Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

July 23, 2020

If a company lost a contract in March/April 2020 and the employees working on the contract transferred over to the new company that took over the contract, will that reduction still affect the FTE calculation?

Posted by Armanino Financial Advisory Team

Yes. The number of FTEs during your Covered Period was likely reduced as compared to your chosen baseline period in the FTE Reduction Factor calculation. The reason you outlined does not qualify as an FTE Exception.

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