Explore CBIZ’s latest insights on the critical COVID-19 issues. Learn how you can help your company in the following areas by navigating to the below buttons: Tax and Legislation, Employees and HR, Financial Management and Risk and Operations.
August 9, 2020
Executive Order for Payroll Tax Holiday Puts Employers in No-Win Scenario
Employers face a difficult scenario following a payroll tax executive order issued on August 8.
August 4, 2020
IRS Proposes Unfriendly Rules for TCJA Small Business Taxpayers
Recent proposed regulations are largely unfavorable to small business taxpayers, and may disrupt tax strategies involving inventory.
August 3, 2020
What Additional COVID-19 Legislation Could Look Like for Not-for-Profits
Proposed stimulus legislation would offer the following benefits to not-for-profit organizations.
July 31, 2020
Liquidity Concerns Troubling Your Not-for-Profit? Consider the Main Street Lending Program
Details were recently finalized about how nonprofits can access the Main Street Lending Program. Get details on how the Main Street Lending Program can help your Not-for-Profit's liquidity concerns.
July 28, 2020
Senate Republicans Offer Phase 4 Emergency Legislation in the HEALS Act
On July 27, Senate Republicans released their $1 trillion proposal for the next phase of coronavirus relief legislation. Get details for each of the separate bills under the HEALS Act.
August 6, 2020
Long- & Short-Term Disability Plans: Demand & Offerings on the Increase
While the costs to offer short-term and long-term disability plans continue to rise, it’s increasingly apparent that employees will need to use those benefits at some point in their lives. In fact, one in four Americans with a career will miss up to three months of work due to illness, injury or pregnancy, according to the Council on Disability Awareness. So it’s smart for companies to safeguard their greatest asset – their employees – by offering this type of income protection.
Court Rules on Emergency Leave Provisions | August 5, 2020
The State of New York filed a lawsuit against the Department of Labor (DOL) shortly after the Department issued its regulations to implement the Emergency Paid Sick Leave (EPSL) and Emergency Family and Medical Leave (EFML) provisions. As a reminder, these temporary emergency leave laws were enacted as part of Families First Coronavirus Response Act (FFCRA). Briefly, the EPSL provides up to 80 hours of leave; the EFML provides up to 12 weeks of leave.
July 29, 2020
By Zack Pace
6 Questions to Ask When Approaching 2021 Benefits Renewal
With the return of the Affordable Care Act’s Premium Tax, here are six benefits renewal questions your company must ask for a smooth benefits renewal transition.
July 16, 2020
The Foundational Elements of a Successful Wellbeing Program
Traditional wellbeing programs are not direct cost-containment strategies; however, they can provide great value to your organization. Wellbeing initiatives implemented in a thriving workplace culture can influence desired health and business outcomes.
July 15, 2020
The Whole-Person Approach to Wellbeing Programs | CBIZ, Inc.
For an organization’s wellbeing program to be effective, it must understand that wellbeing goes beyond physical health; wellbeing encompasses the whole person. These are the five key drivers that employers must address to ensure a whole-person program.
August 5, 2020
July 2020 Market Recap
For most of July, the United States and our rising number of COVID-19 cases seemed to be an anomaly among developed nations.
Customer Retention, Revenue Recognition & COVID-19
COVID-19 related price changes may affect revenue recognition accounting.
July 23, 2020
2020 Second Quarter Market Recap
Last quarter, we considered optimistic and pessimistic scenarios on the trajectory of the pandemic and the economic recovery.
Top 3 COVID-19 Impacts on the M&A Market
Here are some top takeaways from a recent M&A panel discussion.
July 14, 2020
June 2020 Market Recap
During the month of June the markets held tight to the hope of the global economy returning to normal operations, even as the number of COVID-19 cases continued to rise throughout the month.
3 Accounting Considerations if Your Organization is Restructuring
Here are three accounting considerations if your organization is undergoing restructuring.
As COVID-19 Vaccine Research Advances, So Do Cyber Threats from China
Health care entities that are conducting research related to COVID-19 treatment should note that U.S. intelligence officials have detected possible interference from foreign actors.
July 29, 2020
5 Tips to Navigate Your Insurance Renewal in Light of COVID-19
In this market, you can’t afford to take a business as usual approach to your insurance renewal. In addition to rising rates and COVID-19 health concerns, businesses are having to implement new ways of working, which introduces new risks.
July 27, 2020
How COVID-19 is Affecting the Hardening Insurance Market
Here’s what your company can do to combat the rising premium costs in the insurance market amid COVID-19.
PPP Loan Forgiveness Documentation Checklist
Here are the core pieces of information that you need to support your PPP loan forgiveness application.
As we help our more than 90,000 clients across the nation solve the ways COVID-19 is impacting their organizations, we would be honored to be on your team in this uncertain time, too.
In light of the COVID-19 pandemic disruptions, the SEC recently released some relief and guidance for public companies and SEC registrants.
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The Coronavirus Aid, Relief, and Economic Security Act,” (CARES Act) contains tax and nontax relief measures designed to help the relieve some of the economic impact of the COVID-19 virus for businesses and individuals.
Multinational companies should be mindful that international tax reporting may need to be adjusted to account for the disruption with the COVID-19 pandemic, particularly policies related to transfer pricing among related entities in different countries.
Symptoms from the new coronavirus outbreak continue to spread, and the repercussions from the virus are affecting more than just employee health and well-being. The U.S. stock market plunged in late February as it became clear that the risks related to the COVID-19 virus would not be contained to international visitors to Wuhan, China.
