COVID-19 resource center

Information to help businesses and individuals weather the coronavirus

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.

Resource center topics of interest

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Industry Resources

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Featured articles


How small businesses can use the Paycheck Protection Program

How small businesses can use the Paycheck Protection Program

The Paycheck Protection Program was enacted to help small businesses weather the impact of COVID-19. We dive into everything from eligibility to allowable uses.
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Cash flow management tips | Wipfli

Assessing your business risk profile for COVID-19

To get a handle on how the COVID-19 epidemic is influencing your operations and your future, put these six factors at the top of your risk checklist.
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Families First Coronavirus Response Act

A breakdown of Congress’ $2 trillion coronavirus stimulus package

Congress passed the CARES Act, a $2 trillion coronavirus stimulus package today. Here is what it means to you.
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A step-by-step guide to unanticipated change management

A step-by-step guide to unanticipated change management

The six steps you need to follow when trying to manage unexpected change, like the upheaval caused by COVID-19.
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Talent and strategy

Assessing your business risk profile for COVID-19

To get a handle on how the COVID-19 epidemic is influencing your operations and your future, put these six factors at the top of your risk checklist.

Your crisis response needs to be more agile with COVID-19

Besides throwing new phrases such as “social distancing” into the lexicon, COVID-19 is forcing companies to dramatically rethink how they work. Agility and speed are crucial to this type of adjustment.

How to crisis-proof your succession plan

As COVID-19 disrupts businesses, so too does it disrupt succession planning. Here’s how owners can help secure their succession plans.

How behavioral assessment tools can help you manage remote teams

Behavioral assessment tools can help managers lead teams through unprecedented challenges caused by COVID-19.

The questions business leaders should be asking during COVID-19

You develop business plans, then a crisis like COVID-19 hits & everything changes overnight. Here are the questions business leaders ask during COVID-19.

A step-by-step guide to unanticipated change management

The six steps you need to follow when trying to manage unexpected change, like the upheaval caused by COVID-19.

Managing fear and uncertainty in a crisis like COVID-19

In times of unanticipated change, like what we’re seeing with COVID-19, leaders need to help employees through fear and uncertainty. Here are four areas can help leaders in a crisis.

5 tips for managing rapid change

In a disaster, every step you take has dramatic consequences. You need outstanding communications and teamwork to succeed. Here are five tips for navigating the rough waters.

5 tips for crisis management teams

Crisis management should be led by an authoritative, experienced team. Here are five tips for forming an effective crisis management team.

COVID-19: A preparedness checklist

Are you prepared to handle a COVID-19 outbreak at work? This checklist will help you establish or update your emergency preparedness plans for operations and staff.

5 ways to boost employee morale during a crisis

Your business is likely to face some kind of crisis. Here are five steps you can take to lift morale and usher your workers through a period of great stress.

How to have difficult conversations — remotely

Managers often dread talking to employees about performance problems, promotion denials, layoffs or other unpleasant topics — especially when your employees work remotely.

How to hold productive online meetings

Six tips to increase the efficiency and effectiveness of your online meetings.

How to manage remote employees

Remote workers cite unplugging after work, loneliness, communication and staying motivated among their biggest challenges. Here is how you can help manage remote teams.

Stress test: Have you checked in with your team yet?

In times of uncertainty — whether because of a merger, a corporate change or world events — it’s a good idea to gauge if your employees are stressed? Here’s how.


Business finance

Need help filing for Paycheck Protection Program SBA loan?

The Paycheck Protection Program (PPP) authorizes up to $349 billion in forgivable loans for small businesses affected by the COVID-19 pandemic.

How the CARES Act affects retirement plans

Part of the CARES Act stimulus package includes several provisions to help retirement plan sponsors and participants.

7 considerations for dealerships in partial or full shutdown

The COVID-19 impact on dealerships has been significant. Here are seven things you can do to help lessen that impact on your business, finances and employees.

Coronavirus impact on defined benefit and cash balance plan funding

Understanding the impact on cash balance and traditional defined benefit retirement plans.

How can insurance help tribal organizations with business interruption during the COVID-19 outbreak?

Can your business interruption insurance help your tribal business in this COVID-19 pandemic?

Operating your business’s 401(k) plan during COVID-19

Here are common questions and answers on how to operate your 401(k) plans in light of COVID-19.

