Financial Institutions Services Advisory - FDIC Debt Guarantees

Jun 2, 2009

The Federal Deposit Insurance Corporation on May 29 issued a final rule to its Debt Guarantee Program (DGP), under which it guarantees banking companies’ new issuances of senior unsecured debt. The FDIC’s final rule restates the provision ...

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With Hurricane Season on the Horizon, Now Is the Time for Dealerships to Prepare

Jun 1, 2009

With Hurricane Season on the Horizon, Now Is the Time for Dealerships to Prepare By Tony Argiz, CPA/ABV/CFF, ASA, CVA, CFE ( targiz@mbafcpa.com) and Stuart Rosenberg CPA/ABV (srosenberg@mbafcpa.com) published in Professional Auto News The 2009 hurric ...

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Accounting Services Advisory - Federal Minimum Wage Increases July 24, 2009

May 29, 2009

Since January 1, 2009 Florida’s minimum wage has been $7.21 per hour. In deciding whether the federal or state minimum wage applies, federal law directs that businesses must pay the higher of the two. The Florida minimum wage will prevail over ...

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Financial Institutions Services Advisory - FASB Statement 165

May 29, 2009

The Financial Accounting Standards Board on May 28 issued FASB Statement 165 (FAS 165) on the accounting treatment for subsequent events. The FASB said that FAS 165 is intended to establish general standards of accounting for and disclosure of events ...

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Financial Institutions Services Advisory - FDIC Special Assessment

May 28, 2009

The Federal Deposit Insurance Corporation on May 22 announced that it will levy a special Deposit Insurance Fund (DIF) assessment on all FDIC-insured institutions, based on data as of June 30, 2009. In a final rule the FDIC said the special assessmen ...

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Understanding Flood and Fire Protection and Prevention

May 1, 2009

Floods and fires, as well as hurricanes and other severe storms, are always major considerations for businesses when undertaking preparedness planning for natural disasters. But for dealers, preparing for floods in particular can be a daunting challe ...

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Hurricane Preparation Tips

May 1, 2009

When a storm is on the way, here is what you should do before locking up the dealership: Get two back-up tapes of your system, including the configuration tape. One should go with the Controller, the other with the GM. Print out a list of all your em ...

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Dealerships: Is It Still A Good Time For Estate Planning?

May 1, 2009

Dealerships: Is It Still A Good Time For Estate Planning? By Tony Argiz, CPA/ABV/CFF, ASA, CVA, CFE (targiz@mbafcpa.com) and Alfred Zeiler, AIBA (azeiler@mbafcpa.com) published in Professional Auto News The stock market has been reeling for more than ...

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Automotive Dealerships Advisory - Plan B - Detroit Files Bankruptcy

Apr 23, 2009

With all of the buzz in the air regarding the Federal Government’s continued bailout of the auto industry, it appears quite likely that the insolvency issues can and will be dealt with in the form of an organized bankruptcy. For many businesses ...

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MAS Advisory - Fraud Detection

Apr 23, 2009

Fraud is becoming more widespread as businesses and employees come under increased financial pressure. Those pressures, coupled with some businesses cutting overall staff and cutting budgets for fraud detection, have created an environment that is ri ...

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