K·Coe Insights: Posts authored by

Sandy Sporleder

Is a ‘Reg B Appraisal Notice’ Required when Applications are Denied or Withdrawn?

By Sandy Sporleder | July 19, 2021
Reading Time: 2 minutes Regarding the Regulation B Appraisal Notice, we frequently get the question of whether it’s necessary if the application is denied or withdrawn.  Reg B {§ 1002.14} is not very clear on this issue; and you may think the answer is crazy.  I think we all know that sometimes regulations just …

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Did you Know?: Your Bank’s Cyber Vulnerabilities may be Public Knowledge

By Sandy Sporleder | July 19, 2021
Reading Time: 2 minutes Did you know there might be information about your bank’s cyber vulnerability on the internet? Or that it’s common for a hacker to have access to a system months before an exploit? Or that ‘one password’ compromised is what brought down the entire Colonial pipeline recently? K·Coe’s cybersecurity consultants explain …

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Main street and Elm in Rogers, Arkansas

FASB Issues Goodwill Triggering Relief for Private & NFP Companies

By Sandy Sporleder | June 8, 2021
Reading Time: < 1 minute Due to the time consuming, difficult, and often costly analysis involved in testing goodwill impairment of a triggering event, FASB has issued a new standard to provide an alternative evaluation for private and not-for-profit (NFP) companies. Private and NFP companies can now elect to perform a goodwill trigger event assessment …

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TEFRA Revisited: Be Careful to Consider Tax Implications

By Sandy Sporleder | February 25, 2021
Reading Time: < 1 minute As we’re preparing tax returns, we’ve noticed a lot more activity in non-bank-qualified bonds.  As you’re pricing these bonds, you’ll want to take into consideration the tax implications.  The projected yield may not be what you think it is. Over the years, there has been lots of discussion regarding the …

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Business Tax Update: New 1099 Nonemployee Compensation Tax Form for 2020 Tax Year

By Sandy Sporleder | January 18, 2021
Reading Time: 3 minutes After a 38-year absence, Form 1099-NEC has made its return in the 2020 tax year, and its January 31 deadlines are right around the corner.  Don’t panic – here’s everything you need to know about the revived form, and how it is intended to be used. For the last few …

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