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.
Forbes published F&B Leader Lou Biscotti’s most recent column, on the growing role of artificial intelligence and technology in the food and beverage industry.
The Philadelphia Business Journal quoted Tax Partner Jordan Kendall in an article about the advantages of waiting to file a PPP loan forgiveness application.
Webinar: An Open Discussion of How Companies Facing Distress from COVID-19 Should be Responding
Crain’s Cleveland Business quoted Managing Director Dawn Minotas and Tax Partner Michael Maksymiw in an article about streamlined PPP forgiveness for loans less than $50,000.
The Philadelphia Inquirer interviewed Tax Partner Jordan Kendall about the new SBA rules forgiving all PPP loans of $50,000 or less.
Commerce magazine featured Tax Partner Mary Antonetti in an article about safeguarding healthcare clients and the financial impact of COVID-19.
McKnight’s Senior Living quoted Managing Director Dawn Minotas in an article about SBA procedures for handling PPP loans in merger transactions, citing a Marcum advisory notice.
LICA’s Contractor magazine featured the first annual Marcum National Construction Survey in the fall issue.
The Illinois CPA Society’s Insight magazine quoted Chicago Office Managing Partner Jenny Deloy in an article about internal controls in a remote world.
Chairman & CEO Jeffrey Weiner spoke about a range of economic and market issues with NASDAQ’s Trade Talks.
The Hartford Business Journal reported on the annual survey of Connecticut businesses by the Connecticut Business & Industry Association and Marcum.
The Hartford Business Journal interviewed Partner Ethan Brysgel for an article about the rise in outsourcing of financial advisory services.
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.
Like many of you, Marcum’s entire team is working remotely for now, as we take every step possible to protect the health and safety of our workforce and their families in these unprecedented times.
SBA Task Force
Select the region to view contacts.