NFP Speak: COVID-19 Webinar Series - Part 3 - IT & Cybersecurity Risk Awareness

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The document summarizes an upcoming webinar on information technology and cybersecurity risks for non-profits working remotely during the COVID-19 pandemic. The webinar will discuss best practices for remote work, infrastructure to support remote work, cybersecurity considerations, and have a question and answer session. It provides details on the moderator and speakers and encourages participation in a COVID-19 impact survey.

Business

NFP SPEAK
PART 3:
INFORMATION
TECHNOLOGY &
CYBERSECURITY RISK
AWARENESS
CITRIN COOPERMAN’S
NOT-FOR-PROFIT COVID-19
WEBINAR SERIES
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THURSDAY, APRIL 16, 2020
11:00 AM – 12:00 PM EDT
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MODERATOR: Marc B. Sonnenberg
PANELISTS: John Eusanio, David Rosenbaum & Kevin Ricci

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evolution COVID -19 UPDATE
TITLE
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• TBD
WELCOME &
INTRODUCTION
John Eusanio, CPA, CGMA
Partner & Not-For-Profit Practice Leader
Marc B. Sonnenberg, CPA
Partner

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evolution TAKE OUR SURVEY
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In an effort to assist our clients and communities through this
difficult time, Citrin Cooperman's Not-For-Profit Practice Group
is tracking the effects of the Coronavirus (COVID-19)
Pandemic on Not-for-Profits.
The COVID-19 Business Impact Survey should take less than 10
minutes to complete, and the deadline for responses is Friday,
April 24, 2020 at 3:00 pm. Please participate in our survey and
share it with others so we have representative data.

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NFP SPEAK - COVID-19 WEB SERIES
PART 3: INFORMATION TECHNOLOGY & CYBERSECURITY RISK AWARENESS
AGENDA
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• Best Practices for Working Remotely
• Infrastructure to Support Working Remotely
• Cybersecurity Considerations
• Questions and Answers

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NFP SPEAK - COVID-19 WEB SERIES
PART 3: INFORMATION TECHNOLOGY & CYBERSECURITY RISK AWARENESS
KEY REMINDERS / USING ZOOM
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• The webinar is 1 hour and based on your participation.
• You have joined in listening mode only.
• You will have the opportunity to submit questions to our moderator/speakers by typing
your questions into the Q&A icon on the Zoom panel.
• This session is being recorded and a playback link will be sent.

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TITLE
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• TBD
MODERATOR & SPEAKERS
John Eusanio, CPA, CGMA
Partner & Not-For-Profit Practice
Leader
646.979.6091
jeusanio@citrincooperman.com
Marc B. Sonnenberg, CPA
Partner
631.730.5614
msonnenberg@citrincooperman.com
Kevin Ricci, CISA, CISM,
CRISC, MCSE,QSA
Principal
401.567.2113
kricci@citrincooperman.com
David Rosenbaum, MBA
Principal, Technology Consulting
914.693.7000
drosenbaum@citrincooperman.com

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evolution NFP SPEAK - COVID-19 WEB SERIES
PART 3: INFORMATION TECHNOLOGY & CYBERSECURITY RISK AWARENESS
BEST PRACTICES FOR WORKING REMOTELY
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NFP SPEAK - COVID-19 WEB SERIES
PART 3: INFORMATION TECHNOLOGY & CYBERSECURITY RISK AWARENESS
INFRASTRUCTURE TO SUPPORT WORKING
REMOTELY
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evolution NFP SPEAK - COVID-19 WEB SERIES
PART 3: INFORMATION TECHNOLOGY & CYBERSECURITY RISK AWARENESS
CYBERSECURITY CONSIDERATIONS
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PART 3: INFORMATION TECHNOLOGY & CYBERSECURITY RISK AWARENESS
QUESTIONS & ANSWERS
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Part 4: Sustainability & Liquidity in a Crisis
April 23, 2020 – 11:00 am to 12:00 pm EST
Part 5: Resiliency & Moving Forward Successfully
April 30, 2020 – 11:00 am to 12:00 pm EST

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evolution COVID-19 RESPONSE UNIT
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Find constant, real-time access to tax alerts, industry-specific
communications, and recession preparedness tools you can use to help with
your business needs. Please visit our COVID-19 Response Unit at
(www.citrincooperman.com/CRU).

