Nicole Vullo

Foresight’s Stephanie Ramsey recently chatted with American Funeral Director, to give some thoughts about common HR questions employers are asking surrounding this pandemic. We have posted and linked the interview below: Human Resources During COVID-19 By Patti Martin Bartsche, American Funeral Director Editor’s Note: This information is up to date as of press time. Because the COVID-19 situation is dynamic, additional clarifications regarding the Families First Coronavirus Response Act as well as other government actions are possible. COVID-19 is forcing firms large and small to rapidly change their approach to work, raising crucial human resources concerns. While business owners arc acting to take necessary precautions. the pandemic offers an opportunity for firms to carefully review the strategies, policies and procedures they have in place to protect employees, customers and operations now and in the future. What impact does the Families […]

Many small business owners have already applied for a Paycheck Protection Program (PPP) loan. The PPP was created as a way for businesses to be able to keep employees on payroll. Some borrowers have already received their funding. Although you may have already received your PPP loan, there are still some vital considerations to focus on. These will help borrowers maximize on the amount of loan forgiveness received. The actions borrowers take now will impact the amount of possible loan forgiveness and it is crucial to begin the planning process immediately. How Much of the Loan Is Forgiven? According to the SBA, loans can be forgiven if employees remain on payroll during the eight-week period after the loan is funded. The money can also be used to cover specific business-related expenses. Please note that the actual amount that is forgiven […]

During these uncertain times, many people are unsure about how the financial markets will play out and are left not knowing how their personal and business finances will be affected. Our affiliate, Roosevelt Investments, put together a comprehensive guide featuring seven financial planning opportunities to consider in light of recent financial market volatility. In general, this guide can help you navigate and identify which opportunities may be helpful to you. To view these opportunities, click the button below. As we are learning to navigate through these times of uncertainty and adjust to our new normal, we here are at The Foresight Companies want to be your go-to source for all topics related to your business operations. Please visit our COVID-19 Business Operations Resource Center frequently for updates. *Please note that as information is updated and modified, terms and conditions are subject to change. Wealth […]

You may be worried about how this pandemic will affect the finances of your funeral home and what steps you should be taking to address the business impact of COVID-19. Foresight’s Dan Isard participating in a round table discussion sponsored by The International Order of the Golden Rule. This discussion provided information on what you need to know now so that you can make the best business decisions during this time of economic uncertainty. Listen to the recording below to hear about various topics including: Conserving cash during the COVID-19 pandemic (Hint: It has to do with the bills you usually pay) Prepare to borrow money, possibly through the SBA’s Economic Injury Disaster Loan Program Steps to take to protect your staff financially Getting the right messaging out to your families and community How the way you handle funeral services […]

The CARES Act Section 2301 creates a new employee retention credit (the Retention Credit) for wages paid from March 13, 2020 to December 31, 2020, by employers that are subject to closure or significant economic downturn due to COVID-19. The credit amount takes into account up to 50% of qualified wages, up to $10,000. Thus, the maximum Retention Credit amount is $5,000 per employee. The Retention Credit applies to: The employer’s share of Social Security tax under IRC Section 3111(a) (6.2% of wages) The portion of the employer’s and employee representative’s share of RRTA tax under IRC Sections 3211(a) and 3221(a) that corresponds to the 6.2% Social Security tax rate due Qualified wages for employers with 100 or fewer employees qualify for the entire credit. To be eligible for the Retention Credit an employer must carry on a trade or […]