"Sometimes Challenges and Uncertainties Create Opportunities."
Message from Joseph Perry
Tax & Business Services Leader
Since Marcum issued our last annual tax guide, the world and each of us have changed in numerous and sometimes dramatic ways. The COVID-19 global pandemic created health, business, financial, and personal issues for all of us in 2020. While we have each dealt with this stressful situation in different ways, no matter how it has impacted you, we are hopeful that the end of the crisis is nearer than the beginning.
Sometimes challenges and uncertainties create opportunities. These opportunities include the chance to look inside yourself and your own institution and make changes for the better. Here at Marcum, we have found that our clients, our firm and our associates are resilient, creative, and caring in ways that make us all proud.
This tax guide is a road map to many of the changes brought about by new governmental policies directed at COVID-19, not the least of which is the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Due to the magnitude of the legislation, this cannot be an all-encompassing, definitive guide. Please utilize it as a summary of highlights, as it covers many top-level issues and opportunities in the country’s economic recovery efforts.