DISASTER RECOVERY

Natural Disasters Can Affect Your Financial Statement, Too

Natural disasters can have financial implications for business owners over months, years, and even decades. Companies are expected to follow regulatory guidelines in all circumstances, including — and especially — in the aftermath of a natural disaster. Although the expectations are plainly written into the guidance, many companies are unfamiliar with the key points. Four [...]

Need Relief After a Disaster? No Quick Fixes, But You Have Options

Natural disasters are costly to just about every taxpayer, but individuals are often hit the hardest. Many are faced with the costs of repairing or replacing personal assets, and some even lose their jobs. When infrastructure fails, businesses close and temporarily (or permanently) lay off their workers, and individuals struggle to make ends meet. While [...]

2019-07-19T10:59:25-04:00July 16th, 2019|DISASTER RECOVERY, INDIVIDUAL PLANNING|

Understanding Terms Found in Common Business Interruption Policies

Hurricanes and other disasters – floods, earthquakes, tornadoes, and even cyber attacks or power outages – can cause devastation to businesses and disrupt their operations. Business owners who have had to close shop due to an unexpected disaster should review their commercial insurance policies to determine if they have a business interruption rider. While reviewing [...]

2018-12-03T12:00:11-04:00October 9th, 2017|BUSINESS CONSULTING, DISASTER RECOVERY|

Why Donating to Disaster Relief Can Have Optimal Tax Benefits

If you were fortunate enough to have not been impacted by hurricanes, tornadoes, wildfires, or other natural disasters this year, then why not consider making a charitable donation to the victims? There are several “smart” ways to make a contribution that will help provide disaster relief and also get you tax deductions and other rewards for your [...]

2018-11-12T15:44:02-04:00October 3rd, 2017|DISASTER RECOVERY, INDIVIDUAL TAX|

Business Interruption Claims Can Help Businesses “Resume Flight” Following Unexpected Disaster Delays

If you’re traveling somewhere by airplane, perhaps one of the worst things that can happen to you at the airport is missing your scheduled flight. Your two big questions are probably: When can I get on the next flight and resume my journey? and, How much money is missing that flight and getting on a [...]

2018-11-12T15:44:04-04:00October 1st, 2017|BUSINESS CONSULTING, DISASTER RECOVERY, OCTOBER 2017|

Disaster Recovery: Protect Your Assets With the Right Insurance

When a disaster of any kind damages a home or a business, the owners’ first reaction may be to reach for something that makes them feel protected. We have compiled a number of insurance policy options that individuals, businesses, or both can purchase to protect themselves from property damages, business interruptions, or other losses due [...]

2018-11-12T15:44:05-04:00September 29th, 2017|DISASTER PREPARATION, DISASTER RECOVERY, INDIVIDUAL PLANNING|