act

Tax Reform: Impact on Health Care Organizations

The Tax Cuts and Jobs Act is changing the way organizations do business, including health care organizations. To help you prepare for the changes and take advantage of new benefits, the Anders Health Care Group has compiled a chart on the most important provisions for the industry. Complete the form below to download the Tax...

The post Tax Reform: Impact on Health Care Organizations appeared first on Anders CPA.




act

Reverse Audits for Government Contractors

There is a great opportunity for government contractors to save on sales or use taxes paid for consumables used on government contracts. The U.S. Government is not subject to sales/use tax, however, government contractors typically pay tax on their consumable purchases. Government contractors may be paying tax on many of their overhead purchases needlessly. Sales...

The post Reverse Audits for Government Contractors appeared first on Anders CPA.




act

Proactive Plays Make for a Winning Relationship with the St. Louis Surge

The Situation The St. Louis Surge is St. Louis, Missouri’s professional women’s basketball team. In 2019, the team begins its eighth season with five Regional Championships and two National Championships under its belt. Suffice it to say that the Owner and General Manager, Khalia Collier, who purchased the elite team in 2011, commits herself 110% to success.  A...

The post Proactive Plays Make for a Winning Relationship with the St. Louis Surge appeared first on Anders CPA.




act

Elon Musk says Tesla will 'immediately' leave California after coronavirus shutdowns forced the company to close its main car factory (TSLA)

Reuters

  • Elon Musk says Tesla may leave its Palo Alto headquarters and Fremont, California factory. 
  • In a tweet Saturday morning, the chief executive continued his outrage against shelter-in-place orders that have forced most non-essential businesses to close. 
  • Last week, Musk likened the rules to fascism, and urged leaders to "give people their goddamn freedom back." 
  • Visit Business Insider's homepage for more stories.

After a week of decrying coronavirus shelter-in-place orders that have left Tesla's main factory shuttered and unable to produce vehicles, Elon Musk says the company may move its factory out of the state.

"Tesla is filing a lawsuit against Alameda County immediately," the chief executive said on Twitter Saturday morning. "The unelected & ignorant 'Interim Health Officer' of Alameda is acting contrary to the Governor, the President, our Constitutional freedoms & just plain common sense!"

See the rest of the story at Business Insider

NOW WATCH: How waste is dealt with on the world's largest cruise ship

See Also:




act

NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION CEO DAVID LONG ISSUES STATEMENT ON FORMATION OF GREAT AMERICAN ECONOMIC REVIVAL INDUSTRY GROUPS

The Chief Executive Officer of the National Electrical Contractors Association, David Long, issued a statement on being named to the Great American Economic Revival Industry Group for Construction/Labor/Workforce.




act

How the Rise of Overseas Contracts Could Impact the MLB

The past few years, off-seasons in particular, have been met with frustration and anger from MLB players and the Major League Baseball Players Association over the free agent market and the compensation structure/control currently in place. Yes, the Bryce Harper’s… Read More

The post How the Rise of Overseas Contracts Could Impact the MLB appeared first on Anders CPAs.




act

Anders and LEA Launch National Benchmarking Survey for Manufacturers

To fill a void of relevant benchmarking data, Anders and our accounting association, the Leading Edge Alliance (LEA), have launched the third annual National Manufacturing Outlook Survey, and we are requesting participation. Created specifically for privately-held manufacturers, this is the… Read More

The post Anders and LEA Launch National Benchmarking Survey for Manufacturers appeared first on Anders CPAs.



  • Manufacturing and Distribution
  • News
  • lea manufacturing outlook

act

Tax Reform for Manufacturers: UNICAP Exemption Changes

More manufacturers may be exempt from the Uniform Capitalization (UNICAP) rules following tax reform. The UNICAP rules from Code Section 263A generally require that certain direct and indirect costs associated with real or tangible personal property manufactured by a business… Read More

The post Tax Reform for Manufacturers: UNICAP Exemption Changes appeared first on Anders CPAs.




act

How the New Revenue Recognition Standard Will Impact Manufacturers

The new revenue recognition standard includes important provisions that manufacturers need to be aware of. Effective 1/1/2019 for private companies with calendar year ends, the new standards will change the way manufacturing companies recognize revenue.
Variable Consideration
Manufacturing companies will… Read More

The post How the New Revenue Recognition Standard Will Impact Manufacturers appeared first on Anders CPAs.



