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  Paycheck Protection Program Loan Forgiveness Application Instructions for Borrowers Paycheck Protection Program Loan Forgiveness Application
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HARDESTY TIP Prepare for the forgiveness process.  Think of this like loan diligence.  Word on the street is that this process may be subcontracted out to CPA firms.  So, companies may have a comprehensive review with the touch and feel of an audit or tax review. SBA latest Information Includes: Loans – FAQ’s (SBA latest info as of...
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HARDESTY TIP FAQ’s just released by the SBA, it was stated they will Presume Good Faith for loans under $2 million. SBA Defines Safe Harbor Rules When submitting a PPP application, borrowers certified that the need for a PPP loan is necessary to support the borrower’s ongoing operations because of the impact of current economic conditions....
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Payroll Treatment for Schedule C Type Businesses, Partnerships, & LLC’s HARDESTY TIP   When Funds Become Available…. The Small Business Administration distributed additional Q&A on Tuesday to clarify how to treat Schedule C type businesses, partnerships and LLCs in PPP Loan applications. Many businesses are organized as partnerships or limited liability companies and the rules...
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This is the launch of a new Hardesty series focused on Healthcare Management – Best Practices, Tips, Trends, and Innovation.  Initially, we will highlight changes related to operational management in both patient service and product development in the COVID-19 era.   TeleHealth Audit Checklist With the rapid changes to TeleHealth practices during the COVID-19 pandemic, now is the...
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Hardesty is providing tips on a complimentary basis to our client’s network.With the help of these tips, most of our clients can complete the initial filing themselves.  Some of our clients need additional help. If you need more expansive support with your filing, consider Hardesty experienced CFO Partners To support your PPP process For EIDL underwriting...
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COVID-19 FINANCIAL STIMULUS APPLICATION STRATEGIES IS YOUR BANK ANSWERING THE PHONE? (PPP) DID YOU REQUEST YOUR $10,000? (EIDL) A. Hardesty Tips 1. PPP  File with your Bank – Request the link/forms and upload with your bank Loan Amount = Average monthly payroll/benefits x 2.5 (excludes 1099s and annual salaries in excess of $100,000/year) Loans up to $10M,...
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Hardesty’s CFO Partners have been heavily involved in the banking and lending industry from both the lender and borrower side of the table.   Our partners have been involved in the procurement in over $10 billion of loans. We are well equipped to assist companies take advantage of the various SBA Loan Programs including  the Disaster...
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All of us on the Hardesty team hope you and your family are well as you deal with the COVID-19 pandemic.OCHFN Goes Zoom! In a Zoom version of Orange County Healthcare Financial Network (“OCHFN”) Michael McKinnon, Partner at Sheppard Mullin, presented, Friday the 27th, a comprehensive review of both: The legislation passed by the U.S. Government to...
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INTRODUCTION The new revenue recognition standard as outlined in ASC 606 “Revenue from Contracts with Customers” became effective for private companies in 2019. The consensus amongst accounting firms and financial executives is that the new regulation is the biggest accounting change since Sarbanes-Oxley. Whose impacted today: (1) Companies (and their auditors) planning their 2019 financial...
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About Us

Founded in 2011 by Karl Hardesty, a respected leader in executive talent solutions for the CFO suite, Hardesty LLC provides best-in-class senior leadership to growing companies through its nationwide network of offices. As the firm continues to grow, the Hardesty network has added top professionals at the CEO, COO, CIO and VP HR levels to complete the full suite of senior executive talent we make available to clients.