We understand the need for guidance in this rapidly changing time of COVID-19.
As such, we have many timely COVID-19 blogs that you will find in our Resource Center. In addition, a team of our senior-level tax professionals are working now on guidance related to the new stimulus package, and we will keep you updated on developments in our Resource Center. We also have expanded resources through our relationship with RSM’s Professional Services+ Practice. We have access to lessons learned and best practices from RSM US, a leading provider of audit, tax, and consulting services to the middle market. They have also created a Coronavirus Resource Center on their website which includes real-time insights on business continuity planning, tax and regulatory guidance, industry impact and the overall economy. Insights are provided in a variety of ways including blogs, webinars, and tax-specific alerts. Below is a sampling of titles that might be of interest, broken down by medium.
Coronavirus Webcast Series
Insight During Uncertainty – a new coronavirus weekly webcast from RSM US. The first webcast which took place on March 18th can be viewed in its entirety and the webcast that aired earlier today should be available in the RSM Coronavirus Resource Center by Friday. When you view this week’s webcast, pay particular attention to slides 8 and 9 which outline some key provisions of the pending stimulus package. We also encourage you to register to attend the remaining Insight During Uncertainty webcasts which take place on April 1st and April 8th. RSM is also hosting a tax webcast entitled “Finding liquidity via tax relief during the coronavirus crisis.” This webcast will take place on Friday, March 27th at 2pm CST. Register here if you are interested in attending.
Real Economy Blog
Although not specific to coronavirus, most recent updates have, understandably, centered around the economic effects of the pandemic. Some recent titles include:
- “Why shutting down the economy makes the most sense”
- “How health systems can manage the financial impact of the coronavirus”
- “As businesses contend with coronavirus, liquidity becomes a top concern”
Tax Alerts
- Again, most of RSM’s recent tax alerts relate to changes due to coronavirus. Some recent alerts include:
“CARES Act delivers five-year NOL carryback to aid corporations” - “Extensions for tax returns and payments due to the coronavirus pandemic are largely inapplicable for most exempt organizations”
- “State conformity to federal COVID-19 extensions”
- “Extended Income Tax Payment and filing relief due to COVID-19”
- “Congress passes the Families First Coronavirus Response Act”
We realize that you may be facing information overload. Although our offices are currently closed, please know that our LaPorte professionals remain available to help. Please reach out to us for guidance specific to your unique situation.