I do not think that anyone expected the devastation that the coronavirus (COVID-19 pandemic would bring to our nation and the world. Everyone has been impacted in one way or another.
Less than three months ago we were enjoying a booming economy and job growth. Many companies are now in financial trouble and millions of people are unemployed. Although the federal government has pumped trillions of dollars into the economy, it is expected that countless companies will never completely recover.
In this issue of MCC Construction Zone we look at how COVID-19 has impacted the construction industry, best practices for leading your people and organization through the pandemic, the treatment of net operating losses due to COVID-19, and the impact on your financial statements. Finally, we introduce you to Elizabeth Rose who has been instrumental in getting things done for clients and team members during the coronavirus.
Marty McCarthy, CPA, CCIFP
In this issue: