Business Budgeting Considerations for 2021

How to Budget for Your Business in 2021

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 …

Changing Employee Stock Option Plans

Changing Employee Stock Option Plans

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 …

Reorganizing and Restructuring for Professional Practices

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 …

Business Recovery and the SBRA

Business Recovery and the SBRA

Key Business Recovery Considerations and the SBRA The financial impacts of COVID-19 have forced companies of all sizes to make incredibly difficult choices. This includes companies that have historically been quite successful and, by all accounts, were in solid shape coming into the crisis. Arguably the most difficult choices many are facing is how to …

Employee Engagement and Working from Home

Employee Engagement and Working from Home

Employee Engagement in a Work-from-Home Environment – 3 Key Steps As struggles persist in navigating COVID-19, many companies are wavering on plans to return workforces to their places of business. For some, transition to long-term, work-from-home operations may be smooth sailing. For others, especially those who have historically relied heavily on an “in-office” presence to …

PPP Loans: Forgiveness, Timeline, Implications, and Next Steps

Image: calculating the costs and benefits of PPP loan forgiveness

We are at a moment in time that economists, historians, journalists, psychologists, the medical profession, and politicians will be writing about and discussing for decades to come. The sudden and precipitous economic collapse was not caused by a supply and demand imbalance or financial deleveraging as in previous recessions but by an epidemic quickly turned …

COVID Business Planning: Strategic Approaches

Strategic Planning is Imperative to Managing through COVID-19 COVID-19 and the draconian, oftentimes bungled measures taken to mitigate its impact have brought unprecedented challenges to businesses; challenges that they hopefully will never have to face again. While the PPP and Main Street Lending Program have been a lifeline for many, more recent legislative advances signal …

Checklist for Business Reopening and Resumption

This post was co-authored by Teresa Foltz and Christine Roach, Senior HR Consultants for vcfo. In January, the virus that was then impacting China was barely on individuals’ radars in the US. As we too became engulfed by its impact, a massive mobilization ensued across all aspects of society. Businesses were forced to make quick …