On this episode, Larry LeClair, Director of GR at NASBP and John “JB” Byrd, representing the National Society of Professional Surveyors (NSPS) joins us for the second of a two-part series on rural broadband. In our first episode, Larry and JB shared some information on rural broadband, the recently enacted Broadband DATA Act and various virtual meetings conducted with senate and house staff. On this episode, JB and Larry discuss draft legislative language NASBP and the NSPS are pursing and what potential legislative action might be coming down the road. Find out more about NSPS and check out their podcasts, "Surveyor Says!" and "Point of Order".

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

On this first of two episodes Larry LeClair, Director of GR at NASBP and John “JB” Byrd, representing the National Society of Professional Surveyors (NSPS) will share their insights regarding the recently enacted Broadband DATA Act and discussions they have had with various congressional offices including those house members who serve on the rural broadband task force. Larry and JB discuss the start of NASBP and NSPS’s working relationship and where they are now, by tracing the steps and connections they have had with various house and senate offices which have led us to this point!

Find out more about NSPS and check out their podcasts, "Surveyor Says!" and "Point of Order" .

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

On this episode, Marty McCarthy, a member of the NASBP’s CPA Advisory Council and the managing partner of McCarthy & Company, PC, joins us to take a look at the PPP forgiveness process. Borrowers who received PPP loans are asking their CPAs if and how they will qualify for PPP loan forgiveness, as uncertainty over some of the program details exists. Many businesses — especially small businesses — worry about how best to meet loan forgiveness requirements. This episode will discuss loan forgiveness requirements and will pinpoint important factors affecting the forgiveness application process that should be considered first. For more information on COVID-19’s impacts on the Surety Industry visit NASBP’s Coronavirus (COVID-19) Resources and Information page.

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP

On this episode, NASBP past president Bob Shaw, President of Skillings Shaw & Associates, Inc and David Jean, a member of the NASBP’s CPA Advisory Council and principal at the CPA firm of Albin, Randall & Bennett, joins us to take a look at how they are leading their contractor clients through these turbulent times. We discuss how COVID-19 is affecting their construction clients on both public and private projects with delays, backlogs, staffing, overhead, reviewing contracts, re-examining cost to complete, and work on hand schedules. As well as educating clients about Payroll Protection Program (PPP). For more information on COVID-19's impacts on the Surety Industry visit NASBP's Coronavirus (COVID-19) Resources and Information page. 

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

The economy has been upended by the Covid-19 pandemic and headlines on bankruptcy’s have become more and more common. On this episode, Chad Schexnayder who is a partner with the law firm of Jennings, Haug & Cunningham, LLP, and regularly represents surety clients in bankruptcy cases throughout the United States, joins us to take a look at commercial surety account bankruptcy. Chad walks through the commercial surety account sectors that are being hit hardest by bankruptcy. We also discuss red flags before a company files for bankruptcy, how sureties can work to avoid “claw back”, the importance of documentation and communication between the surety, bond producer and commercial surety client to control risk!

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

On this episode, Jack Callahan CPA, Partner - Construction Industry Leader at CohnReznick joins us for the second of a two-part series on the Paycheck Protection Program (PPP). In our first episode we discussed the updates and changes to the program, on this episode we will be discussing what the PPP means for bonding companies. Jack examines how contractors PPP loan debt and deferred payroll taxes will appear on their financial statements and may show the need to re-evaluate the ratios that are used to examine a contractor’s financials. As well as loan forgiveness and the possibility of the public shaming of contractors who have taken advantage of PPP loans similar to that we have seen of other businesses like Shake Shack. Read a full explanation of the PPP Loan Forgiveness Update or for more information on the PPP you can go to both NASBP’s Coronavirus Resources Page or CohnReznick’s Coronavirus Center!

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

On this episode, Jack Callahan CPA, Partner - Construction Industry Leader at CohnReznick joins us in this first of a two-part series on the Paycheck Protection Program (PPP). On this first of two episodes, we discuss the updates and changes that have come out as of the date we recorded on June 26, 2020. Jack chats with us about the changes to the covered period, Loan Forgiveness and EZ Forgiveness Applications, changes in the ratio of forgivable costs, deferral of payroll taxes, FTE Reduction Exceptions, and Safe Harbors, and the changes on the maturity of the loan. As well, as discussing the importance of documentation and audits. This is important information for everyone who has been able to take advantage of the PPP loans and their team of advisors!

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

In this episode, NASBP CEO Mark McCallum and General Counsel Martha Perkins join us to shares insights into the world of Individual Sureties. They share insights into loopholes that individual sureties take advantage of and often don’t come to light until a claim is made against the bond. They also discuss revised federal regulations proposed earlier this year and will begin to eliminate some loopholes. As well as reviewing examples and some easy ways to identify individual sureties.

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP

In this episode, Aldo Pasquariello, Executive Vice President with Insurance Associates an MMA Company, walks us through a case study of a local high school project strained by a subcontractor default. He discusses how this project could have become a disaster, but due to the cooperative efforts of the surety team facilitating a speedy resolution became an unqualified success! If you are interested in learning more about this project check out the Surety Bond Quarterly article by the same title.

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP

In this episode, guest Peter Gibbs, Director, Office of Surety Guarantees at the U.S. Small Business Administration (SBA), shares insights into the SBA’s bonding assistance program and how they are helping contractors. He shares some history of the program, news of exciting updates, and outlines both Plan A and Plan B programs. He also highlights how the great support for the program through the participation of surety company’s and surety bond producers has helped the program grow!

Hosted By:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP