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: Reemergence and Revitalization: Financing Strategies and Considerations for the F&B Industry as the Economy Re-Opens
Webinar Recap: Responsible Re-Opening: Innovative Practices in Restaurant Design and Operations in the New Normal
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act): Benefits for the Financial Services Industry
Change? Or Changed Circumstances? Does COVID-19 Constitute a Change in Circumstances for Alimony?
Tax Relief for Individuals: Consider Changing 2019 Overpayment from a Carryforward to a Refund
Marcum Foundation and BurgerFi Honor Covid-19 Veterans Hospital Heroes and National Guard with Meals for Memorial Day
CNBC interviewed Managing Director Dawn Minotas for an article about the rules for PPP loan forgiveness for self-employed individuals.
Forbes referred readers to Marcum’s SBA Task Force and PPP loan webinars for expertise in the federal government’s coronavirus economic relief programs.
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.