  • Audit and Advisory
  • Manufacturing and Distribution
  • revenue recognition
  • revenue recognition standard

act

National Manufacturing Outlook Survey Offers Look Ahead into 2019

Anders has teamed up with the Leading Edge Alliance (LEA) to jointly release the results from the 2019 LEA National Manufacturing Outlook Survey.
For the third year, more than 350 manufacturing executives participated in the survey from a variety of… Read More

The post National Manufacturing Outlook Survey Offers Look Ahead into 2019 appeared first on Anders CPAs.



  • Manufacturing and Distribution
  • lea manufacturing outlook

act

How Manufacturers Can Save on Sales/Use Tax for Government Contracts

Manufacturing companies that sell equipment to the federal government or government contractors could be eligible for a tremendous tax benefit. The opportunity can help reduce sales/use taxes paid for consumables purchased in support of such government contracts.
The federal government… Read More

The post How Manufacturers Can Save on Sales/Use Tax for Government Contracts appeared first on Anders CPAs.



  • Manufacturing and Distribution
  • SALT
  • Sales and use tax
  • south dakota v. wayfair

act

Saved Manufacturer Over $350,000 Through R&D Study

Our manufacturing client had utilized the Research & Experimentation (R&D) tax credit in the past, but our team questioned if they were getting the maximum benefit from their current method of capturing research wages and related costs. By completing a… Read More

The post Saved Manufacturer Over $350,000 Through R&D Study appeared first on Anders CPAs.




act

Activision Blizzard raises full year outlooks as Q1 revenue beats expectations

Activision Blizzard had a solid Q1, so much so that the company has raised its forecasts for the full year as a result. ...




act

Tax Reform: Impact on Not-for-Profits

The Tax Cuts and Jobs Act is changing the way organizations do business, including not-for-profit organizations. To help you prepare for the changes and take advantage of new benefits, the Anders Not-for-Profit Group has compiled a chart on the most… Read More

The post Tax Reform: Impact on Not-for-Profits appeared first on Anders CPAs.




act

Not-for-Profit Board Governance Best Practices to Implement

No matter the size of the organization, if you’re serving on the board you want to feel confident that the organization has the right governance policies and practices in place. Those pesky Form 990 questions actually offer a fantastic checklist… Read More

The post Not-for-Profit Board Governance Best Practices to Implement appeared first on Anders CPAs.



  • Not-for-Profit
  • not-for-profit

act

Charitable Giving is Down Following Tax Reform: How Not-for-Profits Should React

The Tax Cuts and Jobs Act (TCJA) significantly changed the tax benefits of donating to your favorite charity starting in 2018. Now that we’ve seen a full year with the new provisions, not-for-profit organizations are taking a look at the… Read More

The post Charitable Giving is Down Following Tax Reform: How Not-for-Profits Should React appeared first on Anders CPAs.




act

Anders CARES Act Team Answers Viewer Questions on KSDK

The Anders CARES Act Team, made up of Anders advisors across different departments of the firm, has teamed up with KSDK 5 on Your Side to answer questions from viewers about CARES Act benefits. From stimulus check updates to SBA loan eligibility, Anders will be answering questions individuals and businesses need to know. To submit...

The post Anders CARES Act Team Answers Viewer Questions on KSDK appeared first on Anders CPA.




act

NECA Legislative Top Three 12/13/19: NECA Contractor Helps Secure Win for Small Businesses

This week in government affairs: NECA opposes bill to raise top tax rate for pass-throughs, NECA member testifies before the house small business committee and NECA Wins in NDAA.




act

NECA Legislative Top Three 2/21/20: Take Action to Prohibit Reverse Auctions

1. Senate to Vote on America’s Transportation Infrastructure Act 

On February 12, 2020, NECA joined dozens of other organizations and sent a letter to Senate leadership urging quick action on the NECA-supported America’s Transportation Infrastructure Act (ATIA) (S. 2302).

