Names and faces
Rick Reisig, Chartered Accountant and CEO and Shareholder of Anderson ZurMuehlen & Co. PC, was appointed to the Board of Directors of the Financial Accounting Foundation, effective January 1, making him the first Montanais to sit on the board.
The FAF, an independent, private-sector nonprofit based in Norwalk, Connecticut, is the parent organization of the Financial Accounting Standards Board and the Governmental Accounting Standards Board.
Reisig brings over 38 years of experience in accounting, auditing and tax advice for individuals, businesses, non-profit organizations and local governments. He is based in Anderson’s ZurMuehlen Great Falls office and oversees the company’s statewide operations.
Anderson ZurMuehlen is a Montana-based certified accounting, business consulting and technology services firm. It was recently named Best Tech Company of 2020 by Accounting Today and the Montana State Employers Council’s Employer of Choice.
News and Notes
Ranchers put beef on a plate for the needy
The Montana Cattlemen’s Association Foundation obtained 15 beef heads made into hamburger in December as part of the COVID Food Pantry Assistance Program and to distribute through the Montana Food Bank Network.
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The “Beef on Every Plate” program was organized about 10 years ago to help feed the needy in Montana. The ranchers donate cows to the program, and the foundation pays for the treatment and donates the burger to food banks and other nonprofits that distribute food statewide.
In July, the foundation received a grant of $ 50,000 from the COVID Food Pantry Assistance Program.
They were able to distribute much of the beef to various Montana nonprofits. The rest of the meat is distributed by the Montana Food Bank Network.
Officials said they learned they were only to use federally or state-inspected factories to process meat. There are 15 factories inspected in Montana and they were told there was a backlog of six to 18 months. Cattleman said the money was to be used by December 31.
The Cattleman said they weren’t able to spend all the money, but were able to process and distribute many meals to the needy Montanais. They said they contributed more than 300,000 meals statewide.
SBA Disaster Loans Available
The US Small Business Administration has declared that the deadline for applying for the economic disaster loan (https://www.sba.gov/funding-programs/disaster-assistance) the COVID-19 pandemic disaster declaration program is extended until December 31, 2021.
The extension is the result of the recent bipartisan COVID-19 relief bill passed by Congress and enacted by President Donald Trump on December 27. To date, the SBA has approved $ 197 billion in low-interest loans that provide working capital to small businesses, nonprofits, and farm businesses going through these tough times.
“Following the President’s statement on the COVID-19 pandemic, the SBA has approved more than 3.6 million loans under our nationwide economic disaster loan program,” he said. said administrator Jovita Carranza.
EIDL loan applications will continue to be accepted until December 2021, pending availability of funds. The loans are offered on affordable terms, with an interest rate of 3.75% for small businesses and 2.75% for nonprofits, a term of 30 years and an automatic deferral of one. year before the start of monthly payments.
All qualifying small businesses and non-profit organizations are encouraged to apply to http://www.sba.gov/disaster.