19 Relief for commercial real estate businesses.
Marcum’s latest post for the NYS Brewers Association blog, is about the value of the R&D tax credit to the craft brewing industry.
Food & Beverage Leader Lou Biscotti’s May column for Forbes discusses how retailers and manufacturers are partnering to leverage customer databases and uncover new sales opportunities.
New Haven BIZ reported the findings of the latest Marcum-Hofstra CEO Survey, which predicts remote work as a permanent fixture in American business.
Staffing Industry Analysts highlighted the results of the April Marcum-Hofstra CEO Survey.
The Houston Business Journal quoted the latest Marcum-Hofstra CEO Survey in an article about the shift to a remote workforce.
Middle-Market CEOs See Remote Workforce as Permanent Change, Finds Marcum-Hofstra Survey
Marcum-Hofstra CEO Survey: Special Coronavirus Issue
Even before statewide lockdowns swept the nation and shuttered most of the U.S. economy, more than half of middle-market CEOs said the spread of coronavirus had disrupted their companies’ production and supply chains, according to the latest Marcum-Hofstra CEO Survey.
The Marcum LLP-Hofstra University CEO Survey found that approximately 56 percent of mid-market CEOs reported production disruptions related to COVID-19. At the same time, the global pandemic has forced many businesses to shut down operations entirely in several international markets, the survey found.
SBA Task Force
Select the region to view contacts.