The rapid spread of COVID-19 has the ability to hit every component of your business. And the uncertainty of the situation can feel overwhelming as circumstances are constantly shifting.
At Wipfli, the health and safety of our community — clients, event attendees and associates — is our highest priority. As is helping you navigate the turmoil of today and continue to strengthen your tomorrow.
We bring the people, tools and methodology to help you respond and recover from the coronavirus global pandemic.
Helping your business
Business finance
Our team is ready to help guide you in managing the financial impacts of COVID-19, including properly capturing and accounting for crisis-related costs and expenses, understanding the tax implications of those expenditures.
What we offer:
- Cash flow impacts and planning
- Income tax impacts and planning
- Expense analysis and mitigation
- Back-office support to cover accounting and expense management
- M&A advisory
- Business succession guidance
Maintaining sales
Our digital teams are ready to help you pivot to maintain your audience and maximize your revenue through technology and data insights.
What we offer:
- e-commerce website, sales, marketing
- Optimized digital customer experience
- App development
- Advertising to conversion funnel
- Digital readiness strategy
- Business intelligence, data
Operational stability
Our associates will work with you to limit business interruption and the associated costs of a COVID-19 to keep your organization strong and secure.
What we offer:
- Supply chain assistance
- Business continuity and recovery
- Rapid change management
- Crisis response management
- Internal controls and fraud risk assessment
- Back-office support to cover accounting and expense management
Managing employees
Providing employees with the right tools, direction and leadership can help you do more than just survive COVID-19. They can help position you for a strong recovery.
What we offer:
- Employee benefits, payroll
- Understanding new legislation, regulations
- Remote workforce technology support
- Motivating and managing stress of employees
- Redefine structure and roles
- Lead and manage change
Technology and cybersecurity solutions
Secure and innovative management of technology needs and risks to ensure your team can work securely and efficiently from anywhere during shelter in restrictions.
What we offer:
- Cyber security for cloud operations
- Remote workforce enablement
- Technology risk management
- Remote monitoring systems
- Cloud-based ERP and CRM solutions
- Project governance and assurance
- Cybersecurity testing and training for employees
Need help with a business issue?
Contact our response team and view our resources below.
COVID-19 Resources
Resource center topics of interest
Industry Resources
Featured articles
Shifting from timelines to trigger events for planning during COVID-19
The fundamentals of your strategic plan are still valid – but not the schedule. Learn how to ditch deadlines and switch to trigger-based strategic planning with COVID-19 recovery efforts.View More
SBA announces economic uncertainty safe harbor for loans under $2 million
The PPP economic uncertainty requirement has been a big point of discussion recently. Now, the SBA has announced a safe harbor for PPP loans under $2 million.View More
USDA issues details of Coronavirus Food Assistance Program for farmer and ranchers
The USDA issues more details surrounding the portion of the Coronavirus Food Assistance Program’s direct assistance for farmers and ranchers.View More
The New Normal: 5 areas business owners should assess
How COVID-19 has changed business as usual.View More
Talent and strategy
How COVID-19 has changed how we measure success
How to shift performance measures to accurately evaluate organizational health after COVID-19.
Shifting from timelines to trigger events for planning during COVID-19
The fundamentals of your strategic plan are still valid – but not the schedule. Learn how to ditch deadlines and switch to trigger-based strategic planning with COVID-19 recovery efforts.
The power of management assessments: an important process during unprecedented times
Performing a management assessment can help your organization know whether it has the right leadership team to navigate current and future challenges.
How to recruit, manage and retain virtual team members
How to adapt HR practices to successfully recruit, manage and retain virtual employees.
See you at the office? Companies rethink real estate needs after COVID-19
Considerations for future space planning: After the pandemic, could companies divest of real estate and continue to operate virtually?
View moreBusiness finance
With COVID-19, this is why a SOC audit is so important
COVID-19 has brought massive changes to organizations — and with it changes to internal controls. Right now, a SOC audit can provide you with several benefits.
SBA extends PPP repayment deadline to May 14
The SBA has extended the PPP loan repayment deadline from May 7 to May 14. This is for companies that don’t meet the economic uncertainty requirement.
SBA PPP loan economic uncertainty certification
The SBA has made PPP loan forgiveness guidelines clearer, but now many borrowers are worried about the economic uncertainty factor.
PPP loans: Proper documentation and accounting
For business owners who have secured an SBA loan, PPP loan forgiveness is on their mind. Here’s how to properly account for the loan proceeds and their use.
