Hear from Lumsden McCormick experts on what needs to be done to optimize tax planning with a focus on the proposed presidential plans. Followed by an update to the Paycheck Protection Program including a financial statement presentation and a discussion on the tax aspects of forgiveness.
The COVID-19 crisis has affected virtually every business. Many small business owners may be ready to throw in the towel, but restructuring can provide a fresh start. This is a highly complex process that requires continuous monitoring to be effective.
As a result of pandemic-related shutdowns, many businesses have filed claims under their business interruption insurance policies. These claims have resulted in litigation over the scope of coverage and the meaning of key policy terms.