Jody Allred's guest appearances

Jody Allred

Software & Technology by MarketScale

Weaver: Beyond the Numbers

MarketScale Technology

Aracely Rios

Colby Horn

David Hill

David Sawyer

John Dudley

Dan Thompson

Eric Anderson

Michael Longoria

Alexis Kennedy

Andy Weir

Ben Taylor

John Ryan

Chris Devlin

Matt Wood

Paul Johnson

OwlTail

Kurtis Dixon

As Americans shelter in place to help flatten the curve of infection, manufacturing industry leaders have the challenging task of balancing employee health and safety with international supply chain demands like never before. On this episode of Weaver's Beyond the Numbers podcast, host Shelby Skrhak sat down with Jody Allred, Partner-in-Charge for Large Market Manufacturing and Distribution and Technology Services, and Kurtis Dixon, Partner in Tax Services to discuss critical issues facing manufacturing industry leaders who are seeking guidance on handling the unprecedented COVID-19 pandemic. Two industry organizations, Manufacturers Alliance for Productivity and Innovation and the National Association of Manufacturers, recently surveyed the industry, seeking insight on their coronavirus concerns and practical solutions for mitigating the effect. MAPI revealed that pandemic concerns are rising, with approximately 62% of executives expressing moderate or high concern about COVID-19’s impact on global operations when surveyed March 9. This was a significant rise from the first poll in late-January, which reported 37%. "For U.S. manufacturing businesses that operate globally, in a very short amount of time, their perspective changed as more information was known," Allred said. "And from March 9 until today, we're looking at an even more significant change." Whereas the initial and follow-up surveys focused on supply chain issues for essential equipment, such as personal protective equipment, U.S. manufacturers have a new problem emerging, as people are under government orders to stay home and close non-essential businesses. Of note, the largest manufacturer of protective masks for healthcare workers is Wuhan, China, the initial epicenter of the pandemic. "Manufacturers are looking forward at demand locally in the U.S and how that's degrading," Allred said. "That has become a much more significant problem today than what the March 9 survey that was focused on supply chain issues (suggested)." Also on this episode, Dixon discussed the tax implications related to the government's CARES Act, which will provide stimulus relief, and the lesser-known Families First Coronavirus Response Act that was recently passed. "We've had a lot of conversations from small businesses of under 500 people asking how all this works," Dixon said. "The rules can be confusing, initially." It requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19.

As Americans shelter in place to help flatten the curve of infection, manufacturing industry leaders have the challenging task of balancing employee health and safety with international supply chain demands like never before. On this episode of <a href="https://weaver.com/" rel="nofollow" target="_blank">Weaver's</a> Beyond the Numbers podcast, host Shelby Skrhak sat down with <a href="https://marketscale.com/industries/contributors/jody-allred/" rel="nofollow" target="_blank">Jody Allred</a>, Partner-in-Charge for Large Market Manufacturing and Distribution and Technology Services, and <a href="https://marketscale.com/industries/contributors/kurtis-dixon/" rel="nofollow" target="_blank">Kurtis Dixon</a>, Partner in Tax Services to discuss critical issues facing manufacturing industry leaders who are seeking guidance on handling the unprecedented COVID-19 pandemic. Two industry organizations, <a href="https://www.mapi.net/" rel="nofollow" target="_blank">Manufacturers Alliance for Productivity and Innovation</a> and the <a href="https://www.nam.org/" rel="nofollow" target="_blank">National Association of Manufacturers</a>, recently surveyed the industry, seeking insight on their coronavirus concerns and practical solutions for mitigating the effect. MAPI revealed that pandemic concerns are rising, with approximately 62% of executives expressing moderate or high concern about COVID-19’s impact on global operations when surveyed March 9. This was a significant rise from the first poll in late-January, which reported 37%. "For U.S. manufacturing businesses that operate globally, in a very short amount of time, their perspective changed as more information was known," Allred said. "And from March 9 until today, we're looking at an even more significant change." Whereas the initial and follow-up surveys focused on supply chain issues for essential equipment, such as personal protective equipment, U.S. manufacturers have a new problem emerging, as people are under government orders to stay home and close non-essential businesses. Of note, the largest manufacturer of protective masks for healthcare workers is Wuhan, China, the initial epicenter of the pandemic. "Manufacturers are looking forward at demand locally in the U.S and how that's degrading," Allred said. "That has become a much more significant problem today than what the March 9 survey that was focused on supply chain issues (suggested)." Also on this episode, Dixon discussed the tax implications related to the government's <a href="https://www.congress.gov/bill/116th-congress/senate-bill/3548/text" rel="nofollow" target="_blank">CARES Act</a>, which will provide stimulus relief, and the lesser-known <a href="https://www.dol.gov/agencies/whd/pandemic/ffcra-employer-paid-leave" rel="nofollow" target="_blank">Families First Coronavirus Response Act</a> that was recently passed. "We've had a lot of conversations from small businesses of under 500 people asking how all this works," Dixon said. "The rules can be confusing, initially." It requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19.

COVID-19 Concerns Top of Mind for U.S. Manufacturing Leaders with Weaver's Jody Allred and Kurtis Dixon

The new FASB standard is having a drastic effect on lease accounting. Though what you pay isn't changing, how you pay and categorize your leases is seeing a major shift. Under the FASB standard, lessees must use their balance sheet to recognize operating lease assets and liabilities, not just capital leases, which puts a new strain on CFOs and their teams to adjust.  

The new FASB standard is having a drastic effect on lease accounting. Though what you pay isn't changing, how you pay and categorize your leases is seeing a major shift. Under the FASB standard, lessees must use their balance sheet to recognize operating lease assets and liabilities, not just capital leases, which puts a new strain on CFOs and their teams to adjust.

Redefining Lease Accounting with Jody Allred and Colby Horn of Weaver

The new FASB standard is having a drastic effect on lease accounting. Though what you pay isn't changing, how you pay and categorize your leases is seeing a major shift. Under the FASB standard, lessees must use their balance sheet to recognize operating lease assets and liabilities, not just capital leases, which puts a new strain on CFOs and their teams to adjust.   How should companies prepare for these new standards, considering they go into effect for public companies in December, and for private companies a year after that? On today's podcast, we get insight from Weaver's Jody Allred, Partner for Risk Advisory Services, and Colby Horn, Director of Real Estate and Hospitality accounting. Allred and Horn walk us through the exciting changes and the most common pitfalls to avoid under the FASB lease accounting standards, detailing which industries will be affected the most, how the standards have an impact beyond financial reporting, and more simply, defining what will now be considered a lease. 

The new FASB standard is having a drastic effect on lease accounting. Though what you pay isn't changing, how you pay and categorize your leases is seeing a major shift. Under the FASB standard, lessees must use their balance sheet to recognize operating lease assets and liabilities, not just capital leases, which puts a new strain on CFOs and their teams to adjust. How should companies prepare for these new standards, considering they go into effect for public companies in December, and for private companies a year after that? On today's podcast, we get insight from Weaver's Jody Allred, Partner for Risk Advisory Services, and Colby Horn, Director of Real Estate and Hospitality accounting. Allred and Horn walk us through the exciting changes and the most common pitfalls to avoid under the FASB lease accounting standards, detailing which industries will be affected the most, how the standards have an impact beyond financial reporting, and more simply, defining what will now be considered a lease.

Redefining Lease Accounting with Jody Allred & Colby Horn of Weaver