10 ways COVID-19 might impact your financial statements
When preparing financial statements, these 10 areas of GAAP must be applied with a very careful approach because of COVID-19.
View moreLegislation and regulation
SBA announces economic uncertainty safe harbor for loans under $2 million
The PPP economic uncertainty requirement has been a big point of discussion recently. Now, the SBA has announced a safe harbor for PPP loans under $2 million.
SBA extends PPP repayment deadline to May 14
The SBA has extended the PPP loan repayment deadline from May 7 to May 14. This is for companies that don’t meet the economic uncertainty requirement.
IRS says expenses funded by forgiven PPP loan amounts are non-deductible
PPP tax deductions news: The IRS announced that expenses paid from forgiven PPP loans will not be deductible for income-tax purposes.
Standard setters propose deferrals on accounting rules amid COVID-19 pandemic
The FASB, along with the ASB and GASB, has recognized the impact COVID-19 is having on organizations and has proposed a lease standard delay.
Congress passes Paycheck Protection Program and Health Care Enhancement Act
The Paycheck Protection Program and Health Care Enhancement Act was signed into law, providing fresh funding for the SBA PPP.
View moreCybersecurity
Managing risk from vendor dependencies in a crisis
When a crisis affects your organization, it’s critical to have confidence in the security of the technology vendors you work with. Here are the question you need to ask.
Preventing fraud in a remote work world
Best practices and practical tips for preventing fraud in a remote work environment.
Public Wi-Fi hygiene for your employees
There’s always a risk when employees use public Wi-Fi access. Here are four rules to help keep your data safe.
5 steps to strong cybersecurity for remote employees
The right cybersecurity practices can help make sure that your sensitive information stays safe while your employees are working from home.
Fighting the wave of coronavirus phishing scams
Cyber criminals are trying to play on coronavirus fears by sending out fake emails to trick people into downloading malicious software. Here’s how to protect yourself.
Read moreTechnology
Managing risk from vendor dependencies in a crisis
When a crisis affects your organization, it’s critical to have confidence in the security of the technology vendors you work with. Here are the question you need to ask.
How to process payments when you’re not in the office
Given so many people are working from home during COVID-19, how do you process payments? The answer is remote payment processing. Here’s how it works.
Microsoft Teams free trial: COVID-19 response
Does COVID-19 have your organization thinking about taking advantage of the Microsoft Teams free six-month trial? Here’s how to get started.
How a cloud-based phone system can benefit your business
Are your phone, IM, video calling and meeting systems all separate from one another? Here’s how a cloud based phone system brings each element into one place.
5 tips for being a more effective mobile worker
Building the right foundation and ensuring more productivity at home is key to being an effective mobile worker. Here are the top five tips.
View morePersonal finance
SALT insights: COVID-19’s impact on property tax assessments
With COVID-19 causing significant economic losses, businesses may be looking to reduce their 2020 property tax assessment..
IRS says expenses funded by forgiven PPP loan amounts are non-deductible
PPP tax deductions news: The IRS announced that expenses paid from forgiven PPP loans will not be deductible for income-tax purposes.
6 tips to navigating unemployment during COVID-19
Unemployment can be a traumatic experience. The first question people have is usually what to do when unemployed. We’ve put together six next steps to help.
How the CARES Act affects individuals and families
The CARES Act includes items to help individuals get recovery checks, access retirement account funds, deduct more charitable donations and cover healthcare related to COVID-19.
Five 401(k) reminders during COVID-19 sharp market turns
What you can do to keep your 401(k) plan afloat during market turmoil caused by COVID-19 pandemic.
View moreCOVID-19 Quick Response Team
Our team is ready to help you navigate the impact of the coronavirus
The rapid spread of COVID-19 has the ability to hit every component of your business or organization. And the uncertainty of the situation can feel overwhelming as circumstances are constantly shifting.
We’ve assembled a multidisciplinary team committed to helping you respond, recover and anticipate from the impact of the coronavirus.
Our experienced leaders, combined with operations, finance, tax, technology and strategy, are ready to respond now to your questions and needs.
Marcie L. Bomberg, OCI, OEI
Senior Manager
Brian Dietz, CPA
Partner
Rick Dreher, CPA, MST
Partner
Brian Goodhart
Senior Manager
Paul T. Lally
Partner
COVID-19 Statements