Updates About COVID-19 (Coronavirus) - Learn More

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Coronavirus Aid & Relief: Eligibility for CARES Act, SBA Lending and FFCRA


Virtually everyone is impacted in some way by the virus and the flood of relief programs and decisions for both individuals and businesses can be overwhelming. As funding may be limited, it is important to act quickly.

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Reingruber Alert: Medicare Update & CMS Stakeholder Call


The CMS call with Selma Verna on March 31, 2020, covered important topics on relief efforts for Centers for Medicare and Medicaid Services. Read more in this Reingruber Alert.

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COVID-19's Impact on U.S. Retirement Plans


While decisions about safety and business operations are obviously top priorities now, plan sponsors still must maintain compliance for their retirement plans. We are here to help you navigate these decisions. We address three of the most immediate questions that companies should be considering related to their retirement plans.

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Healthcare Impacts of COVID-19 National Emergency Declaration


President Trump declared a national emergency on March 13 to activate federal assistance and provide financial relief to hospitals and other healthcare organizations based on the Stafford Act. This act allows the federal government to provide COVID-19 funding to state and local governments so they can provide help offset increased expenses while hospitals provide care to COVID-19 patients.

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Telehealth's New Relevancy Amid COVID-19


As it became clear that the spread of the novel coronavirus evolved into a pandemic, the federal government and commercial payers moved with unprecedented speed to allow for the expansion of virtual health visits.

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Operating Cost Reduction Strategies to Consider During Crisis Management and Recovery


In the midst of the COVID-19 crisis, operational challenges are among the top sources of pressure for businesses. Unforeseen costs, disruptions in services and, for most organizations, significant material hits to revenue are top of mind as you navigate new issues related to maintaining facilities and business functions.

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Nacha Update: Providing Relief to Banks & Credit Unions


Nacha issued ACH Operations Bulletin #5-2020 on March 27, 2020, stating that they will not enforce the signature/similar authentication requirement until further notice. Additionally, Nacha will provide temporary relief from deadlines for delivery of certain records that are required under the Nacha Rules.

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The SALT Implications of the CARES Act


On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which among numerous other provisions, modifies certain business tax provisions in the Internal Revenue Code (IRC). The CARES Act modifications will present a new round of state and federal conformity challenges for states, taxpayers, and practitioners.

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CARES Act Fixes the "Retail Glitch" to Make Qualified Improvement Property Eligible for Bonus Depreciation


One of the key provisions of the newly enacted Coronavirus Aid, Relief and Economic Security (CARES) Act that will provide immediate current cash flow benefits and relief to taxpayers, especially those in the retail, restaurant, and hospitality industries, is the long sought-after fix to the “retail glitch.” 

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Reingruber Alert: Medicare COVID-19 Updates & MDS Impacts


There have been changes to SNF Quality Reporting (QRP) and Value Based Purchasing (VBP) Programs - read more on what it means for your facility.

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Reingruber Alert: Medicare/Medicaid Updates & CMS Expanded Accelerated/Advance Payment Program


As we follow the evolution of COVID-19, we'd like to share an important update for healthcare providers regarding Medicare and the CMS Expanded Accelerated/Advance Payment Program.

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CARES Act Signed by President Trump


The Act is intended to have significant impact on the economy by providing loan forgiveness, supporting small businesses, enhancing unemployment insurance, and providing federal loans to industries severely impacted by the pandemic.

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Paycheck Protection Program Offers Forgivable Emergency Loans Under CARES Act


The Paycheck Protection Program provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. Importantly, these loans may be forgiven up to 2.5x the borrower's average monthly payroll costs.

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COVID-19 Resources for Construction & Real Estate Development


We are closely following the evolution of COVID-19 (Coronavirus) and have created a central location for sharing information to assist the construction and real estate development industry.

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Community Reinvestment Act: Modernization Proposal Comment Extension


While you are quarantined at home getting your social distancing on, if you’re a CRA professional for your financial institution, you need to set aside some time to read and review the CRA modernization proposal issued by the OCC and FDIC from December 12th, 2019. The 30-day extension for comments ends April 8th. 

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COVID-19 Resources for Financial Institutions


We are closely following the evolution of COVID-19 (Coronavirus) and have created a central location for sharing information to assist financial institutions.