Small Business Paycheck Protection Program

The Paycheck Protection Program was enacted to help small businesses weather the impact of COVID-19. We dive into everything from eligibility to allowable uses.

How contractors can recover damages due to COVID-19

To claim damages related to COVID-19, contractors need to start collecting data now.

[Recorded webinar] COVID-19, qualified businesses, individuals and nonprofits: What’s next?

Watch our webinar, which addresses the concerns of and opportunities available for qualifying small businesses and nonprofit organizations. We also discuss recent and pending legislation due to COVID-19.

How contractors can track and log COVID-19 expenses

The best way for contractors to log costs associated with COVID-19 may be to set up one or several new costs codes to track the various COVID-19 costs on a job by job basis.

Accounting rules for debt prepayment fees with COVID-19 crisis

How financial institutions can account for debt prepayment penalties in wake of COVID-19.

How construction firms can manage cash flow in a crisis

Cash flow management is especially important to construction firms during a crisis like the COVID-19 coronavirus. Here are steps your business can take.

9 ways manufacturers can manage and increase cash flow

For manufacturers, it’s critical to increase cash flow during this uncertain and challenging time.

Keeping the shop floor lights on: Effective and safe options during COVID-19

In this time of the COVID-19 coronavirus, social distancing is possible on a shop floor, if manufacturers enact the right procedures.

5 policies that can keep your employees safe and your shop floor running

Keeping your shop floor safe during COVID-19 means forgoing business as usual and implementing these five policies.

Top 5 ways small businesses can survive an economic downturn

If you’re a small business owner wondering how to survive a recession or economic downturn, check out our three-part series on what to do. Here’s part 1.

Top 5 balance sheet assets small businesses can turn into cash

Read part II on how to survive a recession or economic downturn if you own a small business.

Small business survival: Revenue projections and cost-cutting

Small businesses are vulnerable during any economic downturn. For how to survive a recession, check out our three-part series.

Can business interruption insurance help in COVID-19 outbreak?

As the COVID-19 virus outbreak spreads, one question many businesses have is: Do we have any form of insurance that might help us weather this severe interruption to our business?

Managing your business’s cash flow

Cash flow management is a critical part of running a business. And in times of uncertainty, it’s the difference between surviving and failing.

How the COVID-19 coronavirus is impacting the agriculture industry

The new coronavirus impact on the agriculture industry is appearing in two big ways.

SBA expands relief loans to small businesses hit by COVID-19

The SBA has waived the normal disaster declaration process allowing governors to declare their entire states eligible for COVID-19 relief loans.


Legislation and regulation

What CARES Act means to nonprofits, government and tribal organizations

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes funding that will affect nonprofits and tribes. Here is a breakdown.

How small businesses can use the Paycheck Protection Program

The Paycheck Protection Program was enacted to help small businesses weather the impact of COVID-19. We dive into everything from eligibility to allowable uses.

The impact of the CARES Act on financial institutions

The CARES Act has wide-ranging implications for individuals, states and businesses nationwide, and also includes several provisions that directly impact financial institutions.

FHA extends submissions for audited financial statements to April 30

All FHA-approved lenders are required to submit their audited financial statements through the Lender’s Electronic Assessment Portal (LEAP) within 90 days of the close of their fiscal year.

A breakdown of Congress’ $2 trillion coronavirus stimulus package

Congress passed the CARES Act, a $2 trillion coronavirus stimulus package today. Here is what it means to you.

Families First Coronavirus Response Act FFCRA FAQ

Questions about the FFCRA? We’ve put together a Families First Coronavirus Response Act FAQ. Learn how it impacts you and your family.

[Recorded webinar] COVID-19, qualified businesses, individuals and nonprofits: What’s next?

Watch our webinar, which addresses the concerns of and opportunities available for qualifying small businesses and nonprofit organizations. We also discuss recent and pending legislation due to COVID-19.

Stay compliant — and healthy — with virtual shareholder meetings

The coronavirus pandemic may have pushed tax deadlines into July, but proxy season isn’t going anywhere. Here are the best practices, learned from previous virtual shareholder meetings.

Coronavirus prompts SEC to issue guidance for running virtual annual meetings

Concerns about the spread of COVID-19 are complicating the efforts of companies, issuers, share-holders and other market participants to meet in person. Here are the SEC guidelines for conducting annual meetings virtually rather than in-person.

