Economic Outlook - As expected, the Federal Reserve raised interest rates 25 basis points on February 2nd and guess what? The bond market simply yawned and went on about its business as the 10 year and 30 year actually improved 7 and 14 basis points respectively. This was the sixth rate hike by the FOMC since last June, and although widely anticipated, left investors scratching their heads.
FASB Issues Final Statement on Accounting for Share-Based Payment
The FASB recently published FASB Statement No. 123 (revised 2004), Share-Based Payment. Statement 123(R) will provide investors and other users of financial statements with more complete and neutral financial information by requiring that the compensation cost relating to share-based payment transactions be recognized in financial statements.
Business Transfer and Outlet Planning
Today, the vast majority of new loans are to closely held businesses. These loans make up the bulk of the small business and real estate loans in the small banks loans portfolios. Yet, bankers have not secured themselves against the fact that many businesses will fail to survive beyond the first generation. The main reason is the failure to plan for the disposition of the business at an owner's death, disability, retirement, sale or withdrawal.
Inside the Byline - Learn about our leading investment industry contributors Clark Reed and John Blair.
For more information, contact Ross Freedman or visit www.kaedingco.com.
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Kaeding, Ernst & Company
65 Boston Post Road, West, Suite 350
Marlboro, MA 01752
