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On May 13, 2021, the Financial Services Group hosted a webcast designed to provide insight into tax credits and federal/state tax developments. We discussed how recent and proposed tax legislation will impact your financial institution and what tax planning opportunities are available.
For more information on these updates or other ways we can assist, contact our Financial Services Group.
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The FASB introduced significant changes to the CECL standard, addressing purchased financial asset accounting and acquisition reporting. The new guidance applies to fiscal years beginning after December 15, 2026, with early adoption permitted.
