Understanding the Accounting Treatment of Impaired Investments

Jan 1, 2009

For 2009’s first quarter and, most likely, for several succeeding quarters, many banks are facing important decisions on the accounting treatment of impaired investments. Those banks must determine if any of their investments in equities, bonds ...

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Strategies for Banks in 2009: Making Anti-Money Laundering Compliance a Top Priority

Jan 1, 2009

Risk assessment is perhaps the most important component of anti-money laundering (AML) programs, and banks that are headquartered in or have offices in the United States should be continually taking steps to assure that they meet the compliance requi ...

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The Troubled Asset Relief Program (TARP) Provides Challenges and Opportunities for Banks

Jan 1, 2009

For many community banks, one important question during the first half of 2009 could be whether to apply for and later accept funds from the U.S. Department of the Treasury (UST) under its Capital Purchase Program (CPP), which is part of the Troubled ...

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Dealerships and Estate Planning: Why Now Is the Right Time

Jan 1, 2009

Dealerships and Estate Planning: Why Now Is the Right Time By Tony Argiz, CPA/ABV/CFF, ASA, CVA, CFE (mdickler@mbafcpa.com) and Alfred Zeiler, AIBA (mdickler@mbafcpa.com) published in Professional Auto News The challenges experienced during the past ...

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Private Client Wealth Advisory - Madoff Fraud Case

Dec 18, 2008

Morrison, Brown, Argiz & Farra, LLP (MBAF), the largest independent CPA firm in Florida and 43rd largest in the country, has formed a Special Task Force to examine the income tax ramifications to clients, investors, and others who participated ei ...

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Financial Institutions Services Advisory – Federal Reserve Rate Cut

Dec 16, 2008

Frank Gonzalez CPA / CFF, Principal fgonzalez@mbafcpa.com (305) 373-5500 The Federal Reserve’s Open Market Committee announced on December 16 that it has reduced its target range for the federal funds rate from 1.00 percent to a range between 0 ...

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News Dealerships Can Use: Understanding the Emergency Economic Stabilization Act of 2008

Dec 1, 2008

The Emergency Economic Stabilization Act of 2008 contains several tax changes that have important implications for automobile dealerships. As a result, dealers need to pay close attention to the details of its implementation. Key changes include a tw ...

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Understanding LIFO Strategy: Planning Now Can Save Dealers Down the Road

Dec 1, 2008

Times are tough. To make matters worse, your dealership might be facing unexpected taxable income if its inventory is substantially lower now than at the end of 2007. This potential tax dilemma is a result of LIFO Recapture, which is the taxable inco ...

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Tax Strategies for Dealerships in Uncertain Economic Times

Dec 1, 2008

Tax Strategies for Dealerships in Uncertain Economic Times By Daniel Flugrath, CPA, CFP (dflugrath@mbafcpa.com) published in Professional Auto News Auto dealerships will be facing serious challenges in 2009 as they attempt to maintain sales and profi ...

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Financial Institutions Services Advisory - FDIC announces changes in Liquidity Guarantee Program

Nov 24, 2008

The Federal Deposit Insurance Corporation announced on November 21 that it has approved a final rule for its Temporary Liquidity Guarantee Program (TLGP). The program guarantees newly issued senior unsecured debt of commercial banks, thrifts, and cer ...

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