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Federal Student Loan Relief Available to Borrowers Amid COVID-19


The Department of Education announced a student loan relief package for borrowers impacted by the Coronavirus. This relief only applies to outstanding federal student loans that are owned by the Department of Education.

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SBA Disaster Assistance in Response to the Coronavirus: Low-Interest Loans


In response to the COVID-19 pandemic affecting the small business community across the country, the U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury.

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Payment Deferrals & Compliance Issues: Assisting Borrowers During the Pandemic Crisis


What should Compliance be thinking about as management discusses payment deferrals on loans during the COVID-19 pandemic? 

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CFO Perspective: Observations on Loan Payment Deferrals and the March 31, 2020 ALLL Calculation


As you should have already seen by now, we have received very useful guidance from regulators and from FASB in the past few days regarding how to treat loan payment deferrals related to COVID-19 economic conditions.  

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COVID-19 Resources for the Healthcare Community


We are closely following the evolution of COVID-19 (Coronavirus) and have created a central location for sharing information to assist healthcare providers.

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New IRS Guidance Regarding Tax Due Date Change


The U.S. Treasury Department issued Notice 2020-18 late yesterday postponing the due date of federal income tax returns from April 15, 2020 to July 15, 2020. 

This includes 1st quarter estimated tax payments due April 15, 2020.

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Federal Aid Package Helps Individuals Affected by COVID-19


The Families First Coronavirus Response Act (H.R. 6201),  became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands family and medical leave, enhances unemployment insurance, expands food security initiatives, and increases federal Medicaid funding.

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Employers Can Immediately Provide Tax-Free Qualified Disaster Payments To Employees In Connection With COVID-19


Employers are scrambling to find ways to help their employees who are impacted by the novel coronavirus (COVID-19). Help is available. Now that the COVID-19 has been declared a national emergency, Internal Revenue Code Section 139 can be used to allow employers to make tax-free payments or reimbursements to employees as “qualified disaster payments.”

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Be Prepared for the New Use of Return Reason Code R11


A recently approved amendment to the Nacha Operating Rules will allow financial institutions (FIs) the ability to differentiate between unauthorized return reasons for consumer debits. Read more about this new rule set to take effect on April 1, 2020.

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Important COVID-19 (Coronavirus) Update


As we learn more about the evolution and impact of COVID-19 (Coronavirus), we want to assure our valued clients and friends that we are monitoring the situation closely. At this time, our main concern is for the health and safety of our clients, our employees and their families.

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Common HMDA Errors to Check Before Filing


By now HMDA-reporting institutions are in one of two camps - the HMDA-LAR is already scrubbed and ready for submission or the HMDA-LAR is being scrubbed and with any luck, it will contain no errors and it will be ready just in time for the March 1st deadline. Here are a few common errors found during the scrubbing process...

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Previously Suspended HELOC Line Amounts: Don't Forget TILA


Many of us have seen rising property values in recent years, which is generally a good thing. However, this brings up a regulatory issue for creditors that suspended or reduced the limit on home equity lines of credit due to a significant decline in value resulting from the mortgage financial crisis that began in 2008...

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Saltmarsh Hosts Investments & Taxes Panel Series Throughout Florida


We started the year off on the road with a series of tax and investment-focused educational events across the state of Florida. The events featured an impressive panel of financial planning, tax, estate and investment professionals from Saltmarsh Financial Advisors, Saltmarsh, Cleaveland & Gund, and Dimensional Fund Advisors to shed light on how a ‘one team’ approach to planning for the future provides peace of mind and benefits your bottom line. 

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New Year, New Traditional IRA Rules


The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) has been a hot topic these past few months. The Act, which was signed on December 20, 2019, included many new traditional IRA rules and repeals that you should be aware of. 

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SECURE Act PassesWhat Does it Mean for Retirement Plans & IRAs?


The Department of Labor issued a final rule on association retirement plans and a proposed rule to establish an additional safe harbor for electronic delivery of notices and disclosures. The Setting Every Community Up for Retirement Enhancement Act of 2019, or SECURE, was added as Division O to the Further Consolidated Appropriations Act, 2020 (FCAA) and here is everything you need to know.

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The Statistics Are In: Saltmarsh Exceeds Its Community Service Goal During 75th Anniversary in 2019


“Service is at the core of our business, and it was truly an honor to give back in our communities across Florida and Tennessee to bring greater awareness to the many needs and organizations working to make a difference,” said Lee Bell, Saltmarsh president.