NECA’s Look Ahead: NECA has long believed that we must find a sustainable solution to our nation’s surface transportation. We were encouraged last summer when the bill passed out of the Senate Committee on Environment and Public Works (EPW) and was the largest highway bill ever passed, authorizing $287 billion over five years. We will be continuing to urge the swift passage of this important legislation.

2. Take Action: Tell Your Representative to Support H.R. 5644 to Prohibit Reverse Auctions

The Construction Consensus Procurement Improvement Act of 2020 (H.R. 5644) would prohibit the use of reverse auctions on federal construction projects. The Senate already passed this important legislation, and NECA remains optimistic that this sensible reform can pass the House and be enacted into law. Tell your Representative to cosponsor H.R. 5644 today!

NECA’s Look Ahead: The U.S. Army Corps of Engineers issued a report stating that using reverse auctions to procure construction services did not guarantee the lowest price nor did it establish any clear benefits over the traditional sealed-bid approach. Awarding contracts solely on price requires contractors to cut costs in materials and labor, ignoring the importance of quality construction and the consideration of life-cycle costs.

3. Recess Weeks are for In-District Visits

Congress was in recess this week, which is the perfect opportunity to set up a meeting with your Member of Congress at home in your districts. In-district visits are a great opportunity for your congressman to tour your company, jobsite, or training center to learn about NECA and the electrical contracting industry. Visit NECA’s Congressional Visit Toolkit to learn how to set up your meeting today!

NECA’s Look Ahead: Remember, you can earn 5 points for your NECA chapter with each in-district visit in the Chairman’s Challenge. You can also earn points for sending a letter through our Legislative Action Center or attending the upcoming National Legislative Conference




act

NECA Legislative Top Three 3/6/20: Congress Looks to Modernize National Apprenticeship Act

1. Hearing Held to Reauthorize the National Apprenticeship Act

On Wednesday, March 4, 2020, the Higher Education and Workforce investment Subcommittee held a hearing to discuss reauthorizing the National Apprenticeship Act. The National Apprenticeship Act, originally passed in 1937, will be amended to expand the apprenticeship system to include broader forms of apprenticeship programs. This discussion is centered around how to modernize the Act and bring apprenticeships into the 21st century.  

NECA’s Look Ahead: Preserving these valued apprenticeship programs is a priority. NECA continues to work closely with legislators while this bill is being shaped.

2. NLRB Chairman and General Counsel to Testify Regarding Funding     

Next week, the Chairman and General Counsel of the National Labor Relations Board are scheduled to testify before the House Appropriations committee. This hearing is anticipated to be contentious with lawmakers inquiring as to the reasons behind the Trump Administration’s request to lower the board’s funding by 10%. At the same time, the NLRB’s regional offices are plagued with under-employment and the board itself is dogged with hearings and legal challenges over ethical conflicts of interest.

NECA’s Look Ahead: While historically the National Labor Relations Board has been a contentious and often politicized place, this hearing is expected to highlight the new level of dysfunction that now riddles the Board. NECA believes that lawmakers should continue to fully fund the NLRB and encourage their leadership to expedite the hiring of their regional offices.

3. Congress Passes Coronavirus Funding Bill

On Wednesday, March 4, 2020, Congress passed a NECA-supported bill, H.R. 6074, the Coronavirus Preparedness and Response Supplemental Appropriations Act.

NECA’s Look Ahead: This bill addresses the critical funding issues surrounding the U.S. response to the Coronavirus outbreak. The bill includes the following:

  • $4 billion to make diagnostic tests more broadly available

  • $2.2 billion for the Centers for Disease Control and Prevention (CDC) for a robust response, including:

    • $1 billion exclusively for state and local response efforts
    • $300 million for CDC’s Infectious Diseases Rapid Response Reserve Fund
    • $20 million to administer disaster assistance loans for small businesses impacted by the virus.
    • $1.25 billion for the State Department and (USAID)
    • $264 million to evacuate Americans and maintain consular operations overseas




act

NECA Legislative Top Story 3/27/20: CARES Act Phase III Provisions Bring Benefits to NECA Contractors

On March 26, 2020, the Senate passed “Phase III” of the Coronavirus Response Package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act in a 96-0 vote.




