March 2020 Forensic & Valuation Insight

Newsletter

Dear Clients, Colleagues and Friends,

As we continue to monitor Coronavirus (COVID-19) developments closely, Shilts CPA is doing everything we can to ensure the health and well-being of our employees, clients, and surrounding communities while also delivering reliable service to our clients.

As your trusted service provider, we also understand that limiting any impact this health event could have on our service to our clients is imperative. We are keenly focused on our preparedness efforts to maintain a safe work environment for our associates and to sustain our business operations.

As such, we have implemented the following:

  • Enabling work from home capabilities within impacted regions if/when it is needed
  • Providing our employees with information and best practices to prevent the spread of any illness
  • Limiting all non-essential business travel

We have also made plans to continue operating our business normally, which means our professionals will be available to you without service interruption whether they are working in our offices or remotely. We also provide our clients with several highly secure ways to send us documents electronically (ex. Citrix Share File, OfficeTools Client Portal).

Just like you, we will continue to monitor this fluid situation and adhere to all recommendations from the World Health Organization, U.S. Centers for Disease Control and Prevention, and local authorities.

We hope you find this month’s newsletter informative and insightful. Please reach out to us with any questions or concerns – we’re here to help.

Josh Shilts, CPA/ABV/CFF/CGMA, CFE

Some of the articles and content we want to make you aware of are

  1. Coronavirus (COVID-19) – Business Interruption and Insurance Claims – Among the problems surrounding the Coronavirus (COVID-19) outbreak is to what degree your business may be affected by disruptions to it’s activity.  If you incur a cease in operations and/or damages navigating the insurance process can be overwhelming. The professionals and Shilts CPA can assist you in getting through this difficult time. Stay safe and please let us know if you have any questions.  Click here to learn more.
  2. Would Insurance Policies Cover Losses Related to Coronavirus? – Losses related to coronavirus could be covered under different insurance, but circumstances and policy language are paramount.  As health authorities work to contain the spreading coronavirus (COVID-19) and organizations bolster resilience plans, questions often arise about whether insurance would cover COVID-19 losses… Click here to read more.
  3. Supreme Court Reviews Damages Issue in Trademark Infringement Case – The U.S. Supreme Court recently heard arguments in a trademark infringement case that turns on whether the plaintiff, in order to obtain the infringer’s profits, has to show willful infringement by the defendant. Courts of Appeals are currently split on whether willfulness is a precondition under the applicable section of the Lanham Act, which… Click here to read more.
  4. Strafford | Continuing Legal Education – Half Off Faculty Offer – We are pleased to announce that our very own Josh Shilts will be speaking in an upcoming Strafford live webinar, “Divorce Cases: Uncovering Critical Information in Tax Returns and Financial Statements” scheduled for Thursday, April 30, 1:00pm-2:30pm EDT. Because of your affiliation with our Firm, you are eligible to attend this program at half off. Please use the links in this email in order to have the offer reflected automatically in your cart. Our panel will provide family law counsel with strategies to utilize tax returns and financial statements during divorce cases. The panel will focus on appropriate discovery methods to obtain information, explain how to get the most out your analysis of tax returns and financial documents, and outline the best approaches for using financial experts. After our presentations, we will engage in a live question and answer session with participants so we can answer your questions about these important issues directly. I hope you’ll join us.  For more information or to register click here or call 1 (800) 926-7926. Ask for Divorce Cases: Tax Returns and Financial Statements on 4/30/2020 and mention code ZDFCA.

Any advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.