Resource HubPosts By Category
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness PART 8
1/12/2021
On December 21st, Congress passed the long-awaited $900 billion COVID-related Tax Relief Act (COVIDTRA) as part of the Consolidated Appropriations Act, 2021. In this webinar, we break down the PPP provisions, discuss the latest guidance from the SBA, and more. Access materials here.
Selecting an Anti-Money Laundering Software for Your Institution (Part 2 of 3)
12/1/2020
(Part 2 of 3) Selecting your financial institution’s anti-money laundering (AML) software is a highly critical and usually expensive decision. There are five key decision-making steps to help avoid common pitfalls during the process: planning, implementation, initial testing, activity analysis, and ongoing maintenance.
Creating a Culture of InnovationFireside Chat
11/4/2020
In this first-ever Saltmarsh Fireside Chat, Kristen Stogniew, Esq., CFE, and the panel tackle an important issue not often associated with community banking – innovation.
Selecting an Anti-Money Laundering Software for Your Institution (Part 1 of 3)
10/27/2020
(Part 1 of 3) Selecting your financial institution’s anti-money laundering (AML) software is a highly critical and usually expensive decision. There are five key decision-making steps to help avoid common pitfalls during the process: planning, implementation, initial testing, activity analysis, and ongoing maintenance.
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part VII
9/17/2020
In this webinar we provide real-world scenarios to answer your common questions related to the deadline to file, payroll taxes, potential new bills, and latest guidance. Access webinar materials here.
ALLL: Do Big Banks Know Something that Community Banks Don't?
8/28/2020
Community banks are fighting many headwinds, the remote working environment, squeezed net interest margin, and deferral of loan payments to name a few. One thing most community banks may not have addressed is the need to increase their Allowance for Loan and Lease Losses (ALLL) for COVID-19 related risk.
Bank CFO Update: Comments Regarding Recent Regulatory Guidance on Loan Modifications
8/18/2020
With all the attention on PPP loan origination and forgiveness, the issue of how to account for loan modifications has been left simmering on a back burner. In recent weeks, two regulatory releases provided helpful and practical guidance for community bankers already thinking about how best to consider the proper loan credit grade for loans impacted by COVID.
Bank Directors and Executive Management: Thoughts on Strategic Planning for 2020
8/11/2020
If you are like most community bankers, you are probably feeling about as refreshed and full of energy as a marathon runner at the 24-mile marker. Almost all community banks are facing the same basic banking challenges currently, and that list of challenges would be a great start in identifying the issues to discuss and consider during a Strategic Planning meeting in the current environment.
Temporary Suspension of Reclamation Debits Scheduled to End August 17, 2020
8/4/2020
The Bureau of the Fiscal Service will remove the suspension that was instituted on April 2, 2020, regarding the process of debiting a Receiving Depository Financial Institution’s (RDFI) Federal Reserve Bank (FRB) master account.
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part V
7/23/2020
Our webinar provides practical real-world scenarios to highlight key changes since the start of PPP, including current events, hot topics, potential new bills, and latest guidance on forgiveness applications. Access webinar materials here.
AICPA Issues Accounting Guidance for PPP LendersTechnical Questions and Answers (TQA) under Section 2130
7/2/2020
PPP lenders have had many questions about how to account for these types of loans and report on their arrangements. The AICPA and its Depository Institutions Expert Panel have released several Technical Questions and Answers (TQA) under Section 2130. We've summarized the TQAs related to PPP Loans here.
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part IV
6/30/2020
Our webinar provides practical real-world scenarios and focuses on key considerations for PPP loan forgiveness, including the latest guidance on new forgiveness applications, and 8-week vs. 24-week decisions and pitfalls. Access webinar materials here.
PPP Loan Forgiveness Assistance
6/11/2020
If your business has received a Paycheck Protection Program (PPP) loan from the Small Business Administration (SBA), you may be concerned about meeting the loan forgiveness requirements. Our team can assist with reviewing forgiveness applications that present questions or need additional analysis and are here to address your questions regarding overall forgiveness.
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part III
6/10/2020
Our presentation held on Wednesday, June 10th discussed the Paycheck Protection Program Flexibility Act (PPPFA), properly documenting expenses and answering frequently asked questions so you can maximize your PPP loan forgiveness. Access webinar materials here.
Identifying Third-Party Senders for Financial Institutions
6/10/2020
The need to identify and control risk in ACH origination should be a top priority for all Originating Depository Financial Institutions (ODFIs). Identification of third-party senders is a key part of risk discovery. Below are some keywords that can be used to search your database and/or originator files to help identify possible third-party activity.
