COVID-19 Article Center

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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.

 

Plan and Protect Banner.

Tax & Legislative

The COVID-19 pandemic has had a severe impact on local jurisdiction budgets that support community services like the operation of schools, police and local health departments. Taxing jurisdictions will be looking for ways to make up the lost revenue in 2021, and property taxes are the most convenient place to look. 
While commercial real estate owners were mostly unable to take advantage of the PPP, there are other tax provisions included in the CAA that may be more beneficial for 2021 planning.

Democrats plan to use budget reconciliation to pass additional stimulus measures.

Employees & HR

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.

Rising annual health plan costs may have your companyscrambling to maintain high-quality employee benefits, especially in today’sturbulent environment.

There are generally six stakeholders in the supply and demand of prescription drugs – pharmaceutical manufacturers, health insurers (including self-insured employers), pharmacy benefit managers (PBMs), pharmacies, wholesalers and patients.

Financial Management

November 03, 2020October 2020 Market Recap

The reality of the pandemic became more visceral through the month of October with infection numbers surging in many countries.

As the economy begins to revive itself, it is often not on sure footing, and we are tempted to doubt its progress.

Uncertainty can often create disruption, but investment committees can lean on the lessons learned from these disruptive events to help address risk.

Risk & Operations

Cyberattacks, ranging from phishing and ransomware to denial-of-service attacks and cloud-service interruptions, continue to increase in both frequency and sophistication. Cyberattacks ramped up even more when COVID-19 forced businesses to shift to remote work, with information on the pandemic used as a hook.

As business insurance premium prices increase and coverage becomes harder to obtain, you may be tempted to go with the least expensive option. While there are certainly things you should explore to control costs, there are some areas in your commercial insurance and risk management program that you don’t want to skimp on.

Forecasts can help your company assess impairment accounting amid COVID-19. Here are three things you should look out for as you utilize forecasts.