Why Are Bay Area Business Bankruptcies Not Soaring Amid COVID-19?
BPM Partner Nick Steiner discusses why bankruptcies are not currently sky high during the pandemic, although unemployment and business closures are, and that the business community should also expect that to change in the near future. Read the recent San Francisco Business Times article.
Webinar: Contact Tracing for COVID-19
BPM's HR Consulting team will share how to customize policy creation for your organization, and how to take matters in your own hands to run a complete contact tracing process, and avoid reliance on government agencies. Register now for a webinar invite.
Post-Pandemic Accounting Implications
Organizations of all sizes have been in survival mode since the beginning of 2020 to get through the pandemic and the economic downturn that followed. But now, as the world moves towards recovery and growth, entities must carefully consider their unique circumstances and risk exposures when analyzing how recent events may affect their financial reporting. Read a recent article from BPM's Technical Accounting team.
Financial Tips to Support Dairy Farmers Following COVID-19
BPM’s Agribusiness Industry Group compiled its top three steps in a recent article for businesses whose cash flows have been negatively affected by the turbulence in milk prices, to take immediately to preserve the financial health of their business.
5 Tips for PE Firms Eyeing Add-On Deals During COVID-19
Judging by recent M&A trends during the COVID-19 pandemic, it’s increasingly clear that private equity investors have continued to focus on add-on acquisitions as a growth strategy even more so than they did pre-outbreak. Learn more from BPM Director Kemp Moyer in a recent Mergers & Acquisitions article.
How to Rebuild Business Reputation
In today’s economy, operations outages, business closures and virus transmissions — however brief — can deal a major blow to company reputation. To win it back, businesses must take steps to reestablish trust with customers, investors and employees. Learn more from BPM's Terry Hill and Jill Pappenheimer.
Business Continuity Planning and Management Guide and Checklists
As you plan to migrate back to the office, BPM leaders put together a comprehensive list of tips and checklists to help you move forward confidently. Download our booklet that touches on important strategies for financial emergence and growth, people and HR, and IT and data security.
BPM’s Mark Leverette Discusses Rent Deferral Changes on Globest.com
Cities and states across the country have started to reopen; although a surge in outbreaks has stalled or even reversed reopening plans. Still, as the country moves toward reopening, both owners and tenants are wondering how it will impact rent deferral agreements. Learn more in a recent Globest.com article.
Multiple Cash Flow Scenarios That Help Adjust for Uncertainty
BPM Partner Edward Webb writes about how accountants who provide accurate cash flow forecasts not only tell the story of a business's past and also prepares it for the future in a recent AccountingWeb article.
Landlord Strategies for Tenants Seeking Rent Relief During COVID-19
The commercial real estate sector has been severely impacted by COVID-19. The economic shutdown due to the stay-at-home orders has caused pay cuts and job loss, significantly damaging the business operations of landlords. As a result, a great number of tenants across the country are seeking rent relief options. BPM has a team of forensic accounting and advisory professionals ready to help landlords navigate these requests and find the best financial solutions. Learn more about landlord strategies for tenants seeking rent relief.
Student Loan Relief During COVID-19 Crisis
The CARES Act provides automatic suspension of principal and interest payments on federally-held student loans through September 30, 2020. These suspended payments will count towards any student loan forgiveness program, as long as all other requirements of the loan forgiveness program are met. Learn more on the Consumer Financial Protection Bureau website.
California Mandates Residents to Shelter-in-Place
On March 19, California Governor Gavin Newsom issued a statewide order for all residents to stay at home amid the coronavirus pandemic. Californians are directed to stay home, unless they have essential needs. Read the full Executive Order and details here.
Telework Security Basics
As organizations across the world move to working remotely, security is harder than ever to manage. The following NIST blog article about secure telework is written for an end user audience, and can be used to supplement your organization’s remote work advisories. Here are some best practices to follow.
Assessing the Impact of the Coronavirus on Your Business and Staff
On March 11, the World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus announced the outbreak of COVID-19 as an official pandemic, with the risk of further global spread. As you start to feel the impact of the coronavirus, here are some things to consider.
COVID-19 Small Business Resiliency Fund
The City of San Francisco has put in place measures to support small businesses in light of the COVID-19 outbreak, including the deferral of business taxes and licensing fees, as well as the launch of an economic relief fund. Here is an update as of March 11, 2020.
Free Technology Services to Those Affected by COVID-19
RingCentral is offering free services to those affected by COVID-19. Eligible communities include:
- K-12 schools facing closure due to COVID-19 virus
- Nonprofit organizations (Health and Welfare Services) fighting COVID-19 (resources for remote)
- Healthcare providers fighting COVID-19
If you are an educator (K-12 schools), health-care provider, or non-profit, you can learn more here.