13
evolution ABOUT CITRIN COOPERMAN’S NOT-FOR-
PROFIT PRACTICE
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Citrin Cooperman’s dedicated Not-For-Profit Practice forms collaborative partnerships with
not-for-profit organizations to gain a deep understanding of their missions and drive creative
solutions tailored to their unique needs.
We are committed to your compliance, governance, regulatory, and consulting
needs so you can focus on what counts: your mission.
Our team members are active on boards of local not-for-
profit organizations and national associations. This
enhances our ability to serve our clients and demonstrates
our commitment to providing unparalleled service to the
not-for-profit industry.
To learn more about our Not-For-Profit Group and the
services we provide, please click the following link
https://www.citrincooperman.com/industries/not-for-profit.

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evolution ABOUT CITRIN COOPERMAN
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THANK
YOU
evolutionwww.citrincooperman.com
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The document discusses when privately-held companies should consider establishing an advisory board and the value they can provide. It notes that advisory boards, unlike fiduciary boards, do not have legal duties and their votes are non-binding. The benefits of advisory boards include helping with business development, filling executive skill gaps, providing objective insights, and driving strategy. It recommends treating an advisory board similarly to a public company board by setting meeting schedules far in advance, having clear agendas, respecting members' time, and keeping minutes if there are multiple shareholders.

C-Suite Snacks Webinar Series: Prepping Your Company's Financials for Sale

Citrin Cooperman

This document provides an overview of the steps needed to prepare a company's financials for sale. It recommends building an advisory team that includes investment bankers, accountants, and a financial reporting team. It discusses quantifying adjusted EBITDA and net working capital, which are key metrics that will be validated and negotiated with potential buyers. The document outlines adjusting the financials for non-recurring and owner-related expenses to present an accurate view of the business's earnings ability. With the financials prepared, the next steps are marketing the business and guiding it through the buyer's due diligence and deal closing processes.

Preparing for the New Lease Accounting Standard

Citrin Cooperman

Lease Accounting: Preparing Your Business for 2022

Citrin Cooperman

Making a smooth transition to the new lease accounting standards and putting new practices in place for the future is a top priority for any business as they plan for 2022. During this webinar session, we reviewed how you can handle and prepare to navigate your business through the new lease accounting standards. Topics included: - What private companies should think about for 2022 - How the lease accounting standards can impact your financial statements, financial covenants, and taxes - Identifying opportunities for your business due to the new lease accounting standards

High Net Worth Webinar Series - Tax Planning and Update for 2022

Citrin Cooperman

C-Suite Snacks Webinar Series: The Talent Wars - Can Benefits Be Your Secret ...

Citrin Cooperman

This webinar discusses how companies can use benefits as a secret weapon to win the talent wars. It covers open enrollment and employee engagement strategies like using technology for enrollment, communications, and year-round support. Meeting human capital demands through multi-generational benefits is discussed. Cost containment and trending benefits strategies include risk financing options, chronic condition management, and consortium programs. Trending benefits include mental health, telemedicine, student loan repayment, and more. Questions are taken at the end.

High Net Worth Webinar Series - The Business of Digital Assets & Blockchain

Citrin Cooperman

High Net Worth Webinar Series - Estate Planning Strategies and Updates

Citrin Cooperman

There’s much uncertainty in the world of estate planning for high net worth individuals and their families. With numerous legislative proposals that would drastically alter the current estate planning landscape, listen in as our Trust and Estate Services Practice team discusses: various proposals, including those in Congress and the Biden Administration’s Green Book, estate and gift planning strategies for the remainder of tax year 2021, and more.

Showtime for Shuttered Venue Operators Grant (SVOG) Recipients

Citrin Cooperman

C-Suite Snacks Webinar Series: A Year Like No Other - Manufacturing and Distr...

Citrin Cooperman

Our second annual Manufacturing and Distribution Pulse Survey Report explores the impact of the pandemic on the industry, and how businesses have pivoted to survive, including managing new product offerings, technology implementation, and supply chain disruptions. During this webinar session, we discussed how 200 leaders of M&D companies, ranging from $20 million to over $1 billion in revenue, responded to our survey. Topics included: • How COVID-19 has accelerated the 4th Industrial Revolution • Product sourcing changes • Business pivots and what made them successful

Manufacturing & Distribution Update: The Economic Impact on the Industry

Citrin Cooperman

High Net Worth Webinar Series: SALT Thoughts - Pass-Through Entity Taxes & Re...

Citrin Cooperman

During this webinar, we discussed how to potentially mitigate the impact of the state and local tax (SALT) cap at the federal level. New York State has joined the list of states that have enacted an elective pass-through entity tax in an effort to do just that. We also dove into the possibility of changing residency to a low-tax or no-tax state. With state tax rates on the rise in some places and the realization that remote work is doable, many individuals are contemplating making a move. To succeed in making a change like this, one must be aware of the technical rules and be willing to significantly adjust one’s life. We talked through all these considerations.

