The GSB Online Seminar Series

The GSB Online Seminars Series offers a convenient, cost-effective way to access quality educational opportunities. Please note ALL times below in CENTRAL TIMEZONE.

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Presenter: Patrice McGuire, McGuire Business Partners This 90-minute program will be presented live on: September 25, 9:30-11:00 a.m. Central Time  Recording available through: December 25, 2020 Price: $275   In today’s working world, people are expected to work closely with others who represent different generations.   The way that the different generations approach their work, view their environment and communicate with others may cause stress and frustration in the workplace.  In this program participants will be able to identify the characteristics of each generation and how they differ.   When we are able to identify these differences and understand them a little more, we can then apply different strategies and approaches when working with people from each generation.   Each generation adds tremendous value to the organization.  We just need to figure out how to embrace these generational differences so what we can be more respectful and productive while at work.   Target Audience:  CEOs, HR managers, individuals in leadership roles with team or project responsibilities Read More

Presented by: Ascensus  This 90-minute program will be presented live on: September 23, 10:00-11:30 a.m. Central Time Recording available through: December 23, 2020 Price: $275   To avoid IRS penalties, financial organizations must use the correct IRA opening documents and those documents must be current. They also must be aware of any changes to the rules and regulations contained in these documents. This webinar provides information on how to properly establish Traditional and Roth IRAs, as well as how to amend the IRAs to ensure that they are kept up to date. Read More

Get these programs together at a discount: Personal Tax Returns and Cash Flow: Focus on the Individual, Sole Proprietorships, Rental Property and Farms      Live on October 20, recording available through January 20, 2021 Personal Tax Returns and Cash Flow: Focus on Business Owners and/or Self-Employed with Pass-Through Income from Schedule K-1s      Live on October 27, recording available through January 27, 2021 Personal Tax Returns and Cash Flow: The Role of Global Cash Flow for Owner(s) Plus Business(es) as an Underwriting Tool       Live on November 3, recording available through February 3, 2021 Advanced Personal and Global Cash Flow Issues: Capital Gains, Recurring/Non-Recurring Items, Loss Carryforwards and Others      Live on November 10, recording available through February 10, 2021 Read More

Presenter: Richard Hamm This 90-minute program will be presented live on: October 27, 1:00-2:30 p.m. Central Time Recording available through: January 27, 2021 Price: $275   Bankers underwrite loans primarily from tax returns, particularly at the community bank level. What reported income on a personal tax return actually is cash flow? What items on a Schedule K-1 involve cash inflows and outflows to our customer? Using case examples and worksheets, this seminar covers how to analyze personal tax returns to develop cash flow within a simple, logical and consistent framework. It provides the tools needed to reduce voluminous amounts of forms and schedules into a concise, relevant picture of cash flow, focusing on personal situations where pass-through entity items are reported in the tax return. Specific subjects that will be covered during the seminar: Overview of business entity choice issues, and why pass-through entities are popular with private businesses Connecting a business tax return with the Schedule K-1 provided to the owner(s) The “Schedule E dilemma” and approaches for using income or cash flow from entities where the owner has either a majority or minority ownership interest Case example and worksheet for situations with pass-through income (expense) Pros and cons, from a taxation standpoint, of ways self-employed and small business owners can extract cash and/or recognize income from their businesses Why small businesses often show a year-to-date profit through November, that it all disappears by year-end Target Audience: Branch managers, consumer lenders, mortgage bankers, private bankers, small business lenders, commercial lenders, credit analysts, loan review specialists, special assets officers, lending managers and credit officers Related GSB Online programs: Personal Tax Returns and Cash Flow: The Role of Global Cash Flow for Owner(s) Plus Business(es) as an Underwriting Tool Personal Tax Returns and Cash Flow: Focus on the Individual, Sole Proprietorships, Rental Property and Farms Advanced Personal and Global Cash Flow Issues: Capital Gains (Losses), Recurring and Non-Recurring Items, Loss Carryforwards and Others Read More

