COVID-19 Guidance Center

PPP Loan Forgiveness Assistance

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Employee Retention Credit Tax Services

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Shuttered Venue Operators Grant

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Restaurant Revitalization Fund Assistance

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Tax Implications and Financial Business Guidance
Regarding the Coronavirus

The Coronavirus, or COVID-19, has altered our world; how we do business and how we live our daily lives. Cherry Bekaert has been and remains committed to our people, our clients, our communities and our professions. As such, we are closely monitoring the current situation to provide up-to-date guidance in this unparalleled time.

On this page you will find guidance on the latest regulatory updates and thought leadership to help you manage financial and operational risks while minimizing potential business disruptions. Please reach out to your trusted Cherry Bekaert professional for more information. We are always here to help guide you forward, even in the midst of uncertainty.

Related Thought Leadership

Sep 15

Article

Determining Eligibility for the Employee Retention Credit

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Aug 31

Article

What You Need to Know About the Employee Retention Credit

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Mar 29

Alert

Help for Hospitality Industry Under the CARES Act

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Nov 17

Report

A&E Quarterly Regulatory Round Up Q4 2021

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Nov 10

Alert

New Expanded SBA Eligibility for PPP Loans

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Sep 27

Alert

Federal Coronavirus Relief Bills for NFPs

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View All

What Opportunities Might be Available to Your Business? Employee Retention Credit Expanded and Extended as part of the Consolidated Appropriations Act, 2021.

The Employee Retention Credit (“ERC”) was introduced as part of the Coronavirus Aid, Relief and Economic Security Act to incentivize employers to retain employees during COVID-19 by offering a refundable tax credit against employment taxes. Recently, the Employee Retention Credit was expanded and extended as part of the Consolidated Appropriations Act, 2021. For more information on eligibility requirements, rules, and provisions for the Employee Retention Credit, please reach out to your local Cherry Bekaert professional and see our latest article on the 2021 Employee Retention Credit Expansion as well as our brochure on New Opportunities for Employers to Claim the Employee Retention Credit.

Brochures

What You Need to Know About the Employee Retention Credit

Find out more about Employee Retention Credit 2021 and 2020 eligibility, rules, filing & more....

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PPP Forgiveness Loan Application Assistance for Financial Services

We provide PPP loan application assistance for financial institutions, including origination calculations, forgiveness planning, support...

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CARES Act Provider Relief Fund Audit Requirements

Learn about CARES Act Provider Relief Fund (HHS COVID-19 Federal program) and find out if...

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Our Steadfast Commitment to Our Clients

As COVID-19 (“Coronavirus”) continues, our top priority is the safety and well-being of our people and their families, clients and the communities in which we live and work. Please be assured that while we remain focused on the health and safety of our professionals and those around us, we also are focused on continued service to our clients.

We have taken steps to ensure we can continue to deliver the level of excellence and timeliness to which you are accustomed:

• We have a cross-disciplinary response team in place to continuously monitor COVID-19 and its variants.
• We are following all recommendations from the World Health Organization (“WHO”), U.S. Centers for Disease Control and Prevention (“CDC”) and local authorities.
• We have put measures in effect that help ensure both safety for our people and business continuity for our clients.

Cherry Bekaert has long been committed to a flexible work environment, and we have the technological, cultural and operational infrastructure for our professionals to work remotely and continue to serve our clients from anywhere.

As we continue to navigate this period of uncertainty, I hope that you and your loved ones stay healthy. We are committed to making a difference for you and are grateful for your confidence in Cherry Bekaert as we guide you forward.

As always, please let us know if you have any questions.

Stay safe and healthy,

Michelle Thompson
CEO & Firm Managing Partner

Additional COVID-19 Resources

State Tax Information

• Sales and Use Tax Extension Information
• State Relief Programs for COVID-19
• State COVID-19 Relief Programs for Non-Profits
• AICPA State Tax Filing Guidance for Coronavirus Pandemic

International Tax Information

• Global Fiscal Responses to COVID-19

American Institute of CPAs (“AICPA”)

• AICPA Cornonavirus Resource Center

Internal Revenue Service (“IRS”)

• IRS – Coronavirus Tax Relief

Stay Informed!