Congressional tax writers and the Trump administration are considering various tax relief measures in response to the current global health emergency. "While we continue to assess the economic impacts, [Senate Finance Committee] Chairman [Chuck] Grassley, [R-Iowa], is exploring the possibility of targeted tax relief measures that could provide a timely and effective response to the coronavirus," Grassley’s communications director Michael Zona said in a statement emailed to Wolters Kluwer on March 9.
On March 17, the Trump administration announced an extension to the April 15 tax payment deadline for all individual and corporate taxpayers. On March 18, the IRS issued Notice 2020-17, clarifying some of the uncertainties that remained after Treasury Secretary Steven Mnuchin’s initial announcement. The extension applies to the first $1 million of taxes owed by individuals (regardless of whether filing single, married filing joint or otherwise) and the first $10 million of taxes owed by corporations or consolidated groups.
Ramifications from the COVID-19 virus will likely continue from some time. The March 11 announcement that the novel coronavirus is officially a global pandemic triggered market reactions, additional health and safety precautions, and for the accounting world, the need for some additional financial reporting considerations. Below are some of the ways the COVID-19 virus affects financial statements.
Our webinar is designed to provide insights on how the coronavirus may impact not-for-profit organizations, from endowments to debt covenants, revenue streams, tax considerations, technology and other fiscal and operational matters. We will also discuss pending accounting and auditing standards and how organizations can address them, as well as crucial tax developments.
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President Trump signed into law on March 18 the Families First Coronavirus Response Act (the Act), which will provide paid sick and family leave assistance due to illness, as well as food assistance and medical testing assistance. The Senate passed the bill earlier the same afternoon, where Senate Majority Leader Mitch McConnell (R-KY) said any shortcomings the Senate saw in the bill would be addressed in the next phase of coronavirus legislation.
Treasury Secretary Steven Mnuchin announced via Twitter this morning that the April 15 tax filing deadline is extended to July 15. This supplements the tax payment extension to July 15 that was announced March 17 and published by the IRS on March 18. Secretary Mnuchin tweeted, “At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.”
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Our professionals at CBIZ Gibraltar Real Estate Services have had numerous conversations with tenants and landlords about the COVID-19 pandemic, its impact on businesses and how landlords and their lenders will deal with tenants' inability to pay rent.
The Families First Coronavirus Response Act (H.R. 6201) enacted on March 18, 2020 addresses many issues. Specific to employee benefits, it provides for mandated health coverage for coronavirus testing and related services, emergency paid sick leave, and emergency family and medical leave.
As business closures increase due to the COVID-19 pandemic, employers are faced with questions about compensation and health benefit coverage for their employees. Government relief measures may provide compensation for businesses and individuals in certain situations.
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As part of sweeping legislation—the Families First Coronavirus Response Act (FFCRA)—signed into law by President Trump on March 18, 2020, two laws were enacted that provide workers with paid leave for reasons related to the coronavirus (COVID-19) pandemic.
Employers are obligated to maintain a safe and healthy work environment for their employees and are subject to a number of legal requirements protecting workers. As the number of reported cases of the novel coronavirus (COVID-19) continues to rise, these employer obligations are becoming more challenging to meet, and they must be met in an expedited timeframe.
COVID-19 / Coronavirus has rapidly shifted many companies to adopt a work from home policy,and it is your duty to promote a seamless transition. Here are tips for your employeess as they shift from working in an office to their homes.
Our emotional wellbeing is often impacted by what’s happening in other areas of our lives. If stressful events are taking place in our community or if we are not feeling our best physically or if we have financial challenges, our emotional health can be negatively impacted.
Aside from the technology considerations associated with telecommuting arrangements, offering employees the opportunity to work remotely comes with a chance for team leaders to create a positive virtual culture centered on employee wellbeing.
Our physical health has a significant impact on our overall wellbeing. When we feel good physically, our outlook on life tends to be more positive, our food choices are healthier, our sleep habits improve, and our immune system is stronger.
When schools are closed for an extended period of time, parents may be challenged to adjust to working from home with their kids.
We know you’re concerned about the impacts of COVID-19 on your employees and benefits, but there are steps you can take to mitigate those impacts . . . and CBIZ is here to guide you every step of the way. To that end, we are providing you with this summary of the most critical issues that your business must be aware of.
The recent market swings have grabbed headlines around the world, recording some of the largest daily moves in recent history. Such wild gyrations in the markets can be alarming to investors and may cause anxiety about the future of the investing environment. At CBIZ IAS, we understand the discomfort around market volatility and would like to put some context around recent events to help you navigate through turbulent times.
During this time, it may be somewhat comforting to remember that you are not alone. Everyone is wondering what the immediate future holds for the COVID-19 virus. Everyone else has the same fears and anxiety that you may be feeling right now.
An unfortunate result of COVID-19 is that cybercriminals are attempting to capitalize on the public’s desire to learn more about the outbreak. There have been reports of phishing scams that attempt to steal personal information to infect devices with malware as well as ads that peddle false information or scam products.
As concerns about the COVID-19 (coronavirus) continue to rise, many employers are left wondering what they can do to protect their workforce. Here’s some insight into what coronavirus is, how it spreads and what steps to take if your team members have symptoms.
Get tips to keep your office workspace clean and free of the viruses and bacteria that cause colds, the fly, strep throat, pneumonia and other illnesses.
Our mission is to provide our clients with exceptional advisory and business services. At this unprecedented time, industry-specific content provides the focused guidance that should be particularly useful.
Quick links to COVID-19 information and resources provided by commercial real estate organizations, industry information outlets, government agencies and other industry thought leadership.