Business Recovery Resource Center

COVID-19 has confronted businesses with decisions that have never been contemplated. To help you through the unknowns and difficulties, MCM CPAs & Advisors has formed a group of experts to advise clients on accounting and business advisory services in wake of implications from the coronavirus pandemic.

This Resource Center is designed to help you stay informed and feel confident about the decisions you are making about your business. Below you will find:

•  Important Updates
•  MCM’s Advisory Focus Areas and Related Content
•  National, State, and Local Business Resources
•  Upcoming Webinars and Recordings

Trending Updates

The most recent news in this pandemic.

    “Main Street Lending Facility Update” FAQs – Upd...

    Published 05/01/2020

    This post has been updated as of June 9, 2020 On June 8, the Federal Reserve Board of Governors announced changes to the Main Street Lending Program, which was originally announced on April 9 and updated previously on April 30. In the...

    COVID–19 – Impairment Considerations (Goodwill, In...

    Published 04/15/2020

    The COVID-19 outbreak has presented many financial and reporting challenges for Companies as they deal with reduced operations or even a complete shut-down during this pandemic. One of these financial reporting challenges will be performing...

    SBA 7A “Paycheck Protection Loans” and Economic Injury...

    Published 03/27/2020

    April 24, 2020 Update: On April 24, 2020 the SBA clarified some issues that were outstanding form the original bill and subsequent guidance. Hedge Funds and Private Equity Firms The guidance clarified that Hedge funds and private equity...

Webinar Archive

We’ve listed our webinar materials, presentations and recordings all for you right here.

Business Recovery Focus Areas

No matter your business, we can help you feel confident and prepared for your next steps.


Legislation is quickly changing in response to COVID-19. We want to make sure you have the most up-to-date information you need to make informed decisions, let MCM’s tax specialists help you navigate these changes. We can help you identify possible Federal and State and Local savings and opportunities to offset loss, in addition to tax preparation and financial planning.

Federal (including Stimulus)

Related Content:


State and Local

We can help you stay on top of state and local tax requirements and changes and lets you know how your business may be affected by provisional tax changes in this area. Further, we’ll keep you properly informed about issues and opportunities that solve your tax challenges or mitigate the potential tax burden for your company. Read more on state and local tax here.

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Many of the resources being discussed during the COVID-19 pandemic are focused on helping businesses, but it’s important for individual taxpayers to understand how the changes will impact their own tax situation. Our Tax Services Team is thoroughly trained in all aspects of individual tax, as well as estate, gift and trust accounting. We are able to offer our clients the compliance and planning services designed to protect their assets while minimizing their tax burdens both now and well into the future.

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Human Resources

Organizations are liable for its employees and creating an infectious-disease management plan is imperative. Employers should be ready to implement policies and procedures to protect its employees and reduce the spread of the Coronavirus. We highly recommend that companies start preparing now how they will handle future emergencies. MCM’s HR Advisory Services Team can help provide guidance in business operations in addition to policies and procedures in response to the Coronavirus.

HR and Related Matters:

We provide our clients with services that reach beyond traditional tax and assurance offerings. MCM’s specialized HR advisors can help your organization deal with the new employment regulations and implementing these changes. Our advisors can help organizations succeed by providing the expertise to help manage people-related challenges. We consult on both domestic and international engagements, and clients receive forward-thinking strategies and custom-tailored consulting services to your needs.

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Retirement and Employee Benefit Plans

The COVID-19 virus is causing changes in many aspects of business. Few are untouched including Retirement Plans. Legislation affecting the administration and funding of Retirement Plans is being addressed currently. Let us help you navigate these changes to find what best helps your business.

Related content:

Payroll and Other Accounting Services

It is critical to maximize your resources and streamline your business management. MCM’s Accounting Services Team is able to provide you with outsourced accounting service olutions that can help you with just that. Our team can help you evaluate areas of revenue and expense to help you make confident decisions in a timely manner, ensuring you are maximizing opportunities.

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Banking and SBA

Many business are looking for ways to ease the financial burden the Covid-19 pandemic has caused to businesses across the country.

The U.S. Federal Government has taken steps to make SBA loans more accessible to more small businesses. Small businesses are typically business with < 500 employees, but different industries have different rules.

These are federally backed loans with deferred payments and low interest rates.

Your business may be eligible for either the Economic Injury Disaster Loans (EIDL) or the newly enhanced 7A loans. The EIDL is applied for directly thru the federal government. The 7A loans are applied for thru a bank or lending partner of the SBA.

Other relevant and important topics include:

Federal Regulations

Covenant Compliance

Small Business Lending

Borrower Related Content: 


Bank & Lender Related Content:


The COVID-19 pandemic has changed the way people work and where they work. Many companies do not have the technological resources or business processes in place to deal with the quickly changing work environment. Our team can help you assess your technology infrastructure and help you create a plan for efficiency and reduce cybercrime threats to your organization.

IT Infrastructure

Security/Business Continuity

Related Content:

Business Interruption

Our team is equipped to help you navigate the current challenges related to the COVID-19 pandemic. We have extensive experience in the insurance industry, providing our clients with specialized services and solutions while helping you reduce tax burdens.

Insurance and Other Related Insurance


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Accounting and Reporting Matters

The COVID-19 pandemic is taking a toll on organizations around the world and will result in accounting and financial reporting challenges and complexity. Some of these challenges will include: asset impairments, enhanced disclosure, payment deferrals, government assistance, loan covenant violations, contractual defaults, leases, revenue recognition, debt restructuring, business interruption and other insurance related recoveries, employee benefits, and liquidity and going concern considerations. Our team has the experience and knowledge to help you navigate through these challenges and help you mitigate risk.

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Corporate Strategies

Many organization are not fully prepared for an economic downturn or have a strategy to survive. Our team of professionals are equipped to help you set up a plan to reduce the risks during an economic downturn.

Corporate Financing/Structuring

In times of economic downturn, it is essential to evaluate your organizational structure. Our team can help you consider various scenarios, build a plan, and help you to evaluate what your organization needs to do to survive.

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Most organizations don’t know how to prepare for an economic downturn and therefore become paralyzed. In today’s economy, time is of the essence and critical actions cannot be delayed. Our business strategy experts can help you assess the situation your company is in, develop a strategy, and focus on the most important survival priorities, bringing together your leadership team and finding a path to success.


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Forecasting and Budgeting

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Additional Resources

Connecting you to important resources

American Institute of Certified Public Accountants (AICPA)

The Association, the global voice of the American Institute of CPAs and the Chartered Institute of Management Accountants, is taking the Coronavirus (COVID-19) very seriously. They are continually monitoring the virus’ impact on members, staff, exam candidates, students and the profession.


Society for Human Resource Management (SHRM)

Communicable diseases like coronavirus and the respiratory illness it causes, COVID-19, can bring a busy workforce to a standstill. Employers are responsible for the health and safety of their workers and customers, and part of that duty of care is to do your part to prevent and respond to infectious diseases in the community. Here are ways to prepare your workforce for the possibility of business closures, working from home, quarantines and other outcomes of a disease outbreak.


National Resources
State and Local Resources

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