Oppenheimer Asset Management, Inc.

  • January 26, 2009

January 26, 2009……..Comments by Tom Robinson, President There is a new President in the White House, and we all have to wish him well as he tries to deal with the multiple issues that confront the nation.

By Switching Their Charters, Banks Skirt Supervision

  • January 22, 2009

At least 30 banks since 2000 have escaped federal regulatory action by walking away from their federal regulators and moving under state supervision, taking advantage of a long-standing system that allows banks to choose between federal and state oversight, according to a Washington Post review of government records.

Treasury Releases Special TARP Terms for S Corporation Financial Institutions

  • January 16, 2009

Under its administration of the troubled asset relief program (TARP), the Treasury has updated its term sheet and released answers to frequently asked questions (FAQs) to provide relief to qualified financial institutions thatare S corporations.

Oppenheimer Asset Management, Inc.

  • January 12, 2009

January 12, 2009........Comments by Tom Robinson, President Spooked by the deteriorating employment situation and the judgment of a deepening global recession, the equity markets did not do well last week.

Whitlock Selected One of Best Firms to Work For

  • January 8, 2009

The Whitlock Company, a Springfield-based accounting and professional services firm formerly known as Whitlock, Selim and Keehn, was recognized as one of Accounting Today’s 2008 “Best Places to Work For.”

Proposed Interagency Appraisal and Evaluation Guidelines Issued

  • January 7, 2009

The major federal bank, thrift and credit union regulators issued proposed Interagency Appraisal and Evaluation Guidelines that clarify risk management principles and internal controls for ensuring that financial institutions’ real estate collateral valuations (both appraisals and evaluations) are reliable and support their real estate-related transactions.

Many Taxpayers Stand to Gain From New Laws

  • January 7, 2009

Wealthy Likely to Benefit Most From 2009 Changes; Putting More in Your 401(k) New Year's Day brought relief for most taxpayers, especially upper-income ones -- even as President-elect Barack Obama is proposing new tax cuts as part of his wide-ranging economic-stimulus package

Oppenheimer Asset Management, Inc.

  • January 6, 2009

January 5, 2009.......Comments by Tom Robinson, President I, for one, am glad that the 2008 stock market is over, that it went out with a bang, and that the new year began on a positive note. In 2008, the Dow’s decline matched the fall in 1930, the S&P 1937, and the Nasdaq’s was the worst on record. Thus, the good news last week that all three indexes were up over 6% was a big positive indeed. Even Europe, after an absolutely horrible 2008, advanced almost 6%. The Asian markets were up but only about half that of Europe. The ten-year Treasury sold off sharply on the week. Oil prices rose.

What’s new this tax season on 2008 returns?

  • January 5, 2009

While 2009 holds great promise for new tax relief to help individuals and businesses recover from the current economic crisis, one of the first orders of business for all taxpayers in the New Year is to look back at the tax relief already on the books. Doing so will help you file your 2008 tax return with the lowest bottom-line tax liability possible.