Nacha's Upcoming ACH Contact Registry Rule Requirement
6/4/2020
Financial institutions constantly seek ways to contact and communicate quickly with other financial institutions about specific ACH payment issues and exceptions. Nacha created the ACH Contact Registry Rule (the Rule) to help facilitate this process. Effective July 1, 2020.
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part II
5/28/2020
Our presentation held on Thursday, May 28th reviewed the latest guidance on properly documenting expenses for PPP loan forgiveness and the interim Final Rule. Access webinar materials here.
SBA Loan Review Procedures and Related Borrower and Lender Responsibilities
5/27/2020
On Friday, May 22, 2020, the U.S. Small Business Administration issued guidance for the Paycheck Protection Program Requirements related to SBA Loan Review Procedures and Related Borrower and Lender Responsibilities. We have prepared a summary of this guidance for banks and credit unions.
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part I
5/14/2020
In response to the impacts of COVID-19, many businesses have received funding through the Paycheck Protection Program (PPP) under the recently passed CARES Act and we have held a webinar on key considerations for PPP loan forgiveness. Access webinar materials here.
COVID-19 is Accelerating the Rise of the Digital Economy
5/8/2020
Digital transformation is necessary during this crisis, but that doesn’t mean it will look the same as it did before the pandemic. New problems and opportunities have come to light with greater urgency. For some businesses, the forces of disruption may be so great that the long-term strategic vision will need to be overhauled.
WEBINAR MATERIALS: How COVID-19 is Impacting Retirement Planning
5/7/2020
The Coronavirus Aid, Relief, and Economic Stimulus Act, or “CARES Act” brought important changes to retirement plans that every investor should be aware of. Learn about these changes, how they are impacting retirement planning, and what actions you should take to have an investment plan you can stick with to achieve peace of mind. Access webinar materials here.
Impact Of The Cares Act On Financial Institutions And Specialty Finance Entities
5/6/2020
COVID-19 has created significant uncertainty for financial institutions and specialty finance entities. CFOs and financial leaders can help their organizations on the path back to growth by leveraging all applicable CARES Act provisions in their accounting strategies. Here are highlights of some of the key financial statement areas that are impacted by the CARES Act to date.
CARES Act Impacts on Net Operating Losses: Frequently Asked Questions
5/3/2020
The CARES Act includes changes to the tax treatment of business net operating losses (NOLs) for corporations and other taxpayers. Given the significant role NOLs can play in increasing cash flow and helping to mitigate financial distress, we’ve compiled Frequently Asked Questions around NOLs to help break down the latest changes in the CARES Act and what they mean for your business.
WEBINAR MATERIALS: Staying Connected & Empowering Your Team Using Collaboration Tools
4/30/2020
When it comes to working remotely, using virtual tools, and leveraging technology, what can business owners and managers do today that will help ensure they emerge successfully from the COVID-19 pandemic? Access webinar materials here.
Documentation & Accounting for PPP Loan Forgiveness
4/21/2020
As many of our clients have already started receiving their Payroll Protection Program (PPP) loan proceeds, the Saltmarsh COVID Recovery Response Team is recommending guidelines for how these loans should be handled, both from the operations and accounting (recording on the books) standpoints.
Past Posts By Category
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness PART 8
- Selecting an Anti-Money Laundering Software for Your Institution (Part 2 of 3)
- Creating a Culture of Innovation
- Selecting an Anti-Money Laundering Software for Your Institution (Part 1 of 3)
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part VII
- ALLL: Do Big Banks Know Something that Community Banks Don't?
- Bank CFO Update: Comments Regarding Recent Regulatory Guidance on Loan Modifications
- Bank Directors and Executive Management: Thoughts on Strategic Planning for 2020
- Temporary Suspension of Reclamation Debits Scheduled to End August 17, 2020
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part V
- AICPA Issues Accounting Guidance for PPP Lenders
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part IV
- PPP Loan Forgiveness Assistance
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part III
- Identifying Third-Party Senders for Financial Institutions
- Nacha's Upcoming ACH Contact Registry Rule Requirement
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part II
- SBA Loan Review Procedures and Related Borrower and Lender Responsibilities
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part I
- COVID-19 is Accelerating the Rise of the Digital Economy
- WEBINAR MATERIALS: How COVID-19 is Impacting Retirement Planning
- Impact Of The Cares Act On Financial Institutions And Specialty Finance Entities
- CARES Act Impacts on Net Operating Losses: Frequently Asked Questions
- WEBINAR MATERIALS: Staying Connected & Empowering Your Team Using Collaboration Tools
- Documentation & Accounting for PPP Loan Forgiveness
- View All Posts
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