Effects of COVID-19
The effects of COVID-19 are far reaching and have caused unprecedented change.
Businesses and organizations face economic and operational uncertainty across every industry and sector. Now more than ever is the time to understand compliance, adjust expectations, renew focus and reposition in the wake of the next normal.
Organizations are searching for information as they make the next critical choice. Eide Bailly has developed resources to help you make sense of the effects of COVID-19 on your business or organization. Let us help you take the next step forward. Click each of the links below to learn more.
Relief Initiatives
Relief provisions have come in all forms. From tax credits to forgivable loans and funding to those directly impacted by the effects of COVID-19, there’s much to consider. At the forefront of the relief provisions conversation is which to choose for your organization and then how to comply with the stipulations of the provision.
One of the most popular pieces of relief legislation is the Paycheck Protection Program. Designed to help small businesses keep employees on the payroll during this critical time, it also carries important criteria related to loan forgiveness.
Get help maximizing loan forgiveness under the Paycheck Protection Program
There are many considerations when it comes to the different relief provisions. Learn more about how they all compare.
Business Implications
Business leaders are facing a time of great change and reinvention. The impacts of COVID-19 have touched nearly every facet of an organization, from payroll to auditing standards to how organizations conduct day-to-day operations.
Remote Work Considerations
Almost overnight, many organizations shut their doors and turned remote to conduct business. While much can be learned from the efficiencies and outcomes of remote work, there’s a significant amount of risk. Quick decisions have led to cyber and business security threats, as well as an increased need for compliance. Remote working may be the new normal for the foreseeable future, so there’s much to consider to get it right.
Industry Implications
While the effects of COVID-19 are far reaching, how they impact each industry is unique. Manufacturers are grappling with supply chain issues. Financial institutions are trying to make sense of relief provision funding in the wake of continually released guidance. Healthcare organizations are simultaneously grappling with a decrease in budgets and an increase in patients as they stand on the front lines of the pandemic.
We’ve created the following industry resources to help you move forward with the impact of COVID-19 on your given industry.
Financial Institutions
Healthcare
Nonprofit
TOOLS & RESOURCES
Sometimes you just need help making sense of it all. We’ve developed a variety of tools and resources to help answer some of the key questions we’re receiving related to the impacts of COVID-19, relief provisions and more.
- How Do the Relief Provisions Compare?
- COVID-19 Employee Screening Tool for Essential Industries
- Paycheck Protection v. Emergency Injury Disaster Loans: What’s the Difference?
- Upcoming Events: COVID-19 Webinar Series
Have questions about the organizational and individual impacts of COVID-19?
We know this is a confusing and complex time. As you prepare to navigate the next normal, make sure you have a trusted advisor by your side. We’re here to help you move forward.