Hover over graphic to pause slideshow


Bus Weekly - Bus Solutions
  • mci-covid
  • ABC
  • ABC Companies
  • prevost202005


 

08/11/2020

 


  PPP Loan Forgiveness - What You Need to Know

 

From Bus & Motorcoach News:

Tracy Fickett has successfully paired her love of accounting with her passion for the motorcoach industry.

Her mom, Elaine Fickett, and sister, Jody Merritt, operate their third-generation H&L Charter in Southern California.

"I grew up with that bus parked out in front of the front yard that my dad drove to bingo," said Fickett. "Eventually, I ended up on the inside, handling some financial matters  - accounting, loan compliance and things like that - within the company."

The trained CPA has an MBA and holds three CPA licenses. Her accounting business, BUSBooks, specializes in the bus industry. Fickett has become well-versed in how the Paycheck Protection Program impacts motorcoach operators. She shared her expertise and answered UMA questions during a recent Town Hall session.

Current forgiveness rules require 60% of funds be spent on payroll costs. That’s down from the original 75% requirement. Eligible non-payroll costs can include business rent or lease payments, mortgage interest payments and utility payments.

What's forgivable?

Current forgiveness rules require 60% of funds be spent on payroll costs. That’s down from the original 75% requirement. Eligible non-payroll costs can include business rent or lease payments, mortgage interest payments and utility payments. Payroll costs include gross wages and salaries, sick pay, paid time off, and state and local taxes on payroll. This includes contributions to employee health insurance and retirement plans, but not federal unemployment tax, federal unemployment insurance or matches to Medicare and FICA.

READ MORE >

 

 
  ETA Transit Systems Hires Gnerre as Transit Consultant

 


    From Bus Ride Magazine:

ETA Transit Systems is pleased to announce the addition of Michael Gnerre to its team. Gnerre will inform business development strategies, improve customer engagement, and expand market awareness of ETA and its cutting-edge intelligent transit system (ITS), SPOT™.

Gnerre brings over 40 years of hard-earned mass transit experience to ETA Transit. His is a wealth of knowledge that will help ETA customers solve real-world challenges.

"Whenever you have the opportunity to add someone with his pedigree, you do it," says ETA CEO Nicole Castonguay. "Michael brings a unique set of insight and wisdom that will prove invaluable as we continue to push the envelope on what is possible within a competitive transit technology field."

As ETA continues to expand its reach within transit markets, Gnere's relationships within the industry will open doors to new customers who could benefit from the unique value and capabilities of the SPOT™ ITS.

READ MORE>

ETA Transit Systems is pleased to announce the addition of Michael Gnerre to its team.

 

SARDO - Bus & Coach Upholstery

 
  Cummins and Navistar Extend Engine Partnership
 

Cummins Inc. and Navistar International Corp. recently extended its partnership through the next two emission cycles, with Cummins being selected as Navistar's preferred supplier of medium-duty and heavy-duty big bore engines for International Trucks and IC Buses in the U.S. and Canada.

  
     From School Bus Fleet:

Cummins Inc. and Navistar International Corp. recently extended its partnership through the next two emission cycles, with Cummins being selected as Navistar's preferred supplier of medium-duty and heavy-duty big bore engines for International Trucks and IC Buses in the U.S. and Canada.

Cummins launched the 2021 greenhouse-gas-compliant X15 Efficiency Series engine this past year, making the 15L engine available to International Truck customers.

The Cummins B6.7 and L9 engines will continue to power International MV and HV Series trucks, as well as Navistar's IC Bus CE and RE Series school buses.

READ MORE >

 

 

LIMITED TIME OFFERS
available only on BUS WEEKLY

Bus Weekly created and distributed by BusyBrain, Inc. - Electronic Marketing Since 1999