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Prior to early 2020, the U.S. was in unchartered territory as it relates to consecutive months of economic expansion, but the screeching halt to the U.S. economy due to COVID-19 crisis is unprecedented.Financial institutions still have the opportunity to respond proactively to help borrowers through this period of time. One of the best ways to identify potential problem loans is through loan portfolio stress testing.There is not a one size fits all, canned approach that applies to every institution's loan portfolio stress test and Elliott Davis tailors each test to fit your institution’s needs.We have prepared a downloadable PDF with information on stress testing.Contact our Financial Services Group with questions on stress testing and to see how we can assist.
Stay informed about IRS enforcement on Employee Retention Credit (ERC) claims. Learn how to identify aggressive ERC promoters, avoid tax scams, and ensure compliance when applying for ERC refunds. Work with trusted tax professionals to minimize risk.
Struggling with data modeling and reporting in Power BI? Discover nine expert best practices for designing, deploying, and sharing reports effectively. From optimizing visuals to leveraging deployment pipelines and Power BI Apps, this guide will help you build a data-driven culture with powerful insights.
The Fiscal Responsibility Act suspends the debt ceiling until 2025 and introduces spending caps, IRS funding cuts, and new work requirements for SNAP and TANF. Learn how the law impacts defense, student loan payments, energy projects, and federal deficit reduction.
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