act

Capybara Games co-founder Nathan Vella is now at Annapurna Interactive

Nathan Vella has joined up with Annapurna Interactive, taking an unmentioned seat on its executive team and lending his expertise to the company's work with independent game developers. ...




act

Building the AI of F.E.A.R. with goal oriented action planning

First Encounter Assault Recon proved a breakthrough moment for game AI. So let's revisit what made it so special and explore how it works in detail. ...




act

Get a job: Tripwire Interactive is looking for a lead gameplay engineer

Tripwire Interactive is looking for a lead gameplay engineer to help shape its engineering team. ...




act

Anders CARES Act Team Answers Viewer Questions on KSDK

The Anders CARES Act Team, made up of Anders advisors across different departments of the firm, has teamed up with KSDK 5 on Your Side to answer questions from viewers about CARES Act benefits. From stimulus check updates to SBA… Read More

The post Anders CARES Act Team Answers Viewer Questions on KSDK appeared first on Anders CPAs.




act

Senior Character TD: Moon Studios

Moon Studios - award-winning creators of Ori and the Blind Forest and Ori and the Will of the Wisps - are looking for Senior Character TD's. After redefining the Metroidvania genre with the Ori series, our next goal is to revolutionize the ARPG genre.  Join our family, help us create some of the best games the industry has ever seen and work with some of the most talented individuals in the world! Please note that Moon Studios is a distributed development studio: Everyone at Moon works remotely and we accept job applications from participants all over the world! We're looking for: Individuals who can work autonomously - We don't count your hours, we won't babysit you. Your job is to enchant us with your raw talent and professionalism! Individuals who want to have a voice - Unhappy with the current state of the industry? Every person at Moon Studios has a voice and can help shape the games we're making. Individuals who believe in collaboration - We work together as a team, as a family, to challenge the status quo and raise the bar! Individuals who want to grow - Contrary to other AAA studios, our goal is to remain a comparatively small studio made of elite talent. We strive to only hire the absolute best talent in the industry and encourage them to further grow their skills with us. Tired of being the smartest gal or guy in the room? Join our community, inspire us, and be inspired! Since Moon Studios is a distributed game development studio, we work with talent from all around the world. To keep things personal and foster communication, we hold annual Team Retreats to touch base and figure out what challenges we want to tackle next. Drinks, dinners, flights, accommodations, and an overall swell time all included! Reach out to us if you... Are a top notch Character TD who has production experience in creating character rigs and developing tools, pipelines, etc. Are extremely experienced with rigging in Maya and developing tools with Python. Have a solid understanding of animation principles and processes, know what animators need and can help create friendly and intuitive rigs and tools. Have at least a basic knowledge of game production, game engines and real-time limitations. Are knowledgeable in more than just rigging. We want as many multi-talented creative geniuses as possible in our studio! Simply send your Resume + Portfolio to jobs@moongamestudios.com Moon Studios is an independent video game development studio, founded in 2010 by Thomas Mahler (former Cinematic Artist at Blizzard Entertainment) and Gennadiy Korol (former Senior Graphics Engineer at Animation Lab). The company focuses on highly refined gameplay mechanics and prides itself on an excessive ‘iterative polish’ process. Moon Studios is a distributed development house: Our team members are spread throughout the world, allowing Moon to work with the best and most talented people in the games industry. In 2014, Moon announced it was working on Ori and the Blind Forest, which was released on March 11th, 2015 for Xbox One and PC via Steam, quickly followed up by the Ori and the Blind Forest Definitive Edition a year later. Ori and the Blind Forest received overwhelmingly high praise, a fantastic debut for Moon Studios.   Ori and the Will of the Wisps is slated to be released on March 11th, 2020. Moon Studios is simultaneously also working on a yet uannounced title.




