Coronavirus Resource Center

Coronavirus or COVID-19 has infected businesses across all industries and sizes in a short period of time in a way that has most of us in shock and disbelief relative to the momentum many saw coming into 2020. As we navigate these unique and challenging times together, our goal is to continue to provide expertise where we can, lean on other experts for their knowledge and continue to share that expertise in our effort to serve the role we value most, a trusted advisor.

 

Breaking Down The CARES Act

On March 27, 2020, Congress passed the $2 trillion stimulus bill – the Coronavirus Aid, Relief, and Economic Security (CARES) Act – which will provide significant tax and non-tax stimulus to individuals and businesses. Here’s a collection of critical content breaking down what this bill means for businesses, individuals, and our national economy in the wake of the COVID-19 global pandemic.

PPP Loan Forgiveness Calculator

The AICPA has been standing up a PPP Loan Forgiveness Calculator since April. The tool has evolved as guidance has been issued and they have now developed a more comprehensive tool that can assist businesses with preparing their PPP Loan Applications later this year.

The tool will likely be updated as more guidance from Treasury is published and if Congress makes more changes to the law. While we cannot certify that the tool is perfect, and we might challenge a position or two they are taking on expense inclusions, we do believe it might be helpful for borrowers as they aggregate data and prepare their applications.

Use the Calculator

The Impact on Personal Financial Planning

As so many items are unknown, when it comes to your investments, the biggest risk is making important decisions when you don't have the needed information. The SC&H Financial Advisory team shares more in their Weathering Impossible to Predict – But Inevitable – Market Shock resource. 

Technology Considerations During a Crisis

As many organizations have had to revamp business continuity plans and move to remote work environments, SC&H Group's Technology Advisory team has been fielding questions on best practices to consider. The following resources provide insights specific to remote work, disaster recovery, and, most importantly, the need and capability to operate in secure environments.  

Strategic Planning During Economic Strain

While it may be too early to predict how long this pandemic will last, its effects on the global economy are already being felt and will continue to evolve. Due to this level of uncertainty, many organizations are finding the need to evaluate their strategic plans and, in some cases, succession plans. Stakeholders from all functions within the C-Suite and are coming together to divide and conquer.