- To aid depository and lending institutions in understanding the implementation of certain affects from tax reform, regulatory bodies have begun to release guidance and clarifications. The Financial Standards Accounting Board (FASB) released a proposed Accounting Standards Update (ASU) related to reclassification of other comprehensive income (OCI) and the Securities and Exchange Commission (SEC) released Staff Accounting Bulletin (SAB) 118 related to accounting and disclosures.
- Understand key provisions that could affect your financial institution with this detailed impact presentation.
- The depository and lending industry is impacted by numerous provisions in the enacted tax reform bill. Additionally, institutions’ 2017 financial statements are impacted due to the enactment date.
- Baker TIlly helps regional banking and investment company streamlines performance processes with Oracle HCM Cloud
- The Tax Cuts and Jobs Act’s international tax provisions change the way U.S. multinationals are taxed and will conduct business abroad as well as how foreign companies will handle U.S. business.
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