In this episode, Travis Hersom and Darren Fishell discuss how institutions and businesses can use business intelligence to their advantage and what they should consider including data pipelines, data quality, visualization, and security. 

In this episode of Issues of Interest, Nick Amann speaks with Adam Aucoin about the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) bill that is currently in the Senate.  Adam discusses what the current bill includes and the potential impacts for banks and financial institutions if it passes.

More information on the how the bill could impact individuals can be found here. 

In this episode of Issues of Interest, Zach Porter speaks with Pat Morin about third-party vendor management for banks and financial institutions.

Pat outlines common reasons banks and financial institutions use third-parties and how to monitor those third parties and the related risks. He also discusses how to ensure third-parties provide the information needed for evaluation, and what your options are if you have concerns over the level of service or information provided by  third-parties.

More information on the FDIC's recent guidance on evaluating third-parties can be found on our website. 

In this episode of Issues of Interest, Adam Aucoin speaks with Connor Smart  about deferred compensation and 409A. Connor explains what 409A is, why it is important, and what the consequences and penalties are for noncompliance. With the severe consequences of 409A plan failure in mind, Adam and Connor discuss some of the key points to keep a plan compliant under 409A, where plan failures most often occur, and some of the tax planning nuances and complexities surrounding nonqualified deferred compensation plans.

In this episode of Issues of Interest, Adam Aucoin speaks with Tabitha Lamontagne about what they heard earlier this month at the Bank Tax Institute. Their discussion includes insights on the Employee Retention Credit, tax planning in a rising interest rate environment, deductions and timing issues, and what they are watching in the economic outlook.  

In this episode, Pat Morin speaks with Pawel Wilczynski about  the current cybersecurity landscape, covering issues impacting the banking industry such as ransomware and third-party risk, as well as  strategies organizations and bank leaders can use to minimize cyber risk. 

For additional resources check out: 

https://www.bnncpa.com/resources/cybersecurity-risks-in-the-banking-industry/

In this episode of Issues of Interest from Baker Newman Noyes, Mark Haberland, of Darling Consulting Group, joins Jordin Milano, assurance senior manager at Baker Newman Noyes, to discuss the current state of CECL model validations and some things to consider as institutions adopt and implement their models. You can see additional corresponding materials here:

CECL is coming - Is your institution ready? by Joseph Jalbert: https://www.bnncpa.com/resources/cecl-is-coming-is-your-institution-ready/

CECl Toolkit from Baker Newman Noyes: https://www.bnncpa.com/resources/current-expected-credit-loss-standard-toolkit/

In this episode of Issues of Interest from Baker Newman Noyes, Adam Aucoin and Leanne Scott from BNN's financial institutions industry practice discuss current trends in tax planning for banks and financial institutions. Adam also covers several credits impacting the tax landscape and Leanne summarizes a few multi-state considerations for banks operating across state lines. You can see additional corresponding materials here: