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orange dream

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  1. Info from the AICPA website dealing with PPP forgiveness: https://www.aicpa.org/interestareas/privatecompaniespracticesection/qualityservicesdelivery/sba-paycheck-protection-program-resources-for-cpas.html About 2/3 of the way down are these choices: 1st is just a link to the application from the treasury dept. 2nd-5th are links to excel based calculators to help walk you through the calculations depending on your specific scenario. Calculators PPP loan forgiveness calculator This calculator uses available guidance from the SBA and Treasury to track eligible costs covered by the PPP and provides a look at how much of your PPP loan may be eligible for forgiveness. PPP payroll calculators for loan application The PPP provides three scenarios for calculating maximum loan amounts depending on how long the business has been in operation and whether it’s seasonal. You can add all three to your COVID-19 resource library. They’re designed so that your client can complete them following the steps outlined in the calculator. When you click the link, please look for an Excel file calculator to download rather than opening in a new window. PPP Loan Calculator – Non-seasonal & In business 2/15/19 – 6/30/19 (Excel) This calculator will apply for most businesses that operated in 2019. PPP Loan Calculator – Nonseasonal & NOT in business 2/15/19 – 6/30/19 (Excel) This calculator will apply for new businesses. PPP Loan Calculator – Seasonal business (Excel) This calculator will apply for clients that don’t operate year-round. PPP Loan Calculator – Self-Employed (Excel) This calculator will apply for self-employed individuals.
  2. The info below is from Johns Hopkins also. I suspect PilotsError is referring to death rate as the % of deaths versus the whole population while you appear to be referencing the death rate versus those who are infected. gross death rates @ cases deaths population infection rate gross death rate death rate among infected 10x 50x 100x CA 69,418 2,789 39,510,000 0.18% 0.01% 4.02% 0.07% 0.35% 0.71% NY 338,485 27,215 19,453,561 1.74% 0.14% 8.04% 1.40% 6.99% 13.99% NJ 140,917 9,531 9,200,000 1.53% 0.10% 6.76% 1.04% 5.18% 10.36% TX 40,642 1,121 29,000,000 0.14% 0.00% 2.76% 0.04% 0.19% 0.39% FL 41,923 1,779 21,600,000 0.19% 0.01% 4.24% 0.08% 0.41% 0.82% MI 48,031 4,674 10,000,000 0.48% 0.05% 9.73% 0.47% 2.34% 4.67% LA 32,050 2,347 4,648,794 0.69% 0.05% 7.32% 0.50% 2.52% 5.05% AZ 11,736 562 7,278,717 0.16% 0.01% 4.79% 0.08% 0.39% 0.77% Totals 723,202 50,018 140,691,072 0.51% 0.04% 6.92% 0.36% 1.78% 3.56% Totals minus NY/NJ 243,800 13,272 112,037,511 0.22% 0.01% 5.44% 0.12% 0.59% 1.18%
  3. Hate to hear it. Sorry for your loss(es).
  4. We were going to be there the last week of May and beginning of June. On the empty hotel front. Back around the time the quarantine started we were in middle of some remodeling and needed to be out of the house for a few days. We ended up renting 3 rooms so we could spread out a little for work and school purposes and it turns out we were the only guests in the almost 200 room resort hotel. Unfortunately, no food other than prepackaged grab and go stuff. The staff was very attentive ( and bored). They would actually push the elevator call and the floor buttons for us. I have 7 year old who is used to the "be quiet, don't run, etc." in hotel hallways. By the end of our time there we were playing hide and go seek and tag in the hallways. Pretty surreal experience. We considered a road trip to Big Bend in mid to late June but it looks like it's starting to heat up (100 degree highs) out there by then. Anyone been out there at that time of year. Thoughts?
  5. Just received an email this morning from the hotel that I was planning to stay in at the Amalfi coast has canceled my reservation as they will be closed. No big shock,( Flights and other parts of itinerary had already been canceled) but still makes me sad.
  6. classic by Ingram. Should be a fun minicamp once things kick back in. lol
  7. These guys both carried this wallet... Alfred Williams & Kanavis McGhee
  8. Just keep in mind that a 4 person tent comfortably holds 2 adults. Not to say you can't get 4 people in there, but it will be cozy. If you're carrying it a long way when you actually camp it might be worth keeping it small, but other than that get a 6 or 8 person tent to have a little room to spread out.
  9. This has probably been addressed but I don't think I've seen any kind of definitive answer: PPP Loan amount calculation : Payroll costs including rent / utilities, etc. (as defined) let's say Payroll is 100k /month and the rent / utilities, etc. bucket is 15k/month. Monthly eligible amount is 115k * 2.5 = 287,500 PPP loan proceeds. Forgiveness as defined in Treasury Fact Sheet: - The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8 week period after the loan is made; - and Employee and compensation levels are maintained. So in my scenario let's say the loan was funded on April 16th for 287,500 and the company is a semi-monthly (15th and end of month ) payroll company. The 8 week period ends on June 11 at which point the company will have paid payroll for 3 semi-monthly periods (End of April and Middle and End of May) (after loan was "made") That would total 150k in payroll and paid rent / utilities, etc. at the beginning of May and June for a total of 30k. With that, for the 8 week period after the loan was "made" the total amount used to cover the allowed categories in the 8 week period is 180k vs. the 287,500 that was "borrowed" under PPP. Any thoughts on how those will be reconciled to come up with what is forgiven? Even if you change the dates (or payroll frequency) so that you get a full 2 months worth of payroll and rent/other stuff in the 8 week period that would only come up with 230k of "forgivable" costs in the 8 week period. Is the working assumption of everyone who is getting these PPP loans that they will need to pay back approximately 20% of what was borrowed? I've had that thought in the back of my head but haven't ever really seen it addressed. I'd be curious to know your thoughts / assumptions.
