Gain answers to your questions about coronavirus (COVID-19) and how it will impact you and your business from our advisors via our Coronavirus Resource Center.
As the Coronavirus (COVID-19) pandemic continues to spread, its impact on businesses and individuals has been significant. Stay up-to-date on the latest news with this Coronavirus Resource Center as your go-to resource for expert commentary, news and other resources. Bookmark this page to check back regularly for updates.
If you have any questions or concerns, please contact our advisors. We stand ready to help!
With the country now in the midst of what is being referred to as a global pandemic, learn more about how Doeren Mayhew is taking precautions regarding COVID-19.
Will I Get a CARES Act Economic Impact Payment?
Get the answers to the most commonly asked questions surrounding this new stimulus incentive.
Governor Whitmer Clarifies How Executive Order Applies to Construction Industry
Read Governor Gretchen Whitmer’s response regarding the permissibility of specific construction projects in Michigan.
CARES Act Passes to Support Economy During COVID-19 Pandemic
On March 27, 2020, President Donald Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) into law, which is aimed at providing significant tax and non-tax stimulus to individuals and businesses. Get the highlights of the new legislation in this article.
Michigan Extends April 15 Tax Deadline
Michigan Governor Gretchen Whitmer has signed an executive order extending the state tax filing and payment deadline amid the coronavirus pandemic from April 15, 2020 to July 15, 2020. Learn more about the delayed deadline.
Proposed CARES Act to Provide Relief to Individuals and Businesses
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) has been passed by the Senate and is expected to be passed by the House. Learn how this new act can help you and your business weather the COVID-19 pandemic.
Fannie Mae Introduces Payment Deferral
A new Lender Letter has been issued by Fannie Mae introducing payment deferrals designed to assist eligible borrowers who have recently resolved a temporary hardship and resumed payments, but cannot afford the full reinstatement. Read a summary of the new letter by our Financial Institutions Group.
Oakland County Requires Employee COVID-19 Screenings
Oakland County Executive David Coulter has put an executive health order in place requiring COVID-19 screening procedures for employees of essential businesses and implementing social distancing protocols for employees and customers. Learn more about the executive health order.
5 Things Small Businesses Should Know About COVID-19 Disaster Loan Relief
As part of its Economic Injury Disaster Loan Program, the U.S. Small Business Administration (SBA) is providing low-interest working capital loans to small business owners affected by COVID-19. If you are interested in pursuing an SBA loan, here are five things you’ll need to know.
COVID-19 Creates Opportunities for Low Tax Cost Wealth Transfers
COVID-19 is creating quite a disruption in our national and local economies, as well as market and interest rates. However, there is one area where taxpayers can use this disruption as a tax benefit: wealth transfers. Gain insight into the factors causing this opportunity.
Fannie Mae Issues Lender Letters Regarding COVID-19
At the direction of the Federal Housing Finance Agency (FHFA) and in alignment with Freddie Mac, Fannie Mae (FNMA) published multiple Lender Letters to enable servicers to better assist borrowers impacted by COVID-19. Learn more about these new letters by reading a summary from our Financial Institutions Group.
Pandemic Planning Aspects Credit Unions Need to Be Aware Of
In response to the ongoing economic effects of COVID-19, the Federal Financial Institutions Examination Council has issued additional guidance on pandemic planning for credit unions. Gain insight into how to effectively evaluate your continuity plan and ensure your data is secure.
IRS Issues Guidance on Tax Deadline and Payment Extensions
In response to the Department of Treasury’s decision to move the tax filing deadline to July 15, 2020, the Internal Revenue Service issued Notice 2020-18. Learn more about the guidance provided for the federal filing and payment extension.
Community Reinvestment Act Offers Favorable COVID-19 Treatment
Banks modifying loans, waiving fees and helping communities in the wake of the economic crisis caused by the Coronavirus (COVID-19) will receive credit for these activities under the Community Reinvestment Act (CRA). Gain insight into the new act.
Loan Modification Guidance Amid Coronavirus Pandemic
An interagency statement has recently been issued to financial institutions working with borrowers affected by the Coronavirus (COVID-19). Learn more about the guidelines of the new statement.
U.S. Tax Filing Deadline Pushed to July 15
U.S. Secretary of Treasury Steven Mnuchin announced today the tax deadline for U.S. taxpayers will be extended to July 15, 2020. Gain insight into the decision.
HUD Offers 30-Day Extension on Financial Statements
The United States Department of Housing and Urban Development (HUD) issued approval for a 30-day extension for all financial statements having a due date of March 31, 2020 due to the novel COVID-19 virus outbreak. Learn more about the extension in this article.
Guidance for Michigan Employers Contemplating Layoffs During Coronavirus Outbreak
The Department of Labor and Economic Opportunity has provided guidance to Michigan employers on ways to avoid potential layoffs related to COVID-19. Explore the options they propose in this article.
Texas Contractors Response to Executive Order
Read a combined response from various Texas construction associations to Governor Abbott’s recent Executive Orders.
4 Ways to Mitigate Cyberattacks Amidst Growing Coronavirus Concerns
As organizations navigate the growing concerns of the novel Coronavirus (COVID-19), cybercriminals are capitalizing on the opportunity to compromise companies and user data. Doeren Mayhew shares 4 ways to mitigate cyberattack amidst the outbreak.
Families First Coronavirus Response Act Signed into Law
President Trump signed into law the Families First Coronavirus Response Act, after overwhelming approval by the Senate, to help aid Americans impacted by the Coronavirus (COVID-19) virus sweeping the United States. Read more to learn about the paid leave measures and employer tax credits.
SBA Offers Disaster Assistance in Response to COVID-19
The U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital and to overcome the temporary loss of revenue to small businesses in designated states and territories as result of COVID-19. Gain insight on the loan offering and qualified areas.
Government Postpones Tax Payment Deadlines by 90 Days
The U.S. government and Trump administration announced they have postponed the Apr. 15 tax payment deadline giving taxpayers another 90 days to pay their 2019 income-tax bills. Learn more about the new deadline.
Credit Unions Provided Unprecedented Flexibility in Serving Members in Response to Virus
The National Credit Union Administration (NCUA) issued a letter encouraging credit unions to work with members by providing a measure of relief while coping with the COVID-19. Read more to find out what this includes.
Proposed Coronavirus Relief to Hit Senate Floor This Week
Several arms of the federal government have taken, or are weighing, significant steps to help the country deal with the spread of the COVID-19 and the implications for individuals and businesses. Learn more about the bipartisan bill expected to be taken up by Senate this week.
Centers for Disease Control and Prevention
Health and Human Services
World Health Organization
Internal Revenue Service Coronavirus Tax Relief
American Medical Association
United States Department of Labor
Federal Emergency Management Agency
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