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PPP Update: Senate Passes House Bill to Add Flexibility
On the evening of June 3rd, the Senate passed the same bill that the House passed last week (H.R. 7010) to add flexibility to the Payroll Protection Program. It now goes to the President for signing. Extension of time to use PPP funds and qualify for forgiveness from 8 weeks to 24 weeks from receipt of PPP loan or December…Read More -
(Video) PPP: Additional Guidance and a Promise for Upcoming Changes
"https://fahrenheitadvisors.com/staff/all/doug-jones/" target="_blank" rel="noopener noreferrer">Doug Jones and Jay Carpenter highlight the latest guidance on the Paycheck Protection Program and discuss the reality that more changes are expected in the near term. Pending legislation in the House could lead to more changes in the program. Managing your business, not focusing solely on loan forgiveness, is key in these changing times. Let us…Read More -
PPP Update…Still Beneficial to Many, But it Doesn’t Get Any Easier
The Paycheck Protection Program established under the CARES Act has been the hot topic of conversation for the last month…articles, webinars and thousands of hours of discussions and arguments among tax and financial professionals. While we still believe the program will be beneficial to many organizations, the more we learn, the more we understand that the program will generally be…Read More -
COVID-19: CARES Act Paycheck Protection Program Loan Forgiveness Provisions
As companies move beyond the CARES Act Paycheck Protection Program application process, they will turn towards how to calculate the loan forgiveness amount. While the Act has a lot of specifics and some guidance has been issued by the SBA, the SBA has stated several times that it will issue additional guidance. As companies begin to think about how to…Read More -
Current Highlights on the Payroll Protection Program
Fahrenheit Advisors Managing Director, Ben Shealy shares the highlights of the PPP that you need to know. Due to the rapidly changing regulations and program specifics, some items in this post may have changed since the publication date.Read More -
Lessons Learned by a CFO in the 2008 Economic Crisis
Our team has been on the front lines helping organizations through difficult and uncertain times in the past and through this COVID-19 crisis. In this video, Ben Shealy shares his experiences and lessons learned as a CFO in the 2008 economic crisis.Read More -
15 mins with a Fahrenheit CFO: What CEOs need to know to Manage Cash and Survive the COVID Crisis
Doug Jones, Managing Director with Fahrenheit Advisors spends a critical 15 minutes with CEOs discussing what they need to know now to manage cash flow, liquidity and how to plan a strategy to survive the COVID-19 crisis.Read More -
Payroll Considerations Under FFCRA
Please make sure that you are up to speed on the latest payroll procedures, so you don’t overpay your payroll taxes! On March 20, the IRS issued a release on the mechanics of recovering the sick, family and medical leave paid under Families First Coronavirus Response Act (FFCRA) from the IRS. (See our post, "FACT SHEET - The Family First…Read More -
Business Strategy – COVID-19 Quick Tips for Turbulent Times
Cash is King – Know your liquidity position, no matter what! Map out your cash flows for the next 30-60-90 days. Find ways to reel in what you are owed and manage what you pay out. Don’t Panic, but don’t ignore what’s going on around you – Writing down the things that have changed for you and taking your best…Read More -
Are You a Joint Employer?
Companies that use a lot of subcontractors have long awaited clarification of the joint employer rules under the Fair Labor Standards Act (FLSA). Designation as a joint employer is a critical distinction, since joint employers are responsible for payment of wages and compliance with overtime rules. Historically this issue has been most important in the construction industry, where the use…Read More -
Are You a Joint Employer?
Companies that use a lot of subcontractors have long awaited clarification of the joint employer rules under the Fair Labor Standards Act (FLSA). Designation as a joint employer is a critical distinction, since joint employers are responsible for payment of wages and compliance with overtime rules.
Historically this issue has been most important in the construction industry, where the use…Read More -
4 Things to Remember When Searching for the Right Fractional CFO
Having the ability to engage with an experienced fractional CFO may be the solution your company needs to take it to the next level. An experienced CFO can keep the wheels of the business turning, bringing the strategy it needs to be competitive, while offering special project and mentoring assistance, as I explained in my last post, “5 Reasons to…Read More