Coronavirus Resources and Information

STAY UP-TO-DATE ON HOW THE CORONAVIRUS (COVID-19) WILL IMPACT YOUR BUSINESS.

The Executive Committee at Marvin and Company has been meeting daily to develop a fluid plan that allows us to get our work done while most importantly allowing us to keep our team safe and healthy.  

We have been collecting various resources for you related to the COVID-19 outbreak. This page is updated frequently, so continue to check back. This is a continually evolving situation that can change daily, so we highly recommend that your firm also review guidance from the World Health Organization (WHO), U.S. Centers for Disease Control and Prevention (CDC), NYS Department of Health (NYSDOH) and other local authorities as well.

Webinars

• March 31, 2020 - The COVID-19 Impact: CARES Act Provisions Impacting Businesses, Not-For-Profits and Individuals Webinar
• March 31, 2020 - The COVID-19 Impact: HR Information Webinar
• March 31, 2020 - The COVID-19 Impact Webinar powerpoint slides
• April 7, 2020 - The COVID-19 Impact: CARES Act - The Sequel Webinar
• April 7, 2020 - The COVID-19 Impact: CARES Act - The Sequel webinar powerpoint slides
• April 7, 2020 - COVID-19 Webinars I and II Q and A
• NEW June 30, 2020 - Special PPP Webinar - Kevin P. O'Leary, CPA - Managing Director and Karl F. Newton, CPA - Director

Special Alerts

• March 16, 2020 - Marvin and Company Communication - Coronavirus
• March 17, 2020 - Marvin and Company COVID-19 - Update
• March 20, 2020 - Marvin and Company COVID-19 Update: 3/20/2020
• March 25, 2020 - H.R.6201 - Families First Coronavirus Response Act
• March 26, 2020 - NYS Paid Leave for COVID-19
• March 31, 2020 - Payment Protection Program - SBA Loan Program Updates
• April 3, 2020 - CYBERSECURITY AND COVID-19 - Scammers are taking advantage of fears
• April 3, 2020 - Breaking News: Paycheck Protection Program Update 4-3-2020
• April 5, 2020 - Breaking News: Paycheck Protection Program Update 4-5-2020
• April 14, 2020 - Special Alert - IRA RMD and the 2020 waiver opportunity under the CARES legislation
• June 24, 2020 - Special Alert - IRS announces rollover relief for required minimum distributions from retirement accounts that were waived under the CARES Act
• August 19, 2020 - NEW - Congress Passes the Protecting Nonprofits from Catastrophic Cash Flow Strain Act to Assist Nonprofit Organizations

1. April 3, 2020* is when small businesses and sole proprietorships may apply for the Paycheck Protection Program.
2. April 10, 2020* is when independent contractors and self-employed individuals may apply for the Paycheck Protection Program.
3. You may apply through an approved and existing SBA lender (that would be an SBA approved bank, etc.). 

• March 31, 2020 - Payment Protection Program - SBA Loan Program Application 

• March 31, 2020 - Comparison of CARES Act PPP Loans VS SBA EIDL Loans as of 3/30/2020
• April 1, 2020 - NYS and the federal government paid sick leave and other leave time pursuant to COVID-19 updates
• April 3, 2020 - Business Loan Program Temporary Changes; Paycheck Protection Program - Interim Final Rule
• April 8, 2020 - Frequently Asked Questions for Lenders and Borrowers for the Paycheck Protection Program
• April 8, 2020 - FAQ Regarding Participation of Faith-Based Organizations in PPP and EIDL
• April 24, 2020 - New “CARES Act Funding, 3.5” Signed
• August 6, 2020 - NEW - PPP FAQs on PPP Loan Forgiveness (as of 8/4/2020)

SCAMS and Fraud Schemes

• March 31, 2020 - U.S. Small Business Administration - Beware of SCAMS and Fraud Schemes
• April 3, 2020 - CYBERSECURITY AND COVID-19 - Scammers are taking advantage of fears

Tax

• President Trump Signs Into Law CARES Act
• IRS Releases FAQs Regarding July 15, 2020, Postponed Income Tax Filing And Income Tax Payment Date
• SBA Disaster Assistance in Response to the Coronavirus – Low-Interest Loans
• IRS Outlines Procedures for Payroll Tax Credits and Rapid Refunds for Employers Making Federally-Mandated COVID-19 Leave Payments
• How To Determine If An Employer Has "Fewer Than 500 Employees" For COVID-19 Federal Paid Sick And Family Leave Mandates
• Federal Aid Package Helps Individuals Affected by COVID-19 (Families First Coronavirus Response Act)
• Employers Can Immediately Provide Tax-Free Qualified Disaster Payments To Employees In Connection With COVID-19
• IRS Releases COVID-19 Payment Relief (updated 3/23/20)
• IRS & Treasury Extend Additional Due Dates (4-10-2020)
• Full Overview of Extensions from IRS Notice 2020-23 (4-13-2020)
• Economic Stimulus Payments (4-13-2020)

Assurance

• COVID-19 - Accounting, Reporting and Other Related Considerations
• Accounting & Reporting Considerations During, and as a Result of, The Coronavirus Outbreak
• SEC Staff Issues Guidance on Annual Meetings
• SEC Provides Conditional Relief and Assistance for Companies Affected by the Coronavirus

Advisory

• Breaking Down Section 4001 of the CARES Act
• Managing Your Risk During the COVID-19 Crisis
• Novel Coronavirus (COVID-19) Impact and Risk Response Guide
• COVID-19 Data Security Insight
• Privacy in the Time of Pandemic
• Determining Your Infectious Disease Risk during COVID-19 Outbreak
• Top Cybersecurity Recommendations Amid COVID-19
• Crisis Management and Business Continuity

Industry

• OMB Guidance Provides Relief to Federal Award Recipients Amid COVID-19
• Government Contracting COVID-19 Alert
• Coronavirus Strikes Nonprofits in More Ways than One
• Unemployment Benefits - What you Need to Know (4-16-2020)