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.
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
The Hartford Business Journal interviewed Marcum Technology VP of cybersecurity and digital forensics Frederick Johnson, for an article about the increased risk of cyber-attacks as a byproduct of the pandemic.
The Journal of Accountancy quoted Tax Partner Michael Maksymiw in an article about managing teams with empathy during the pandemic.
RetailDive interviewed Retail Co-Leader Ronald Friedman and Tax Partner Kurt Koegl for an article about proposed new legislation allowing real estate REITs to invest in their retail tenants.
Commerce magazine interviewed Healthcare Leader Matthew Bavolack about advice for healthcare clients in navigating the impact of COVID-19.
Construction Executive published article by Partner Robert Mercado and Director James Wiedemann, about pandemic relief programs for contractors.
Bisnow referenced the Marcum JOLTS Analysis of construction labor trends in an article about increasing demand for construction workers.
Long Island Business News interviewed Tax Partner Robert Spielman for an article about the pros and cons of the extended federal tax filing deadline.
Long Island Business News featured Food & Beverage Leader Louis Biscotti in an article about post-pandemic opportunities for restaurants.
Maine Legislature Votes to Conform with Federal Law for PPP Loans and Unemployment Benefits
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.