News

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...

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...