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4th and 5

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Posts posted by 4th and 5

  1. 37 minutes ago, orange dream said:

    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.

    This is exactly my question, I was working on a forecast this morning noting the numbers play out like the government did not think this through. 

    If I am a sole practitioner and I pay myself on the 15th normally, but didn't have the funds to do so until PPP loan was funded on the 20th (hence expiration June 15, 8 weeks later), can I pay myself on the 20th for 4/15, 5/15 and 6/15 which would all be within the 8 weeks? Then run my payroll 4/24, 5/8, 5/22 and 6/5. That's really all the "payrolls" I can fit into the 8 weeks.
     

  2. 13 hours ago, Treefidy said:

    So round pupils = ok, slit  pupil = venom?

    any veracity to the story that hogs like to eat rattlers and that it's like a dinner bell, so selection has favored rattle snakes that don't use their rattles?  

     

    Round pupils is not accurate. Helpful, but most definitely not the rule. Why?

    -elapids (coral snakes) have round pupils

    -pit vipers have elliptical pupils MOST of the time, BUT AT NIGHT when they are trying to gather as much light as possible they can be round. Just like a cat. See the copperheads below

    -other slightly venomous rear fanged snakes have elliptical pupils, or not

    Do all poisonous snakes have narrow, slit-like pupils? - Quora

    Any snake ID out there? - Page 3 - The Lodge - Fly TyingHow To Identify A Copperhead Snake? What You Need To Know

     

    night snake

    Texas Night Snake Facts and Pictures

    Lyre snake

    Trimorphodon biscutatus | The Reptile Database

    cat eyed snake

    Cat-eyed snake - Picture of Lookout Inn Lodge, Carate - Tripadvisor

    also the hognose snake is rear fanged but it's venom is only significant if you are a frog

    An Eastern Hognose snake showing it's rear fangs Stock Photo ...

  3. 1 hour ago, krevo said:

    Electronic or dial?  Have you checked with the manufacturer?  I know some of the electronic ones have really shitty keypads that they can sometimes help with.  I've heard of them shipping out new ones that you replace on your own if its the ones you can disconnect from the front of the door.

    Combo is electric (works fine) but the problem is with the wheel, I think something in the door mechanism is disconnected. I checked with the manufacturer, Champion, it is out of warranty. They talked me through it and said it will likely need to be drilled out, compromising the safe and resulting in repairs that make it more efficient to just "brute strength" it for cheap and get a new one.

     

    So I am in the market.

  4. 4 hours ago, pacman said:

    family member works at a small bank in small town Texas.

     

    she processed and funded $10 million just by herself, processed by order of submittal

     

    they are ramping up hard for the second round

     

    its annectdotal but, for the most part, the small banks seem to be getting it done

    Small banks @MaclovioBrownand @cabowabo are getting it done! I can't thank these guys enough.

    • Like 3
  5. So.

    My gunsafe (Champion) won't open.

    Locksmith has tried non-destructive means to open it without success.

    Looks like I will be in the market for a gun safe. Anyone have suggestions/recs/reviews for good or bad safes or a dealer with good prices in Austin or San Antonio? 

     

  6. On 4/20/2020 at 1:19 PM, Brew said:

    Health insurance is included in the definition of payroll costs along with the other payroll related items.

    I was going to ask that question.

     

    So if I am a sole practitioner with 2 employees (I don't pay their health insurance) and I pay for my own insurance premium is that covered as "payroll?"

    What if that amount includes my entire family? Is it just my portion of the premium?

  7. 18 hours ago, pacman said:

    spacer.png

    Poor out a little liquor for your dead homie. (the guy thought it was a cotton mouth)

     

    Tell Thao he killed a diamondbacks water snake. Non venomous.  

  8. 49 minutes ago, Quasimofo said:

    Found this very docile guy under a mesquite tree yesterday. Giving me the side eye.417568e31845d222e96c20fde82cbe03.jpg

     

    I found a fat one like that yesterday and put him in with my 3.5 foot Cali king, they're friends now but they won't be when that king snake finishes digesting that bird I shot and fed him last week

    • Like 2
  9. On 3/27/2020 at 11:20 AM, Buzzrock said:

    Found this little guy in the outdoor fireplace this morning:

    d76fb7e78654de0ffe92938f7315b387.jpg

    710841f5950011189978a49483970350.jpg

    Baby king snake IMO

    Awesome, what a great find!

    They eat anything they can get a hold of and specifically venomous snakes.  

    • Like 1
  10. Are they heavy? Yes. Are you in a foot race? No. If you have scars or other issues they don't fit right. Half the time I forget my neoprene socks and just wear ankle socks, still, no problem. You got to buy them about 3 sizes up and then they are comfortable with your waders and neoprene socks. They have to be just loose enough to kick off.

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