Financial Institutions

INSPIRED TO KEEP YOUR FOCUS ON WHAT MATTERS

Take pressure off the day-to-day and gain more time for serving customers.

Take pressure off the day-to-day and gain more time for serving customers.

We see it every day—more regulations. More competition. More technology needs. Financial institutions are continually being asked to do more with the same resources. It’s the new normal for the industry, and it doesn’t seem to be going away anytime soon. Having a trusted advisor by your side can help you relieve that strain and put your attention back where it belongs—on your customers.

PPP Loan Forgiveness Modeling Tool

Help your borrowers work through their Paycheck Protection Program forgiveness with consistency and confidence with the help of our loan forgiveness modeling tool.

CECL Implementation and Compliance

The Current Expected Credit Loss (CECL) model has had a far-reaching impact on banks. For many, the impact is yet to be seen as delays continue to push the required implementation date back. However, strategic, proactive banks are taking the extra time to develop a game plan to implement CECL correctly in their organization.

Latest Insights

January 12, 2021
Article
Many organizations negotiated lease concessions during the pandemic, and the Financial Accounting Standards Board (FASB) now has guidance related to the proper treatment of these concessions.
January 11, 2021
Article
On December 27, 2020, President Trump signed the Consolidated Appropriations Act of 2021 (CAA) into law. Aspects of this act may provide some additional opportunities to banks and bankers.
January 8, 2021
Article
The second draw PPP loans are here. Here’s what you’ll need to consider for compliance and loan forgiveness.
December 29, 2020
Article
The COVID relief legislation, signed into law on December 27, 2020, includes an extension and enhancements to the Employee Retention Credit (ERC) along with technical corrections.
December 28, 2020
Article
There is a lot to unpack in the new COVID-19 relief and tax extender legislation that was just passed. Here is what you need to know.
December 23, 2020
Article
Once signed into law, new Paycheck Protection Program legislation will create substantial changes for both existing and new PPP borrowers. We break down the details.
December 18, 2020
Article
It is highly unlikely that you will go through 1099 filing season and not come across one required correction, but correcting forms is easy once you understand the process.
December 16, 2020
Article
Does your business purchase gift cards for your employees? If so, you need to make sure you’re not missing this important reporting step.
December 15, 2020
Article
There are several items to consider as you prepare for year-end planning. Start 2021 right with these tips.
December 14, 2020
Article
The term year-end may just create visions of financial statements in your head, but there are a lot of other things to consider during this critical time in a business’s year. Here are the top 10.
December 10, 2020
Article
Failing to file correct information returns or furnish the correct payee statements can result in costly penalties.
December 8, 2020
Article
Financial institutions have been among the most greatly impacted organizations in terms of the COVID-19 pandemic. They were subject to the same health safety measures as other businesses, yet most of their services remained essential—even more so as …

Contact

Gary W. Smith
Gary W. Smith
Partner-in-Charge of Financial Institutions
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