act

Lead Gameplay Engineer: Tripwire Interactive

Tripwire Interactive is looking for talented, dedicated, and passionate individuals to join the Tripwire Interactive family! Tripwire Interactive is an independent video game development and publishing company, famous for shooter titles like Red Orchestra and the wildly popular Killing Floor series. With its next project poised to blow previous projects out of the water, Tripwire has solidified its spot as one of the brightest rising stars in the games industry.  At Tripwire Interactive, we pride ourselves in our ability to move to the beat of our own drum. Our existence as an independent studio and publisher means we are able to develop games on a schedule that reassesses what has become the status quo in the industry as a whole. We’re located in Roswell, GA just north of Atlanta; where cost of living is relatively low and opportunities are high. So if you’re looking to work in an environment that changes the game in more ways than one, look no further than Tripwire Interactive. *Note: During this unprecedented time, we are looking for individuals who are able and willing to work from home until all restrictions have been lifted in relation to COVID-19. At such time, the position will be located on site. Responsibilities: Utilizing your technical skills, you will collaborate with designers, artists, audio designers, and various other specialists to design and develop best-in-class game experiences Exemplify and promote standards for code, design, development, debugging, optimization, reviewing goals, testing and documentation Interface between multiple departments with varies approaches to game development. You are responsible for translating creative intent into code tasks Help to lead development teams to meet high-level project goals. Understand the intent of the creative direction and translate it into actionable descriptions of work Participate in hiring process to grow our engineering team with an ever-rising quality bar Identify technical and developmental risks/obstacles and generate solutions to overcome identified risks Design and Implement engineering solutions in many areas of game development such as procedural generation, game mechanics, AI, animation, physics, rendering, localization and UI Keep up to date on state-of-the-art software engineering methods, practices, and technologies Write well-architected code with an eye towards performance and re-usability for multiple experiences. Evaluate other engineers code to make sure it meets the department’s expectations Empower and guide the career(s) of your direct reports to promote their growth as engineers. You are responsible for providing feedback for your team to assist in their growth Establish workflow pipelines and cost/time analysis required for taking a game from early prototype stages all the way through to pre-production, production and release  Qualifications:  BS (or higher) in Computer Science or similar discipline Minimum 6 years game industry experience with 3+ shipped titles Excellent C++ programming and systems design skills Experience with implementing network gameplay, AI, or physics Ability to judge feature quality in relation to other current competing games Adept at working with designers and artists to implement gameplay features Experience in reviewing code and work to provide critical feedback used in career management Benefits:  Profit Share Medical, Dental, & Vision 100% of premiums for the family covered by Tripwire Up to 30 days of PTO 16 paid Holidays Short Term Disability & Long Term Disability 401k Match Flexible Spending Account Flexible Hours Employee & Family Team Building Events Volunteer Days   Preference to applicants with:  Significant Unreal Engine experience Passion for first person shooters Proven ability of tackling challenging projects Experience in full software development lifecycle of shipping a game Excellent written and verbal communication skills Ability to work well under pressure, flexible, positive and focused    




