Banking Library

Welcome to our Banking Library. Below are articles from previous issues of the FBLG Banking Letter. Please visit our library of white papers by clicking here.

Big Depreciation Changes under the New Tax Law

Under the new Tax Cuts and Jobs Act of 2017 there were significant changes to the depreciation rules. Bonus depreciation, Section 179, and auto depreciation all were significantly changed.

Regulatory Changes - 2018 - In With the New

Significant regulatory changes in 2018: Regulation C - Home Mortgage Disclosure Act and the Fifth Pillar for Risk Based Customer Due Diligence in the Bank Secrecy Act

Are You and Your ATM at Risk for Fraud?

ATM upgrades to EMV technology is inevitable, but should be based on a bank's tolerance for risk versus the cost of upgrades. An ATM owner can be held liable for any counterfeit or lost/stolen fraud if the ATM is not EMV chip enabled. Upgrading sooner may reduce costs of fraud.

New Tax Law Impacts Entertainment Expenses

The Tax Cuts and Jobs Act of 2017 has changed the deductibility of entertainment expenses. Businesses may wish to change the way they classify and aggregate expenses to facilitate the preparation of future tax returns.

FASB Takes Action on Deferred Tax Issue

Adjustments to deferred taxes related to unrealized gains/losses on investment securities has revealed a burdensome flaw in current GAAP. FASB to the rescue?