Presenter: Richard Hamm This 90-minute program will be presented live on: October 20, 1:00-2:30 p.m. Central Time Recording available through: January 20, 2021 Price: $275   Bankers underwrite loans primarily from tax returns, particularly at the community bank level. Personal tax returns are used to evaluate business owners and guarantors. This program focuses on the Form 1040 and determining what reported income (expense) involves cash inflow (outflow). We contrast the “income” driven nature of consumer lending with the “cash flow” focus of business lenders. Using case examples and worksheets, we’ll cover how to analyze personal tax returns to develop cash flow within a simple, logical and consistent framework. It provides the tools needed to reduce voluminous amounts of forms and schedules into a concise, relevant picture of personal cash flow from the business entities tied to the Form 1040 (sole proprietorships, rental property and farms). Specific subjects that will be covered during the seminar: The limitations of personal financial statements and why more information is needed Why personal tax returns can be difficult to analyze and how to target relevant information consistently Using tax return data to validate assets and liabilities, plus uncover unreported liabilities Understanding the spectrum of situations, how some income (or loss) does not involve cash, plus linking types of income/cash flow to the primary tax return schedules Cash flow approaches for businesses connected to the personal tax return, namely sole proprietorships, rental property and farms Recent tax law changes and likely effects on customers’ tax returns Target Audience: Branch managers, consumer lenders, mortgage bankers, private bankers, small business lenders, commercial lenders, credit analysts, loan review specialists, special assets officers, lending managers and credit officers Related GSB Online programs: Personal Tax Returns and Cash Flow: Focus on Business Owners and/or Self-Employed with Pass-Through Income from Schedule K-1s Personal Tax Returns and Cash Flow: The Role of Global Cash Flow for Owner(s) Plus Business(es) as an Underwriting Tool Advanced Personal and Global Cash Flow Issues: Capital Gains (Losses), Recurring and Non-Recurring Items, Loss Carryforwards and Others Read More

Presenter: Richard Hamm This 90-minute program will be presented live on: November 3, 1:00-2:30 p.m. Central Time Recording available through: February 3, 2021 Price: $275   Global cash flow has become a key component of business and commercial underwriting where personal guarantees of the owners are involved, or direct borrowing is by an individual for a sole proprietorship, rental property or farm. This program reviews most common approaches used by bankers, plus some of the analytical and conceptualize issues encountered. For instance, when comparing global cash flow to the combination of business and personal debt, how does your bank’s approach treat business debt service where the individual is a minority owner of the business? What changes when the minority owner guarantees at a higher percentage than his or her ownership percentage? Why do you need to have personal taxes and living expenses in the model (or adjust the debt-service-coverage target higher if no personal taxes and living expenses are being included)? How do you define the business cash flow? At what point should global cash flow cease being a primary underwriting tool and shift to a secondary role (become more of a global analysis)? Specific subjects that will be covered during the seminar: Versions of GCF being used by bankers and regulatory comments on global analysis Analytical and conceptual issues:          -Mixing two approaches to debt coverage          -Giving credit for business earnings or amount distributed          -Using averages for debt coverage ratios          -Selecting a measure of business cash flow          -Incorporating business debt service When to recognize that the business itself or a real estate project should stand on its own, a global cash flow “can’t make a bad loan good,” and you should shift to more of a global analysis involving an assessment of contingent liabilities of the owner(s) Some tax return basics/issues along the way Target Audience: Branch managers, consumer lenders, mortgage bankers, private bankers, small business lenders, commercial lenders, credit analysts, loan review specialists, special assets officers, lending managers and credit officers Related GSB Online programs/topics: Personal Tax Returns and Cash Flow: Focus on the Individual, Sole Proprietorships, Rental Property and Farms Personal Tax Returns and Cash Flow: Focus on Business Owners and/or Self-Employed with Pass-Through income from Schedule K-1s Advanced Personal and Global Cash Flow Issues: Capital Gains (Losses), Recurring and Non-Recurring Items, Loss Carryforwards and Others Read More

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