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June 24, 2020
By Corey Payne, Timothy Glenn
HCM Summer 2020: 3 Keys for a Smooth Transition to the New Normal
A pandemic has transformed “business as usual” to the “new normal.” As companies forge a path ahead, contact tracing and absence management have become critical transition tools. As well, employers will need to recruit and retain employees to successfully emerge from what has been, in some cases, a devastating blow to the workforce.
June 24, 2020
P&C Market Outlook: 2020 Insurance Planning Insights
After approximately 20 years of a soft, buyer-friendly insurance market, we are facing a hardening market – one that is less friendly to insurance buyers. While the full human and economic cost of COVID-19 has yet to be seen, it’s clear that it has had a profound influence on businesses across the country and is sure to influence the insurance industry as well.
Lending Considerations in the COVID-19 Environment
While the business interruption impact of the COVID-19 pandemic hit virtually all companies in the second quarter, the financial impact from the coronavirus will still be felt through the third quarter.
June 23, 2020
IRS Proposes Additional Guidance on Partnership Tax Capital Reporting Requirement
The IRS recently issued Notice 2020-43 (the Notice) to seek public comment on a proposed requirement for partnerships to use only certain specified methods to satisfy the tax capital reporting requirement with respect to partnership taxable years that end on or after Dec. 31, 2020.
Watch Out for These Debt Modification Tax Issues
The IRS has made it clear that debt cancellations generally result in taxable income. Here's why debt modifications may come with tax consequences.
FAQ - Coronavirus: Impact on Benefits and Employment
The Families First Coronavirus Response Act hits on many aspects of benefits and employment. From mandated health coverage to emergency paid sick leave and more. Get all those details here.
New Details Emerge on the Main Street Lending Program
The COVID-19 related Main Street Lending Program may be picking up with new guidance released by the Federal Reserve.
Q&A: Maintaining Wellbeing in a Time of Crisis
It won't come as a shock to anyone that wellbeing has been a hot topic over the past few months, so we sat down with LaTonia McGinnis, Engagement & Wellbeing Consultant at CBIZ, to discuss responding to the COVID-19 pandemic from a wellness perspective.
June 22, 2020
Trends Behind Double Digit Umbrella Insurance Premium Increases
For 2020, the excess and umbrella market for many insureds is challenging. According to the Commercial Property/Casualty Market Report Q1 2020 by the Council for Insurance Agents and Brokers (CIAB), average premiums increased 17.3%, compared to 3.3% in the first quarter of 2019.
3 Insurance Tips to Navigate 2020’s Rising D&O Market
The Directors & Officers (D&O) liability insurance market is in a period of transition. Insurance carriers have tightened their underwriting criteria for D&O risks. In 2019, businesses purchasing D&O insurance started seeing not only higher premiums and retentions but reduced capacity as well.