News
Hardesty LLC Supports Global Investment Advisor, KKR, with Interim CFO
Hardesty, a national executive services firm, was called on recently to provide an interim CFO to KKR’s Fleet Farm. Fleet is a Midwestern, value-based retailer of lifestyle merchandise serving DIY, outdoor, and active families. Fleet’s revenues currently exceed $1.5B....
House passes bill to extend 8-week period to spend PPP loans and alter the 75% rule
HARDESTY TIP PPP 8 - week period is extended and the 75% rule reduced - As we reported rumors, we had heard earlier, in the last Hardesty Tip, today Congress, in a bipartisan vote 417 to 1, passed a bill to extend the PPP 8-week period to 24 weeks and reduce...
Begging for Forgiveness – Part 2
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...
A COVID Success Story
Hardesty LLC is well positioned to assist clients for full spectrum CFO responsibilities. Recently, a CPG client engaged Hardesty Partner, Don Hahn, to manage the fiscal audit incorporating the first year of acquisition by the Company's investment sponsors. The...
AICPA Challenges – PPP Rules for Forgiveness
HARDESTY TIP There are many challenges to the PPP rules. Since each bank will determine how the rules are applied, it is important to have the most current information when your forgiveness amount is calculated. The latest to challenge these rules is the AICPA. Some...
Another Successful Sale Facilitated by Hardesty
When excellent advisors are engaged by companies without the necessary infrastructure to efficiently execute an M&A transaction, they know where to reach out for assistance - Hardesty, LLC. Our partners have successfully assisted 100’s of companies through this...
Prepare to Re-Open
HARDESTY TIP Start preparing now to re-open. This will be the largest economic event of our lifetimes. Strategically plan your re-opening or ramp back up. Key Tips Stakeholders Discussions – get ahead of there- opening and start discussions. It is important to...
Highlights of New Interim Final Rule
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...
COVID-19 Healthcare Management Update
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....
Hardesty Fractional CFO Support
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,...
SBA Frequently Asked Questions
HARDESTY TIP SBA publishes Frequently Asked Questions (FAQ) List Key Tips Gross Payroll – gross employee wages including holiday, sick and vacation pay Benefits - can be added in addition to $100,000 per employee wage limit Payroll Tax – can be included except...
COVID19 Financing Checklist
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...
Want to participate in the new SBA Loan Programs? Need Help? HARDESTY CAN HELP!
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...
2020 Healthcare Policy Changes in Light of COVID-19
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...
Revenue Recognition Rules & Working with your Auditors – Private Company Focus
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...
Hardesty Leads Healthcare Panel for the 8th Consecutive Year at ACG Capital Connection
The ACG SoCal Capital Summit continues to grow; Now in its 8th year. The Hardesty Sponsored, Healthcare Breakout Session was standing room only as healthcare continues to be a dominant driving force of our economy. Next year a larger room will be mandatory. Hardesty...
Hardesty Admits Stan Augustine to Orange County Practice
Prior to joining the firm, Stan spent over 30 years in the healthcare industry that includes serving as CFO for the House Ear Clinic and House Ear Institute. Stan is a transformational healthcare leader committed to financial performance and organizational development...
Hardesty Admits New Partner, Brian Donnelly, to Northern California Practice
Prior to joining the firm, Brian was serving in fractional CFO/COO roles for multiple companies, most recently with a Managed IT services firm and two construction companies. Over the previous nine years, Brian has assisted 15 companies in a variety of industries,...
Join Us In Welcoming New Northern California Partner, Ron Lacey
Ron Lacey is a Northern California Partner at Hardesty, LLC, providing a variety of executive and operation roles, COO/CFO for semi-conductor start-up, CFO for private-equity owned equipment manufacturer, VP Finance for VC funded start-ups, raised $50M in VC...
Join us in welcoming, George Oliva, to our Northern California practice
George Oliva is a Partner in the Northern California office of Hardesty. He has over 30 years of financial and accounting experience primarily in high technology companies. George's experience includes serving as CFO for both public and venture backed companies....