June 2015
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What Can Banks Teach Us About Cyber Security Mitigation?

 

written by Chris Griesemer 
How many hacking incidents can you remember in the past 12 months? Sony, Home Depot, P.F. Changs and Anthem to name a few. These events have definitely affected the awareness of different industries but maybe no more than Financial Institutions. According to their web site, The Federal Financial Institutions Examination Council (FFIEC) is designed to prescribe uniform standards for Banks. Read more...
New Rules for Noncash Donations

 

written by Brenda Logsdon 
The IRS's rules for substantiating the value of noncash contributions are complex and the requirements increase with the value of the donated property. A recent Tax Court case illustrates the importance of compliance with the substantiation rules for noncash donations. Read the full list here...
Is Sub S Still the Best Option for Your Bank?

 

Things to consider about Basel III and tax planning for your bank.
written by Jacque Mattson 
The capital conservation buffer requirement under Basel III will restrict the amount of capital distributions banks are allowed to make to their shareholders. Sub S banks are most affected by this requirement because the bank distributes income to its shareholders who pay the tax whether the bank is able to pay out distributions or not. Read more here...
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