Today, businesses are doing everything they can to ensure the safety of their people and customers, while continuing to adapt and adjust to this new environment. From enabling a completely virtual work environment to navigating workforce shortages, to understanding how the CARES Act may help both employers and their employees, business leaders are faced with responding to a global health crisis while keeping their businesses operational and profitable.
EVOLVING REGULATION, LEGISLATION AND COMPLIANCE
UNDERSTANDING THE ECONOMIC IMPACTS OF
We are in uncharted territory. Businesses worldwide are facing significant risks – from supply chain disruption to new data privacy and cybersecurity concerns, to navigating insurance claims and contract compliance, and the potential for litigation, fraud and disputes.
PROTECTING YOUR WORKFORCE
MANAGING YOUR BUSINESS DURING A CRISIS
To respond—and recover—from a crisis, companies and their boards must work quickly to minimize business interruption, maximize operational efficiencies, and assess cash flow and liquidity concerns.
MITIGATING RISK DURING DISRUPTION
The full impact of COVID-19 remains to be seen. From determining the implications on the M&A landscape, to assessing the resiliency of your business and taking steps to mitigate financial distress, to understanding the aid that may be available to you through the federal stimulus, and the tax and financial reporting implications, leaders must understand the full picture in order to make decisions today that will ensure stability and recovery tomorrow.
Economic stimulus programs like the CARES Act, designed to provide relief to individuals and businesses, continue to be passed at a rapid pace. To obtain aid, organizations must fully understand their eligibility, along with any accompanying tax or financial reporting implications down the road.