act

Lead Publishing Producer: Tripwire Interactive

Tripwire Interactive is looking for talented, dedicated, and passionate individuals to join the Tripwire Interactive family! Tripwire Interactive is an independent video game development and publishing company, famous for shooter titles like Red Orchestra and the wildly popular Killing Floor series. With its next project poised to blow previous projects out of the water, Tripwire has solidified its spot as one of the brightest rising stars in the games industry.  At Tripwire Interactive, we pride ourselves in our ability to move to the beat of our own drum. Our existence as an independent studio and publisher means we are able to develop games on a schedule that reassesses what has become the status quo in the industry as a whole. We’re located in Roswell, GA just north of Atlanta; where cost of living is relatively low and opportunities are high. So if you’re looking to work in an environment that changes the game in more ways than one, look no further than Tripwire Interactive. *Note: During this unprecedented time, we are looking for individuals who are able and willing to work from home until all restrictions have been lifted in relation to COVID-19. At such time, the position will be located on site. Responsibilities: Manage publishing production staff supporting external developers as well as serving as primary point of contact between internal stakeholders and external teams. Developing schedules with internal and external teams, evaluating schedules with executive management and then managing projects to schedule, highlighting task priorities, departmental inter dependencies, resource issues and risks. Assist publishing leadership in creating and maintaining product roadmap and in performing product evaluations. Assist in producing and maintaining related budget and cost forecast for publishing projects. Responsible for production-led planning for all project deliverables including milestone review, external build creation and marketing/PR needs. Identify and offer solutions to production issues to solve the resulting schedule, cost, and scope conflicts. Maintain communications with all team members, team leads, and executive management; both internally and externally. Understand and contribute to company goals and core values while bringing a positive and collaborative approach to all project related activities. Suggest and lead process improvement initiatives. All other duties as assigned.  Qualifications: Project management experience, including Scrum, Kanban, and traditional waterfall methodologies and tools, as well as the ability to prioritize and solve problems. Strong communication and inter-personal skills, leading to a demonstrated ability to work within a team structure. Attention to detail and the ability (and desire) to handle potentially stressful development environments. Minimum 5 years production experience including 2+ years as Senior or Lead Producer. Expert level knowledge and ability to mentor staff on project management principles, practices, tools and techniques. Understanding of game development process including demonstrated experience with first party submission requirements and ability to clinically evaluate milestone submissions. Strong resource planning experience; skill in organizing resources and establishing priorities. Minimum 2 shipped product with production credit. Demonstrated ability to maintain focus across multiple concurrent projects.  Benefits Profit Share Medical, Dental, & Vision 100% of premiums for the family covered by Tripwire Up to 30 days of PTO 16 paid Holidays Short Term Disability & Long Term Disability 401k Match Flexible Spending Account Flexible Hours Employee & Family Team Building Events Volunteer Days  Preference to applicants with: Significant Unreal Engine experience Passion for first person shooters Proven ability of tackling challenging projects Experience in full software development lifecycle of shipping a game Excellent written and verbal communication skills Ability to work well under pressure, flexible, positive and focused    




act

Dun & Bradstreet Introduces New COVID-19 Impact Index

Dun & Bradstreet has created a COVID 19 impact index for businesses.



  • Small Business News
  • Coronavirus Biz Advice

act

The 'Interaction of Things' is coming of age

IoT devices are starting to impact the personal lives of consumers, but the part of the economy likely to be most affected in the 2020s will be the industrial sector




act

Active Navigation helps strengthen Equifax?s cybersecurity footprint

Investments in new technologies help Equifax protect sensitive data?




act

Top 10 Post-Divorce Actions to Consider

You’ve taken all the right steps to finalize your divorce, so now you can breathe a sigh of relief – right?  Not so fast.  There is still plenty of work to do.  Listed below are the “Top 10 Post-Divorce Actions”… Read More

The post Top 10 Post-Divorce Actions to Consider appeared first on Anders CPAs.




act

How Blockchain Could Impact the Market

Contracts, transactions, and the records of them are among the defining structures of our economic, legal, and political systems. They establish and verify identities and chronicle events. Yet the bureaucracies formed to manage these have not kept up with the… Read More

The post How Blockchain Could Impact the Market appeared first on Anders CPAs.



  • Forensic and Litigation Services

act

A Best Practice Approach to Insight Engines: 5 Levels of Insight Engine Maturity

Enterprise search projects start with intentions to provide ?Google for our organization' but too often fail to deliver on that promise. In our experience, these projects fail due to a lack of sustained effort and governance. The commercialization of next-generation search technologies allows you to fulfill this promise if you take a systematic approach to implementation.




act

Get a job: Tripwire Interactive is looking for a lead gameplay engineer

Tripwire Interactive is looking for a lead gameplay engineer to help shape its engineering team. ...




act

Vocalcom reveals new contact center solution powered by AI

Available in the cloud or on-premise, the solution offers a latest-generation interface, unified 360-degree management across all channels, and integration with AI technologies for an optimal customer relationship.




act

Qlik releases platform that enables users to act quickly on data-driven insights

Increases analytics ROI by closing the gap between insights and action




act

Making Technology Work for You: 5 Tips for Proactive Digital Estate Planning

While the current estate tax exemption is higher than most people will qualify for at $11.4 million, estate planning is an important process for everyone. Critical decisions such as who will be the legal guardian of your children, how your… Read More

The post Making Technology Work for You: 5 Tips for Proactive Digital Estate Planning appeared first on Anders CPAs.




act

IRS Confirms No Clawback for Gift and Estate Tax Exclusion – Act Now for the Biggest Benefit