While honoring our 75th anniversary during 2019, we achieved 2,306 additional community service hours, 362 hours past our goal of 1,944 hours to mark the year we were founded.

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Are You Ready for New Rev Rec Standards?


The day of reckoning is fast approaching for compliance with the new revenue recognition standard, Revenue from Contracts with Customers, or ASC 606.  For Healthcare providers, the standard requires unique considerations for mitigating risk.  

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Key Questions for the Long-Term Investor


Whether you’ve been investing for decades or are just getting started, at some point on your investment journey you’ll likely ask yourself some questions. Trying to answer these questions may be intimidating, but know that you’re not alone. Your financial advisor is here to help. While this is not intended to be an exhaustive list it will hopefully shed light on a few key principles, using data and reasoning, that may help improve investors’ odds of investment success in the long run.

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Saltmarsh Named One of Forbes' Top Recommended U.S. Tax Firms


We have been chosen by our industry peers to be honored as one of Forbes Top Recommended Tax firms in the U.S.

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2019 Year-End Tax Planning Guides Are Now Availablefor Individuals & Businesses


While this time of year is often busy, we encourage you not to overlook year-end tax planning. Check out the 2019 Year-End Tax Planning Guides to help get you started.

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Service Spotlight: Demolishing Hunger


We got in the spirit of giving back by kicking-off the holiday season with our "Demolishing Hunger" supply drive!

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Mariana Sawh Adds Certified AML and Fraud Professional to Her Credentials


We are proud to announce that Mariana Sawh has officially been designated a Certified AML and Fraud Professional (CAFP) through the American Bankers Association. 

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Quick Tips for Your Internship


Internships are valuable experiences that every up and coming professional should take advantage of during the recruiting process. While obtaining my degree, I took part in two different internships and the soft skills that I learned became just as important as the technical skills.

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Saltmarsh Bank Advisors Host Inaugural Bank Event in Nashville, TN


Our Bank Advisors proudly hosted their inaugural Community Bank Events in Nashville, Tennessee on November 5th. The events consisted of a Compliance Funnel and Executive Form designed to cover timely topics in strategic management, technology, and regulatory compliance. This year’s lineup included FinTech, private flood insurance, cybersecurity, and an industry update by the Tennessee Bankers Association.

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Credible Challenge: How Can You Prove It Happens?


A couple of years ago during my bank director training, I kept hearing an unfamiliar term - “Credible Challenge”. I left the training with a strong impression that boards are expected to demonstrate the ability to credibly challenge management on key decisions... but how can you prove it happens? 

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Service Spotlight: United Way Day of Caring


Every fall United Way of West Florida hosts its community-wide Day of Caring, and for over 20 years our staff has joined the initiative to assist local organizations, non-profits, and schools.

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Saltmarsh Hosts 4th Annual Construction Industry Update


On Thursday, October 17th, the Construction Advisors at Saltmarsh hosted their 4th Annual Construction Industry Update. The half-day seminar featured local experts who spoke on important industry concerns and developments in our region.

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Service Spotlight: 2,000 Hours & Counting!


We have officially broken the 2,000-service hour threshold! Let’s look back at some of the projects that helped us reach our community service goal...

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FASB New Lease Standard Quick Reference Guide


In February 2016, the Financial Accounting Standards Board issued the new leasing standard in the Accounting Standards Update 2016-02. FASB has recently voted to delay implementation of the standard for small reporting companies, non-SEC public companies, and private companies to 2021. Saltmarsh has assembled a quick reference guide to help readers gain a basic understanding of lessee accounting under the new standard. 

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Saltmarsh Surpasses Community Service Goal for 75th Anniversary


We are excited to honor our founding year, 1944, by contributing more than 1,944 community service hours! We've achieved this goal three months ahead of schedule in 2019 and can't wait to see how many hours we are able to contribute by the end of our 75th anniversary year.

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End of Life in Less Than 6 Months!


There is nothing scarier than learning that your favorite computer systems will be ending. Beginning January 2020, Windows 7, Windows Server 2008, and Windows 2008 R2 will no longer be supported. Learn more about what this means and how to prepare for the Windows end of life.

