Financial Institutions Services Advisory - Fed statement on investment in banks

Sep 29, 2008

The Federal Reserve Board on Sept. 22 issued a policy statement that clarifies its positions on determining whether investors have controlling interest in banks and bank holding companies and in determining permissible activities of large investors t ...

Explore

Financial Institutions Services Advisory - FBA Meeting

Sep 24, 2008

At a September 23 meeting in Tampa sponsored by the Florida Bankers Association, offi cials of federal and state bank regulatory agencies said liquidity and capital are their main concerns for banks in Florida. One major concern resulting from recent ...

Explore

Financial Institutions Services Advisory - Fed Rates

Sep 16, 2008

The Federal Reserve’s Open Market Committee decided on September 16 to keep its target for the federal funds rate at 2.00 percent. Some fi nancial industry offi cials expected the Fed would cut that key interest rate based on this week’s ...

Explore

Financial Institutions Services Advisory - FDIC Premiums

Sep 12, 2008

The Federal Deposit Insurance Corporation is preparing to raise deposit insurance premiums for insured banks to help restore its Deposit Insurance Fund to its required level. The FDIC on August 26 announced that it is planning that increase because i ...

Explore

Tax Services Advisory - Green Deductions

Sep 5, 2008

This December 31 is the deadline for commercial building owners to complete construction or renovations that qualify for so-called Green Building annual tax deductions of up to $1.80 per square foot. In addition, architects and other persons who are ...

Explore

Tax Services Advisory - Property Tax Abatement Deadlines

Sep 2, 2008

You recently received a notice of Proposed Property Taxes from the Property Appraisal Department (also known as the TRIM Notice). If you believe the assessment to be too high please be advised that the deadlines to fi le an appeal on a property tax b ...

Explore

Employee Retention Strategies That Work for Today's Dealerships

Sep 1, 2008

With sales of new vehicles in a slump that could continue into 2009, many auto dealerships are considering reductions in their workforces or have already started that difficult process. For some dealerships, the easiest route might be an across-the-b ...

Explore

Deter-Detect-Defend: Complying with New FTC Identity Theft Regulations

Sep 1, 2008

This November 1 is the deadline for auto dealerships to have programs in place for compliance with new federal “red flag rules” for preventing identity theft. Under rules issued on Nov. 9, 2007 by the Federal Trade Commission (FTC), deale ...

Explore

Getting to Know OFAC, the “Blocked List,” and the Importance of Monitoring Cash Transactions

Sep 1, 2008

When auto dealers ask which government agencies’ rules are most important in checking vehicle buyers’ backgrounds, I always put OFAC at the top of the list. OFAC is the acronym for the U.S. Department of the Treasury’s Office of For ...

Explore

Deter-Detect-Defend: How Dealers Can Comply with New FTC Identity Theft Regulations

Sep 1, 2008

Deter-Detect-Defend: How Dealers Can Comply with New FTC Identity Theft Regulations By Ira Silver, CPA (isilver@mbafcpa.com) and Trevor Foo (tfoo@mbafcpa.com) published in Professional Auto News Federal regulators are taking new steps to reduce ident ...

Explore