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Despite changes, nonqualified deferred compensation still meets key executives' needs
Nonqualified deferred compensation plans remain a valuable tool for midsized companies to attract and retain key talent, despite some rule-tightening under the American Jobs Creation Act of 2004.

Midsized banks may find relief in CRA revisions
While some midsized banks are cheering new federal regulations relieving them of burdensome reporting requirements under the Community Reinvestment Act (CRA), experts suggest bankers carefully consider an option to follow the old rules before altering how they document their lending activities.

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Mortgage bankers come to us because of our experience. They stay with us because of our passion.

For more than twenty years, we have worked closely with numerous mortgage bankers and have been actively involved with the Mortgage Bankers Association, serving on committees that deal with specific accounting concerns raised by members.  As a result, we have the wealth of personal and practical experience to serve as your trusted advisor.

As business advisors to our mortgage banking clients, we look at what drives the profitability of your business; to not only manage margins, but also to identify problems and opportunities in the areas of personnel productivity, expense efficiency and asset management and liquidity.

We offer our mortgage banking clients a wellspring of services including:

Audit

Our auditors won’t just verify the facts; they’ll also give you a blueprint for the future. They’re trained to review findings and identify opportunities for improvement, from waste reduction to payment cycle adjustments and much more. Every audit complies with professional standards, and is geared toward uncovering your business’s strengths in order to achieve maximum efficiency.

Tax

Complex tax environments call for comprehensive solutions that consider both the present and the future. That’s what we provide. We look at the big picture, targeting opportunities that will benefit all aspects of your business and scanning the horizon for strategies that will encourage growth.


Information Technology Services

We provide comprehensive services to you in the assessment of current systems, the design of cost-effective and capable systems, vendor evaluation and selection, implementation management, and on-going network management and technical support. Our IT professionals assist clients in translating their business needs into IT systems requirements and identifying software and hardware solutions that don’t just meet their needs, but also afford them the means to expand their business horizons.

For more information on how Hood & Strong LLP can help you achieve your goals, contact us.


 
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