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Saltmarsh Hosts 14th Annual Community Bank Events in Tampa


In conjunction with our 75th Anniversary celebration in Tampa, the Bank Advisors at Saltmarsh proudly hosted their 14th Annual Community Bank Events! Designed to cover the essential areas of regulatory compliance, IT, executive and strategic management, the series offers a comprehensive view of what is impacting community banks throughout the region. 

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WEBINAR: "PDPM - Ready or Not, Here it Comes!"Join us for a free PDPM webinar!


As the October 1st deadline rapidly approaches, the Saltmarsh Healthcare Consulting team has put together a two-hour webinar. This free webinar will be held on Friday, September 20th, from 10:00 am - 12:00 pm. 

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Timing Isn't Everything


A neighbor or relative might ask about which investments are good at the moment. The lure of getting in at the right time or avoiding the next downturn may tempt even disciplined, long-term investors. The reality of successfully timing markets, however, isn’t as straightforward as it sounds.

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NACHA Update: Providing Faster Funds Availability Rule


Effective September 20, 2019, the Faster Funds Availability Rule will provide faster funds availability for many ACH credits. This new Rule increases the speed of funds availability for certain Same Day ACH and next-day ACH credits. Read more about the steps you need to take and how you can get assistance.

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Service Spotlight: Back-To-School Supply Drive


We got in the back-to-school spirit with a month-long School Supply Drive benefitting Guardian ad Litem circuits in our local areas!  

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Gearing Up for the CPA Exam


We all know that passing the CPA exam can be difficult, but the personal and professional rewards are well worth it. Check out these six tips to help you time manage your studying in the weeks leading up to the big day! 

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The One Where Saltmarsh Goes '90sAnother Busy Season in the Books!


We sang “Candle in the Wind” to the 2019 “busy season” with a ’90s themed party to celebrate the hard work and dedication of our team!

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Service Spotlight: Building a Better Community


When we set out to contribute 1,944 service hours in honor of our founding year, we thought it would take the entire year to complete… but at the rate we’re going, we will surpass our goal in no time! Check out the service projects we worked on in the month of June.

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Elder Financial Exploitation by the Numbers


With the dedicated Elder Abuse Prevention Month of June behind us, it is important to not rest on your laurels. Elder financial abuse and exploitation quadrupled from 2013 to 2017. See what financial institutions have reported and the steps they take to protect this vulnerable group.

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The Young Professional's Guide to Networking


While technical skills in any job are extremely important, networking is a large part of making businesses go ‘round. Check out these tips and tricks that will sharpen your skills and turn you into the networking professional you were born to be.

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An Important Resource from the FDIC


For those of us “Compliance Geeks,” the recent release of the FDIC’s June 2019 Consumer Compliance Supervisory Highlights publication is like getting the very first copy of the newest book on the Best Seller list. Check out what high-level consumer compliance activities passed examinations and those that fell short.

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Staying Ahead of Change


Organizations thrive on the transformative nature of technology. But how can accounting professionals and business leaders provide excellent service while the rules of the game keep changing?

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NACHA Update: Return for Questionable Transaction Rule


Staying in compliance can be challenging, but staying up to date doesn't have to be. Check out what NACHA rule just came into effect and how you can get assistance.

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Gone Phishing? Tips to Avoid Email Compromise


Securing your email environment is one of the most cost-effective ways to prevent yourself from becoming a part of a phishing scam. Check out these tips to avoid email compromise with Office 365 to protect you and your company. 

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Beacon: Summer Leadership ProgramMay 29th - 30th, 2019


On May 29th, Saltmarsh hosted 11 accounting students from various universities in the southeast for our Beacon Summer Leadership Program. The students joined us at the Pensacola office to take part in this 2-day event with the goal to leave with the skills to navigate life after college in the professional workplace. 

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Service Spotlight: Celebration of 1,000+ Service Hours!May 2019


The month of May was especially busy for our Saltmarsh team and consisted of several service projects which resulted in a huge jump toward our community service goal... 

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Bring Your Dog to Work Day!


Last Friday was paws-itively the best way to kick-off Memorial Day weekend when the fur-babies of Saltmarsh infiltrated our Pensacola and FWB offices for “Bring Your Dog to Work Day!” 

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Saltmarsh Financial Advisors Host 6th Annual Night at the Ballpark


It was a beautiful day at the ballpark on May 16th when Saltmarsh Financial Advisors hosted their 6th Annual client appreciation night at the Pensacola Blue Wahoos!