The Treasury Department and the Internal Revenue Service (IRS) recently issued final regulations around the increased gift and estate tax exclusion amounts in effect from 2018-2025. The final regs confirm that individuals who take advantage of the increased gift and… Read More

The post IRS Confirms No Clawback for Gift and Estate Tax Exclusion – Act Now for the Biggest Benefit appeared first on Anders CPAs.




act

Paycheck Protection Program Helping Contractors

Paycheck Protection Program Helping Contractors aconstanza Mon, 05/04/2020 - 12:47

Paycheck Protection Program Helping Contractors

According to a new report from the Associated General Contractors of America (AGC), the federal government’s Paycheck Protection Program is allowing construction firms to add and retain employees, despite declining demand for work.

“A large share of construction firms promptly received loans funds under the Paycheck Protection Program, enabling many of them to hire or retain employees despite a surge in project cancellations,” according to the report.

AGC noted that the job-saving measure appeared to be working, but it cautioned that longer term recovery measures, such as new infrastructure funding and establishing a recovery fund, are needed.

“Most contractors report they have applied for the new federal loans, which are intended to enable small businesses to keep employees on their payrolls,” said Ken Simonson, AGC’s chief economist. “This program has already delivered funds to nearly half of the survey respondents, and many of them have already brought back furloughed workers or added employees, even though more clients are halting and canceling projects.”

Simonson noted specifically that 44% of the 849 firms responding to the survey reported having already received funds, which began on April 3. Another 15% said their applications had been approved, but they had not yet received funding. Another 8% were awaiting a reply to their applications, and 7% had applied, but were told that no more funds were available.

Partly because of the loans, 13% of respondents said they had added workers.

“Although the loan program has helped, it will cover only a limited part of company expenses and is not enough to offset the huge drop in projects,” Simonson said.

He noted that half of the respondents reported clients have ordered halts to projects that were already underway, and more than 25% reported that clients have canceled projects that had been expected to start as far out as June, or even later.

Is Featured Article?
No
Editor's Pick
No
Web Exclusive
No
Magazine Volume
Article Image
Date of Publications
Is Sponsored?
Off
Disqus Comments
Safety Leader
Off




act

Do Headings Really Impact Rankings?

They say in SEO you need to use headings. Those can be H1, H2, or even H3 tags. But do they really impact your rankings? Sure, a lot of CMS systems put headings on each of your web pages by default. They do this with the title of the page (or blog post) and sometimes […]

The post Do Headings Really Impact Rankings? appeared first on Neil Patel.




act

Strategy and tactics for sales professionals during Covid-19 crisis

The time saved on travel can now be used to upskill or learn about a new sector or industry that you previously did not cater to. Having a sound knowledge of your clients’ business makes you stand out amongst your competition.




act

First Ride: Honda Activa 6G BS6 review

First Ride: Honda Activa 6G BS6 review





act

COVID-19 impact: Global smartphone shipments fall 13 per cent in January-March

Canalys Senior Analyst Ben Stanton said that in February, when the coronavirus was centered on China, vendors were mainly concerned about how to build enough smartphones to meet global demand.




act

Xiaomi, Realme says potential of offline sales post Covid-19 intact; consumers may change buying habit

Both Xiaomi and Realme said they will restructure their product plans and portfolio this year with the change in buying habit.




act

Mobile phones’ manufacturing to restart

Makers of iphone & Xiaomi phones get requisite permissions from state authorities in South




act

IRDAI allows insurers to give moratorium on term loan repayment due to coronavirus impact

In respect of term loans, insurers are permitted to grant a moratorium of three months towards payment of instalments falling due between 1st March 2020 and 31st May 2020.




act

Indian market situation is reflection of global factors: K V Subramanian, CEA

Indian market situation is reflection of global factors: K V Subramanian, CEA





act

Covid-19 to impact domestic as well global growth: RBI governor

Covid-19 to impact domestic as well global growth: RBI governor





act

Paytm founder Vijay Shekhar Sharma shares tips on braving the Coronavirus impact on business

Paytm founder Vijay Shekhar Sharma shares tips on braving the Coronavirus impact on business