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.
Webinar: Financial Distress in the Age of COVID-19: Workouts, Restructurings and Bankruptcies
Forbes published Food & Beverage Leader Louis Biscotti’s latest column, on the need for restaurants to adapt in order to survive post-pandemic.
CEOs Discuss Economic Stimulus and Racial Equality, in Marcum-Hofstra Survey
The Legal Intelligencer published an article by Senior Manager Taylor Rosanova, about the opportunities for estate planning during COVID-19.
Long Island Business News interviewed Food & Beverage Leader Louis Biscotti, for an article about how restaurants will handle business in the approaching winter months.
The Hartford Business Journal featured Tax Partner Michael Maksymiw in its Ask the Expert column, focused on PPP loan forgiveness.
Chairman & CEO Jeffrey Weiner appeared on Yahoo! Finance’s YFi PM to discuss the prospects for payroll tax deferral and the likely impacts of a Biden presidency on tax policy and the stock market.
The Mann Report published an article by Tax Partner Stephen Gilman, about qualified improvement property under the CARES Act.
Construction Dive interviewed National Construction Leader Joseph Natarelli for an article about PPP loan forgiveness.
The Los Angeles Times quoted Retail & Consumer Products Co-leader Ronald Freidman, in a story about vast retail vacancies.
Coronavirus (COVID-19) – Disclosure Considerations Regarding Operations, Liquidity, and Capital Resources
Chairman & CEO Jeffrey Weiner appeared on Fox 5 to discuss retail’s shift to online selling as a COVID strategy, and the industry’s prospects through the end of the year.
Plumbing Perspective featured a chat with National Construction Leader Joseph Natarelli, following the first annual Marcum National Construction Survey.
Webinar Recap: Cyber Liability & Protecting Business from Cybersecurity Threats in the Wake of the Global Health Crisis
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.
While our offices are physically closed, Marcum remains open for business. During this period, we are available to you as always.
SBA Task Force
Select the region to view contacts.