The Thomas Howell Ferguson Blog

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THF Congratulates Chandler Russell on joining the InfraGard North Florida Members Alliance Board of Directors

THF congratulates Chandler Russell on joining the InfraGard North Florida Members Alliance (InfraGard) Board of Directors. The mission of InfraGard North Florida is in alignment with the InfraGard National program. In short, their core goal is to continue partnerships between private industry, the public sector, the Federal Bureau of Investigation (FBI), and other government agencies […]

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Debie Leonard

Since 1983, Debie has been providing tax, accounting, and business advisory services to a variety of individuals, small businesses, estates, trusts, not-for-profit organizations, political organizations, and charitable foundations. Selected responsibilities include planning, review of tax returns, research on tax engagements, and wealth management planning. She has been involved in the preparation of several applications for […]

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Michael Rosciam

Since 1995, Michael has been providing assurance and accounting services. A graduate of San Diego State University with a Bachelor of Science in Accounting, he has experience in insurance and governmental industries. Mike has been the Accounting Technology Manager for nine years at THF. He possess both accounting and IT knowledge with a background that includes information […]

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Simple Retirement Savings Options for Your Business

Are you thinking about setting up a retirement plan for yourself and your employees? Are you worried about the financial commitment and administrative burdens involved in providing a traditional pension plan? In short, there are two options to consider: “simplified employee pension” (SEP) “savings incentive match plan for employees” (SIMPLE) SEPs are intended as an […]

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Steve Stevens

Since 1989, Steve has provided assurance, consulting, and other accounting services, including five years with a Big Four firm in a Director capacity. Industries served include government, not-for-profit, for-profit, insurance, and health and human services. Responsibilities include managing and directing staff performing engagements for performance audits, operational reviews, cost plan, Medicaid audits, and various consulting […]

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What Should You Know About the New Revenue Recognition?

The implementation of the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers, is officially here (after a one year optional delay granted by FASB. In addition, there is another revenue recognition standard that will have an impact on not-for-profits specifically. The FASB issued ASU 2018-08, Clarifying the Scope […]

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THF Congratulates Ying Wang on Being Named One of the Tallahassee Democrat’s “25 Women You Need to Know”

THF congratulates Ying Wang on being selected as one of the 2021 “25 Women You Need to Know,” by the Tallahassee Democrat. Each year, the Tallahassee Democrat seeks to recognize the 25 women in the city of Tallahassee and the surrounding area. The outstanding women on the list have achieved great success in their businesses […]

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FAQs by Not-For-Profit Organizations

We sat down with one of our not-for-profit leaders, Allison Harrell, to review some frequently asked questions by not-for-profit organizations. Planning FAQs Question:  What tips or direction can you give organizations on how to better prepare for the future? We are concerned about losing a leader for the short or long term due to COVID.Allison:  […]

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Audit vs. Review vs. Internal Controls Assessment

Does your organization need an audit, review, or internal controls assessment? Because every organization is different, there are different types of assurance services that your company can undergo based on your needs. There are many things that will help determine which services are the right fit for your organization. Your organization’s primary purpose, mission, funding, […]

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What Not-for-Profit Organizations Should Know About the Second Round of the Paycheck Protection Program (PPP)

On December 27, 2020, the Economic Aid to Hard-Hit Small Business, Nonprofits, and Venues Act (the 2021 Act) was signed into law. It includes additional funding for the Paycheck Protection Plan (PPP) and expands eligibility to certain not-for-profit organizations. The 2021 Act does the following: Provides another $284 billion in funding for the PPP; Allows […]

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What Renters Should Know about the Emergency Rental Assistance Program

What should renters know about the Emergency Rental Assistance Program? The Consolidated Appropriations Act, 2021 passed Congress with strong bipartisan support. President Trump signed it into law on December 27, 2020.  To sum up, this relief package provides critical support to the American people and will further strengthen our economic recovery. President Trump signed the […]

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CARES Act II – Emergency Rental Assistance Program Q&A

Recently, Municode hosted a webinar on the CARES Act II – Emergency Rental Assistance Program. THF’s Steve Stevens and Government Services Group (GSG)’s Dave Jahosky had the opportunity to be panelists on this virtual discussion. There were great questions about the new CARES Act funding being provided by the IRS Treasury during the session. Continue […]

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What Governments Should Know about the CARES Act Relief Package

What should governments know about the CARES Act and the Supplemental Appropriations Act relief package? The Consolidated Appropriations Act, 2021 passed Congress with strong bipartisan support. President Trump signed it into law on December 27, 2020.  To sum up, this relief package provides critical support to the American people and will further strengthen our economic […]

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Catherine Stout

Catherine began working in public accounting when she joined Thomas Howell Ferguson in January 2015.  She has over five years of experience in public accounting, providing assurance and accounting services.  Her industries served include corporate, governmental, insurance, and not-for-profit organizations. The majority of Catherine’s career has been concentrated on serving the insurance and governmental industries.  […]

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Best Practices for 2021 Budgeting for Not-For-Profits

With everything surrounding COVID-19 and this past year, budgeting for 2021 will prove to be a challenge for many not-for-profits. Some not-for-profits had to decrease their services and staffing. Others have redirected their mission to serve their community’s more pressing needs. Many fundraising events were canceled this year in an effort to adhere to social […]

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Taylor Harmon

Taylor began working in public accounting in January 2013 and joined Thomas Howell Ferguson in 2014.  Taylor has over seven years of experience in public accounting, providing assurance and accounting services.  His range of services includes audits, reviews, compilations, agreed-upon procedures, and other services. Taylor serves as an engagement Manager, which includes assuming the responsibility […]

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Paycheck Protection Program (PPP) Second Draw Q&A

In December, Congress passed a bill allotting $284 billion in new funding. The Paycheck Protection Program (PPP) Second Draw will provide the hardest-hit businesses a chance at a second loan. The PPP 2.0 makes other changes too, including eligibility and limits for some loan sizes. Dennis Gallant answers some commonly asked questions on the Second […]

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Jeff Barbacci

Since 1995, Jeff has been providing accounting services to a variety of clients. Specific industries include not-for-profit organizations, workers’ compensation insurance, real estate management, condominium and timeshare associations, small business, and state and local government. Jeff has dedicated the majority of his career to specializing in government and not-for-profit consulting and auditing. He has developed an excellent understanding […]

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Key Takeaways from the Second Round of the Paycheck Protection Program (PPP)

What are the key takeaways from the second round of the Paycheck Protection Program (PPP)? The Consolidated Appropriations Act (CAA) 2021 permits certain small businesses who received a Paycheck Protection Program (PPP) loan and experienced a 25% reduction in gross receipts to take a PPP Second Draw Loan of up to $2 million. Who is […]

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William (Bill) Ferguson

Since 1977, Bill has spent his career in public accounting serving a variety of clients with a significant concentration on insurance companies and other insurance-related enterprises. His responsibilities include coordinating services provided and ensuring engagement objectives are accomplished within established timeframes. He has specific experience with insurance clients that includes audits of statutory financial statements, […]

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