State and local taxing authority responses to COVID-19

Has your state tax deadline changed because of the COVID-19 coronavirus? Find out in this state and local tax response tracker.

A look at benefits available to workers displaced by coronavirus

Here is a summary of benefits for workers affected by the coronavirus that have been issues by federal and state governments and the private sector.

Non-taxable support employers can provide employees during a disaster

Employers can provide disaster relief programs for their employees to support them during natural disasters, pandemics and more.

Update on proposed stimulus package to expand SBA loans for COVID-19

Update: the recent proposed economic stimulus bill for COVID-19 response offers loans to small businesses with under 500 employees.

COVID-19 recommendations for financial institutions from of FDIC and OCC

Our analysis explores the recent recommendations made by the FDIC for financial institutions in the wake of COVID-19.

How the ‘Families First Coronavirus Response Act’ will impact you

President Donald Trump on Wednesday signed into law the “Families First Coronavirus Response Act” to address mandated sick leave for those infected with COVID-19.

IRS provides guidance on COVID-19 extension of tax payments

The IRS released Notice 2020-17 Thursday afternoon, providing guidance on the tax payment extension announced by Treasury on March 17.

SBA expands relief loans to small businesses hit by COVID-19

The SBA has waived the normal disaster declaration process allowing governors to declare their entire states eligible for COVID-19 relief loans.

Can business interruption insurance help in COVID-19 outbreak?

As the COVID-19 virus outbreak spreads, one question many businesses have is: Do we have any form of insurance that might help us weather this severe interruption to our business?

How the SEC is responding to COVID-19

What you need to quality for the SEC’s “conditional regulatory relief” under COVID-19.

April 15 tax payment deadline extended 90 days for many individuals and corporations

The tax payment deadline has been extended from April 15, 2020, to July 15, 2020, for some — but not all — individuals and corporations.

Tax relief in sight? How COVID-19 might impact state and federal taxes

Coronavirus tax relief is on everyone’s mind. Here’s what the U.S. federal government is doing to help businesses and individuals impacted by COVID-19.


Cybersecurity

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.

Healthy online payment practices for financial institutions amid COVID-19

Healthy online payment practices are even more important for financial institutions during the COVID-19 crisis.

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.


Technology

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.

6 IT capabilities needed to weather COVID-19

Here are six capabilities your IT department must have in the wake of the COVID-19 outbreak and the resulting need for employees to work remotely.

Understanding the role of SaaS at modern businesses

Wipfli explores how cloud ERP tools deliver the innovation, freedom and flexibility you need to compete in the modern business world.

3 tools to keep your virtual office humming

The three technology components you need to set up a virtual office are high-speed internet, VOIP and cloud computing capabilities.


Personal finance

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.

Tax and financial planning strategies to make bear markets bearable

Ways to make bear markets bearable.

How to handle market fluctuations due to COVID-19

COVID-19 has wreaked havoc on the stock market. But be patient. The market has survived terrible world events for the last 50 years.

[Webinar + Q&A] Financial markets and COVID-19

The world stock markets have experienced a swift decline in recent weeks due to the COVID-19 pandemic. Our affiliate, Wipfli Financial Advisors, LLC's team reviews the recent volatility in financial markets, providing perspective on these events.

April 15 tax payment deadline extended 90 days for many individuals and corporations

The tax payment deadline has been extended from April 15, 2020, to July 15, 2020, for some — but not all — individuals and corporations.

A look at benefits available to workers displaced by coronavirus

Here is a summary of benefits for workers affected by the coronavirus that have been issued by federal and state governments and the private sector.


COVID-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
Marcie L. Bomberg, OCI, OEI
Senior Manager
Strategy, organizational transformation, innovation and growth, organizational development
Brian Dietz, CPA
Brian Dietz, CPA
Partner
Financial management technology, process improvement and change, nonprofit strategy
Rick Dreher
Rick Dreher, CPA, MST
Partner
Business continuity and strategy, cultural transformation, M&A, sales
Brian Goodhart
Brian Goodhart
Senior Manager
Strategic Planning, M&A, Financial Analysis
Paul Lally
Paul T. Lally
Partner
Strategic planning, successions planning, M&A
Steve Lipton
Steven P. Lipton
Partner
Leadership strategy, organizational coaching, technology operations and governance, strategic training

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COVID-19 CARES Act Webinar