The Thomas Howell Ferguson Blog

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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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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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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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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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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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THF Congratulates Ying Wang and Megan Townsend on their new leadership roles with community boards

THF congratulates Ying Wang and Megan Townsend on their new leadership roles with community boards.   New Leadership Roles Ying Wang recently joined the Girls on the Run Board of Directors. Girls on the Run is an after-school program. It is designed to inspire girls of all abilities to recognize and embrace their inner strength. […]

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THF recently hosted the 10th annual Insurance Conference on Financial Reporting (INCON)

THF recently hosted the 10th annual Insurance Conference on Financial Reporting (INCON) with the Florida State University Catastrophic Storm Risk Management Center. INCON is a conference for insurer CFOs, controllers, treasurers, and others who deal with insurer financial matters. This conference offers unparalleled opportunities to stay abreast of changes that impact the activities and financial […]

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Modifications to the Main Street Lending Program Expands Eligibility to Not-For-Profits

On Friday, July 24th, the Federal Reserve Board released modifications to the Main Street Lending Program that will provide greater access to credit for not-for-profit organizations.  The Board approved two new loan options to provide support to a broad set of not-for-profit organizations that were in sound financial condition prior to the pandemic.  The Board […]

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CARES Act Funding Overview Webinar

Our very own Steve Stevens had the opportunity to speak on the overview of the CARES Act Funding.  Check out the full webinar here, or you can read some of the notes from the session below. CARES Act Local Government Program Process for counties to receive CARES funding Counties accessed disbursement using the DEM Grants Management […]

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FEMA Reimbursement for COVID-19 Expenses for Private Non-Profits Webinar

In case you missed the webinar today on FEMA Reimbursement for COVID-19 Expenses, we have included information below that was discussed.  In the webinar, we also spoke about the CARES Act and the Employee Retention Credit. You can access the FEMA Reimbursement for COVID-19 Expenses for Private Non-Profits presentation at the link below. FEMA Reimbursement […]

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How Do I Fill Out the Paycheck Protection Program (PPP) Forgiveness Calculation Form?

We know that some of these forms may seem daunting. Follow the instructions below for more clarity on how to complete the PPP Forgiveness Calculation Form. Business Legal Name (“Borrower”)/DBA or Tradename (if applicable)/Business TIN (EIN, SSN) • Enter the same information as on your Borrower Application Form. Business Address/Business Phone/Primary Contact/E-mail Address • Enter […]

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What Costs May Be Reimbursable By FEMA for COVID-19?

What Costs May Be Reimbursable By FEMA for COVID-19? All major disasters can lead to some form of political, social, and economic consequence. Normally these events are confined to a region of the country and regions within the respective states impacted. COVID-19 is not normal and has impacted all sectors of the economy including governments […]

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