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Mortgage Blog


Today’s Ask the accountant questions are:

How do I get started on adopting the new revenue recognition standard?
What can I do to make implementation easier?
What are my accounting risks with the new standard?

Question 1: How do I get started on adopting the new revenue recognition standard?

Most public companies should be applying ASC Topic 606 in 2018. All other entities will be adopting for 2019.

The revenue recognition standard is a cumbersome accounting change because it requires an…

After moving his company to Austin during the Great Recession, St. Croix Capital Advisors founder Kenneth Satterlee has built the business into a multi-faceted real estate firm with brokerage, development and construction management. He's got his hands in projects spanning from near the Austin airport to the affluent western suburbs.

Jack Dwyer, the owner of CFG Community Bank, has donated $100,000 to the Capital Gazette Memorial Scholarship Fund set up in memory of those who were killed less than two weeks ago.

Dwyer said in a statement the June 28 shooting at the Capital's office in Annapolis that left five people dead “hit close to home” because CFG Community Bank has a branch in the same building at 888 Bestgate Rd.

“My heart breaks for the families, friends and coworkers of the Capital Gazette,” Dwyer said. “I can’t…

Tax cut windfall pushed new authorizations to $437 billion in the second quarter.

Kauai Island Utility Cooperative, the only electric utility cooperative in Hawaii, will issue $3.2 million in 2017 patronage capital retirement checks to its members starting next week.

“We had excellent financial results in 2017, which allows us to exercise one of the fundamental benefits of being a not-for-profit cooperative that is owned by the members it serves,” Allan Smith, chairman of the KIUC Board of Directors, said in a statement.

Patronage capital is defined as the money the cooperative…

The Fort Washington-based TruMark applied last July to acquire Philadelphia Mint Federal Credit Union. It withdrew the application three months later only to re-apply a few weeks ago.

Company: Katz Capital

Location: Tampa

Industry: Real estate and financial services private equity firm

How would you describe what your company does to a friend or family member who may not know? Katz Capital is a real estate and financial services private equity firm. Our core investments comprise an integrated real estate platform supported by our complementary lines of business: Pineywood Realty, Pineywoods Capital, Pineywoods Insurance, and Pineywoods Title.

What are some key accomplishments/statistics…

A chief concern among small-business owners for 2018 is implementation of the Tax Cuts and Jobs Act. Its effects will be felt across industry lines.

This exec — a more than decade-long employee — was a key player in the formation of the nonprofit organization.

The study found San Francisco to be the most costly North American city to operate a financial services back office at $13.6 million per year.