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Saturday, 25 April 2020

HHS Stimulus Funding: Additional Allocations and Updates

Written by Don McAnelly, CPA/ABV, CGMA

The U.S. Department of Health and Human Services announced this week additional allocations for the $100 billion being distributed to hospitals and other healthcare providers on the front lines of the coronavirus response. Here’s the latest information on these funds, part of the Provider Relief Fund that is a component of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)...

Published in COVID-19
Saturday, 25 April 2020

What to Know About HHS Payment Eligibility, Distributions and Special Conditions

Written by Don McAnelly, CPA/ABV, CGMA

The U.S. Department of Health and Human Services (HHS) continues to release $100 billion in relief funds to hospitals and other healthcare providers on the front lines of the coronavirus response. These funds are part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)...

Published in COVID-19
Monday, 27 April 2020

SBA Loan Program Now Available to Growers

Written by The Rehmann Team

Updated on April 24, 2020 While growers initially were unable to benefit much, if at all, from federal relief efforts aimed at helping businesses impacted by the COVID-19 pandemic – namely, the Economic Injury Disaster Loan (EIDL) and Paycheck Protection programs – new legislation now allows farmers to receive funding. Legislation signed by President Trump today, April 24, 2020, opens up EIDL loans to growers. Although EIDL doesn’t feature the forgiveness provisions of the Paycheck Protection Program, these loans remain a good option for farmers. Here’s why: The interest rates are low – 3...

Published in COVID-19
Tuesday, 21 April 2020

Five Considerations to make during COVID-19

Written by Keith Harder, Principal and Financial Advisor, Mark Spaak, Senior Manager, and Ryan Sullivan, Principal And Managing Director, Rehmann Financial

As we grapple with the impact of COVID-19 on the economy, employment and federal and state policy, clear direction is needed to inform a long-term path forward. At Rehmann, we are here to provide solutions and help the community navigate this uncertainty. In response to clients’ common concerns and questions, Rehmann developed a robust online COVID-19 knowledge center. We have also identified five tips to consider as you weather the current climate...

Published in COVID-19
Tuesday, 21 April 2020

Client spotlight: West Michigan Partnership for Children

Written by The Rehmann Team

West Michigan Partnership for Children, Kristyn Peck, CEO The West Michigan Partnership for Children (WMPC) is the first performancebased foster care service delivery model in Michigan. It places children removed from their homes due to abandonment, abuse, or neglect in safe, family-like settings with culturally responsive and trauma-informed services. How does Rehmann help empower your purpose? Rehmann helped set up our IT infrastructure and still manages it...

Tuesday, 31 March 2020

Tech Tips to Stay Safe During COVID-19 Crisis

Written by The Rehmann Team

Even as the coronavirus (COVID-19) outbreak affects us in unprecedented ways, scams persist. For instance, hackers are now resorting to emails and apps claiming to provide information on the COVID-19 outbreak to fool victims into installing malware on their devices. Unfortunately, phishing emails have spiked by over 600% since the end of February, and in March, 10X Genomics was hit with a ransomware attempt. Even videoconferencing, which is being used more than ever, has become a potential avenue for hackers...

Published in COVID-19
Tuesday, 21 April 2020

How Outside Expertise Can Propel Growth

Written by Sandra Shecter, CPA, CGMA Mark Spaak, VCIO Marie Shebuski, MBA, ERPA, QPA, QKA Susan West, SPHR, SHRM-SCP

Business moves fast. It can be tough for organizations (especially smaller ones) to keep up, much less grow. But this is where outside expertise can help. It supplements your firm’s capabilities and provides access to experts in many fields, which can enable growth...

Published in Business Consulting
Tuesday, 21 April 2020

Client spotlight: Simmons Floors

Written by The Rehmann Team

Scott Gaulden, Vice President and General Manager, Simmons Floor Covering At Simmons Floor Covering, making clients happy is a team effort. With the help of accounting expertise, the number of satisfied customers has grown. What brought you to Rehmann? We had some tax concerns and wanted a line of credit...

Tuesday, 21 April 2020

Building your firm for the future

Written by Randy Rupp, CPA and Stacie Kwaiser, CPA

The pace of change is faster than ever and it’s only getting quicker. Consider how long it took these products and services to gain 50 million customers: Automobiles: 62 years Credit cards: 28 years  Mobile phones: 12 years Facebook: 3 years Pokemon Go: 19 days We’ve gone from decades to days. Soon it will be hours. Rapid change forces organizations to be more proactive and forward-thinking...

Published in Business Consulting
Tuesday, 21 April 2020

Financial Services: A Closer Look at Loan and Lease Losses

Written by Liz Ziesmer, CPA, CBA

As the global pandemic continues to significantly affect businesses’ bottom lines and individuals’ pocketbooks, financial institutions are grappling with the impacts on accounting and financial reporting – specifically, what the devastation wrought by COVID-19 means for their first quarter allowance. Here’s what banks, credit unions, investment companies, brokerage firms, insurance companies, mortgage companies and other financial institutions should keep in mind during these tumultuous times. Incurred- vs. Expected-Loss Models Under the incurred-loss model, the estimation of credit losses refers to an estimate of the amount of loans an institution will not be able to collect under certain circumstances...

Published in COVID-19
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