  10. My best guess is if you had a fleet of vehicles / service trucks that the fuel costs for your fleet could be considered a utility. Just my guess, not advice.
  11. new guidance / clarification of small business definitions and PPP criteria. https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf
  12. which says alot about us, almost none of it flattering
  13. I think the financial sector will take the hit in 6-9 months when a significant number of customers default on loans, mortgages,etc. Unless they do basically what they've been doing with O&G assets for the last 3 years or so and just push those non-performing assets down the road in hopes that things get better. That strategy is going to kill banks heavy on O&G in 3, 2, 1...
  14. @troph thanks for your thoughts. Yes, you are correct that I am NOT saying we overreacted I am genuinely surprised at how low these rates are and just trying to make sense of how we learn from what has happened both locally and in other places as we move to "re-open". I look for masks and gloves to be commonplace for the foreseeable future. We'll all look like group of Asian tourists transiting through Heathrow. Getting back to crowded concerts, games, events, festivals will look different. Not sure how that will translate to little league, etc. Curious to hear Gov. Abbott's plan today and how that is then interpreted by county, school and city officials. Moving this data table to this page for those who may have missed it and wonder what you were referencing.
  15. Ok, I have some questions about where we go from here. The table below is information pulled from the TX Dept of Health COVID-19 dashboard. I know we have all been staying at home, staying healthy, flattening the curve, etc. but I am astonished at how low these numbers are. What is your guess of what percent of the picture this really represents. 20% / 50% / 80% ? I'm sure these are artificially low because of the lack of testing, limits of testing to those in risk groups or with severe symptoms, etc. but I don't have a good feel for how low. Are 70% of the people currently infected going to still die which will drastically alter the fatality rates? The highest infection rate in a county is basically a tenth of a percent in Galveston County and fatality rates of total population are between 1 and 2 thousandths of a percent of total area population. Multiply those numbers by 10 or even 100 and certainly it represents a tragic loss of life but at some point you reconcile that versus a longstanding death rate of the US population of around 0.9% annually. Am I really terrible at math? Are we amazing at flattening the curve? What's the go forward plan. Are entire schools closed for 2 or 3 weeks each time a kid is sick or does a classroom monitor for symptoms if someone gets sick but keeps operating? Same question for offices, stores, restaurants (complete shutdown if someone is infected)? For those of you who own / manage businesses, if working from home has been successful and is viable for your business model do you encourage it beyond the government directive or is everyone "ordered" back to the office at the first opportunity? Troph's questions about commercial real estate I think hangs in the balance. https://txdshs.maps.arcgis.com/apps/opsdashboard/index.html#/ed483ecd702b4298ab01e8b9cafc8b83 County cases deaths population infection rate fatality rate of those infected fatality rate of population Travis 977 17 1,274,000 0.077% 1.74% 0.0013% Williamson 128 4 590,551 0.022% 3.13% 0.0007% Hays 109 1 230,191 0.047% 0.92% 0.0004% Austin Metro Area 1,214 22 2,094,742 0.058% 1.81% 0.0011% Dallas 1,986 43 2,636,000 0.075% 2.17% 0.0016% Tarrant 990 30 2,103,000 0.047% 3.03% 0.0014% Denton 547 14 887,207 0.062% 2.56% 0.0016% Collin 494 10 1,035,000 0.048% 2.02% 0.0010% DFW Metro Area 4,017 97 6,661,207 0.060% 2.41% 0.0015% Harris 4,097 58 4,713,000 0.087% 1.42% 0.0012% Ft. Bend 627 15 811,688 0.077% 2.39% 0.0018% Montgomery 331 6 607,391 0.054% 1.81% 0.0010% Brazoria 272 3 374,264 0.073% 1.10% 0.0008% Galveston 401 13 342,139 0.117% 3.24% 0.0038% Houston Metro Area 5,728 95 6,848,482 0.084% 1.66% 0.0014% COMBINED TOTAL 10,959 214 15,604,431 0.070% 1.95% 0.0014%
  16. I was going to "like" your post but you were sitting on 69 and I didn't want to ruin that for you. Awesome, congrats!!
  17. I need a name for this one
  18. Clear targeting and he slept they head
  19. ummmm... wrong thread dude.
  20. Also, protect your cornhole when showing up with 2k cash and meeting at the local liquor store to make the exchange.
  21. it's a great day to have a great day
  22. Almost anything will be better than continuing to send $1,450 / month the the CC companies. Any other option will probably still require ~1k / month to make real headway in paying the debt off. I'd probably choose 401k loan with a 4 or 5 year term first with some form of refi with cash out with a 10-15 year term as a 2nd option. Assuming it's not a problem that you expect to reoccur, but if overspending is an issue that obviously needs to be dealt with first or this will end up worse than it is now. Agreed, on the kudos for speaking up. Good luck!!
  23. I used givemethevin.com a couple of years ago. Sent them some pics, answered a few more questions and they even worked with the dealer I was buying from so that I got credit for the trade-in and saved on the taxes on the car I was purchasing. It was surprisingly easy and I feel like i got FMV for what I was getting rid of. It was 16-18k, not the range you are talking about though, so YMMV.
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