Client Profile

A private equity firm with domestic and overseas offices suddenly had to close its doors at the onset of the COVID-19 pandemic while in the midst of a complicated tax filing deadline. Communication and availability of key team members immediately became a major concern when the firm could no longer hold daily face-to-face conversations or maintain an in-person presence.

Solution

CBIZ has been providing co-sourced tax department support for several years, which included 10 full-time professionals working on-site at the PE firm. In addition to continuing the tax support, we created virtual weekly management meetings to analyze how emerging opportunities could benefit the PE firm. We also scheduled internal meetings to evaluate day-to-day workload of team members and created an internal schedule of deadlines in various office locations to ensure compliance obligations were not overlooked during the disruption.

We leveraged best practices from within our organization, such as the use of VPN and remote desktop capabilities to ensure remote work was completed securely, and encouraged video calls to maintain a normal cadence of work.