This article is co-authored by Chris Hysinger, Consulting CFO, and Kelly Wells, Senior HR Consultant. The American Rescue Plan Act (ARPA) became effective on April 1, 2021 and extended federal reimbursement provisions that were put in place by the Coronavirus Aid, Relief, and Economic Security Act. Included among ARPA’s many provisions were significant updates to …
Category Archives: Finance
13
May
May
This post is co-authored by Ashford Chancelor, Dallas Practice Manager & Consulting CFO with vcfo, and James Savage, CEO at Kingsbrae Global, a corporate brand reputation and communications firm based in Dallas. How Businesses Can Navigate Crisis to a Path of Prosperity In a previous blog, we wrote about the four historical cycles, described in …
19
Apr
Apr
Healthcare systems have long been challenged to optimize the collection of payments for the care they provide to patients. As demands on healthcare systems have markedly increased in recent years, so too has the importance of effective healthcare revenue cycle management (HCRCM) practices. Still, surprisingly few organizations have a good handle on HCRCM while most …
27
Jan
Jan
This post is co-authored by Ellen Wood, Chris Hysinger, Jennifer Lennarz, and Regina Walters. Paycheck Protection Program (PPP) Updates – Key Components and Considerations In January of 2021, the U.S. Small Business Administration (SBA) resumed and expanded its Paycheck Protection Program (PPP) as part of the Consolidated Appropriations Act (CAA). This opens up new funds …
23
Nov
Nov
While living in Washington, DC in the nineties, I was introduced to a book that hit me like a brick and provided clear context for everything that was happening in the world around me. That book was The Fourth Turning, by William Strauss and Neil Howe. It held that events which many times appear unrelated …
29
Oct
Oct
At start-up and in the earliest stages of operation, most companies understandably approach the accounting and finance side of their business from a basic bookkeeping perspective. As a business grows, however, so too does the need for more advanced accounting practices and financial insight. In most cases, adding responsibilities requiring a higher level of experience …
06
Oct
Oct
This post is co-authored by Ellen Wood and Chris Hysinger. Access to Working Capital – Understanding the Options and Improving the Odds Compounding the COVID-19 crisis, banks have tightened available capital and lines of credit for borrowers, especially for small to medium sized businesses. Other working capital programs have completely cut off virtually all their …
24
Sep
Sep
This post was co-authored by Carter Freeman, Vice President – Western Region, and Chris Hysinger, Consulting CFO. Business Budgeting Considerations for 2021 and Beyond Nobody saw 2020 coming when organizations put their budgets together in late 2019. As we enter the budgeting cycle for 2021, there is no clear picture of what the sustained new …
10
Sep
Sep
Assessing and Adjusting Employee Stock Option Plans Granting stock options to employees is an excellent way to align effort with results for the company and the employee. Not to be confused with employee stock ownership plans (ESOP), used to transition complete ownership of a company into the hands of the employees, an employee stock option …
03
Sep
Sep
Reorganization and Restructuring Options for Professional Practices In previous weeks, we’ve written about a new business recovery tool, SBRA, Subchapter V of Chapter 11. We have explored reorganization and restructuring scenarios that some businesses are facing as a result of COVID-19. Perhaps you see yourself in one of our examples and can visualize how using this …