The New Rage in SALT: State Pass-Through Entity Tax

Citrin Cooperman

Several states have enacted pass-through entity taxes in response to the $10,000 SALT deduction cap under the Tax Cuts and Jobs Act. New York, New Jersey, Maryland, Rhode Island, Connecticut, and California allow pass-through entities like partnerships and S corporations to elect to pay a tax on state-source income, with owners then receiving a credit. Key considerations for these taxes include tax rates, estimated payment requirements, utilization of credits, and impacts on tiered structures.

C-Suite Snacks Webinar Series: What's Your IP Worth? Discovering the Value of...

Citrin Cooperman

Sign up for our weekly C-Suite Snacks webinars here: https://www.citrincooperman.com/infocus/c-suite-snacks Our C-Suite Snacks webinar series provides the middle market with brief, strategic, and tactical business improvement information for 30 minutes every week. Join Citrin Cooperman live every Thursday at noon for snack-sized insights for business executives. Every day brings news of a new music catalog sale, strategic piece of intellectual property purchased by a large company or private equity firm, or major transaction of a patent-driven business. During this C-Suite Snacks webinar session, we discussed which intangible assets and intellectual property are commanding the highest prices and what is behind the value of these assets. Key takeaways included: - An overview of what drives IP value - COVID-19 impacts on IP value - Current IP value trends

C-Suite Snacks Webinar Series: Best-In-Class Finance and Accounting: Should Y...

Citrin Cooperman

This document summarizes a webinar on choosing between buying or building best-in-class finance and accounting functions. It discusses that finance excellence has four dimensions: strategy, process, talent, and technology. It also outlines assessing the current state, conducting cleanup, and stabilizing operations before transforming. The path includes assessing costs and controls, conducting cleanup to ensure accurate historical data, and options for stabilization including internal rebuilding, outsourcing, or a hybrid model. Finally, it compares considerations for fully building the function internally versus buying services externally or using a hybrid approach.

C-Suite Snacks Webinar Series: Not Sold on Selling Your Business? Why Now is ...

Citrin Cooperman

Sign up for our weekly C-Suite Snacks webinars here: https://www.citrincooperman.com/infocus/c-suite-snacks Our C-Suite Snacks webinar series provides the middle market with brief, strategic, and tactical business improvement information for 30 minutes every week. Join Citrin Cooperman live every Thursday at noon for snack-sized insights for business executives. The recently proposed tax provisions in the Biden Administration’s American Families Plan should provide substantial incentives for business owners to discuss the creation of an Employee Stock Ownership Plan (ESOP). During this C-Suite Snacks webinar session, Howard Klein and Heather Oboda covered more about ESOPs, including: - An overview of what an ESOP is including financial and non-financial benefits - The common misconceptions about ESOPs - How the current tax proposals make an ESOP more attractive

MasterSnacks: Cybersecurity - Disaster Recovery: Hoping for the Best but Plan...

Citrin Cooperman

Sign up for our weekly MasterSnacks courses here: https://www.citrincooperman.com/infocus/mastersnacks MasterSnacks, our C-Suite Snacks spin-off, brings you a series of topic-specific courses, using our snack-sized sessions to go in depth on content important to you. Join MasterSnacks live every Wednesday at noon for live exclusive sessions. Since a disaster is more a matter of “when” and not “if,” it’s critical to have a plan in place to ensure a rapid recovery. Whether it’s a natural cataclysm or a human-made catastrophe, having actionable, tested steps in place to recover could mean the difference between a brief outage and weeks of downtime. During session 2, we covered disaster recovery planning. Key takeaways included: - Knowing the key components to include in a plan - Understanding Recovery Time Objective (RTO) and Recovery Point Objective (RPO) - Differentiating between disaster recovery, business continuity, and incident response plans

C-Suite Snacks Webinar Series: Mise en Place: Ensuring the Success of Your Bu...

Citrin Cooperman

Sign up for our weekly C-Suite Snacks webinars here: https://www.citrincooperman.com/infocus/c-suite-snacks Our C-Suite Snacks webinar series provides the middle market with brief, strategic, and tactical business improvement information for 30 minutes every week. Join Citrin Cooperman live every Thursday at noon for snack-sized insights for business executives. While restaurant owners are taking precautionary health measures to protect their staff and customers, reopening may require a difference business approach altogether. Many realize that customer needs and expectations have shifted, and it is imperative for these owners to adjust to the new reality in order to succeed. During our C-Suite Snacks webinar session, we covered how to set your business up for success in order to thrive going forward. Key takeaways included: - Leveraging on landlords and new lease options - Rethinking operations and e-commerce expectations - Minding your PPPs, RRFs, SVOGs, and ERTCs - Strategies for cash flow and revenue streams

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