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The Latest on PDPM


Have you heard the latest on PDPM from CMS? CMS recently spoke to SNFs in St. Louis on May 7-8, 2019 on MDS 3.0, QRP and PDPM and we were there to bring you the latest!

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Service Spotlight: Helping Hands Happy HourApril 2019


Our team has been working hard to reach our goal of 1,944 community service hours through various service projects across the region and for the month of April, our service project of choice benefited Manna Food Pantries! 

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Submission Deadlines for FRVS Survey Data


DUE APRIL 30, 2019: Submission of updated FRVS survey data to AHCA. The FRVS survey data will be used to calculate your 10/01/2019 FRVS rate.

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Using HMDA Data to Identify Fair Lending Risk


After you have had a chance to catch your breath from this whirlwind year of regulatory adjustments to the HMDA regulations, you may want to consider using the data to evaluate the potential for fair lending issues.  

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The Value of Mentoring: Mentorships Drive Success


Have you ever been in a mentor-mentee relationship that exceeded expectations? Did you grow beyond the parameters of the mentorship? Many mentor-mentee relationships are far from one-sided, in fact, they have room to be as multi-dimensional as you let them be with a give and take approach.

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Service Spotlight: Say Yes to Your DressFebruary & March 2019


Saltmarsh has embarked on a mission to contribute 1,944 hours of community service in recognition of our founding year, 1944. For February and March, our service project of choice benefited the GFWC South Baldwin Women’s Club!

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Saltmarsh Financial Advisors' Clients Benefit from Investment Event Series in Tampa and Pensacola


Saltmarsh Financial Advisors started the year strong with a captivating series of investment-focused educational and networking events across the state of Florida. The series focused on identifying fundamental errors many investors have made throughout their investment journey and provided recommended solutions to avoid future pitfalls.

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Learning from the CFPB's 2018 Fair Lending Report


In December 2018, the Consumer Financial Protection Bureau (the ‘Bureau’) released its annual Fair Lending Report, covering its fair lending-related activities during 2017. The report includes a listing of the most common Equal Credit Opportunity Act (ECOA)/Regulation B violations, that may serve as a checklist for reviewing your own institutions’ processes.

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The Value of Mentoring: Finding What Works for You


When it comes to learning and growing as a professional, there is no true “one size fits all” approach that works for everyone. We asked members of our Business Development program to share the single most important thing they have personally learned as a mentor or mentee. 

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Acceptance of Private Flood InsuranceFrequently Asked Questions


The long-awaited final rule regarding the acceptance of private flood insurance policies has been released. The rule, effective July 1, 2019, requires regulated lending institutions to accept policies that meet the statutory definition of “private flood insurance." We have received and answered several questions regarding the final rule and want to share these here with the assumption that other industry participants have the same questions.

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How to Create a Meaningful Company Slogan that Sets Your Brand Apart


A branding success story and a role model for all organizations seeking to define and differentiate themselves in the marketplace.

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NCUA Priorities for 2019


The National Credit Union Administration (NCUA) has outlined their primary areas of supervisory focus for 2019, in its Letter to Credit Unions. 

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Is It Time to Reassess Your Investments?


U.S. stock markets hit their most recent peak in August 2018 and slowly declined through October, with the months of November and December experiencing frequent price swings. December alone had multiple days of sharp declines along with dramatic upward swings. So, should the recent volatility cause you to reassess your investment portfolio? 

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Saltmarsh Teams Increase Charity Work As Part of 75th Anniversary Effort to Make a DifferenceDay of Service | January 11, 2019


As 2019 began, Saltmarsh completed its celebration of Culture Week, a company-wide event highlighting days of honesty and integrity, quality service, creativity, and respect. The week ended in a service day honoring the firm’s guiding principle, “achieving success by contributing to the success of others.”

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Safe Harbor Rules for Rental Real Estate


IRS issued a flurry of guidance regarding Section 199A Qualified Business Income and Deduction on Friday, January 18th. One such item was Notice 2019-07, a proposed revenue procedure that creates a safe harbor rule for treating certain rental activities as a trade or business for §199A purposes.

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Saltmarsh CPA - Who We Are

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Saltmarsh CPA - What We Do

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Saltmarsh offers a full range of professional services to accommodate your needs – from tax planning and accounting services to information technology and employee benefits consulting.

Saltmarsh CPA - Who We Serve

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