COVID-19 has rapidly and irrevocably reshaped the global business climate. Virtually overnight, restaurants and bars have shuttered their doors to customers, transitioning to delivery and take-out models. Offices have closed, as entire workforces telecommute from home. Manufacturers of much-needed supplies from cleaning products to masks are overwhelmed by demand they’re struggling to meet. Employees across…
As the response to the COVID-19 pandemic progresses, many companies have established operational crisis management teams and adjusted to global restrictions on work and movement. Executives are now beginning to ask the question: How are we going to return to work? As of April 2020, some countries are starting to ease restrictions, allowing for more…
If you are on the hunt for a new job, interviews are your time to shine! Formulating answers to common interview questions ahead of time can give you a leg up and calm your nerves when it is time for the interview. This Journal of Accountancy article by Stephanie Vozza discusses what the prompt “Tell…
Businesses that have managed to secure financing through the Paycheck Protection Program (PPP) are fortunate—but also saddled with a lot of red tape. Business owners and managers should be careful that they adhere strictly to the terms of the program in order to qualify for loan forgiveness. In response to the coronavirus pandemic, Congress created…
Businesses have rapidly deployed technology solutions, such as collaboration tools and cloud computing, that enable their employees to work remotely and continue business operations during the COVID-19 pandemic. However, business leaders must be mindful of their employees’ larger needs as they face myriad challenges due to this crisis. Taking extra steps to support team members…
By Andrea Wilson Nonprofit organizations and higher education institutions have been hard at work trying to help the world navigate the novel coronavirus (COVID-19) pandemic. While trying to maintain focus on their missions, these organizations and institutions face massive uncertainty in the face of COVID-19, including financial turmoil, layoffs, remote work, quarantines, shelter-in-place orders and other…
There is a lot of scary stuff happening right now. Many are struggling to maintain good mental health in light of the coronavirus pandemic. For some, the mental strain is exacerbated by the fact that so many are practicing social distancing. So how can you maintain or strengthen your mental health in the midst of…
Social distancing measures imposed in response to the Coronavirus pandemic mean that many teams have suddenly found themselves working virtually for the first time. It is fortunate that modern technology makes this a feasible reality. However, it is still uncharted territory for many. While there are many advantages to virtual workforces, this arrangement also comes…
Taxpayers should beware of calls and emails from scammers contacting them about the stimulus payments as a result of the newly passed CARES Act. The IRS has already noticed a great deal of new phishing schemes against taxpayers due to the COVID-19 pandemic. Taxpayers should be careful about falling for these these schemes, as it…
On March 27th, President Trump enacted the Coronavirus Aid, Relief, and Economics Security (CARES) Act. The historic $2.2 trillion stimulus bill includes a $349 billion paycheck protection program (PPP) that targets aid to small businesses dealing with losses resulting from the coronavirus pandemic. The PPP uses the already-existing small-business loan framework of the Small Business…