Tampa Bay bankers weigh in: The sky is not falling

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An executive at Goldman Sachs told a CNBC reporter that the collapse of Silicon Valley Bank was a “Lehman moment” for the technology industry. A local banking industry source, who spoke with Tampa Bay Business and Wealth, and requested to remain unnamed, called it a “Wildfire.” But no one that TBBW has spoken with on … Read more

Community banking for community-focused businesses

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By Kevin Gilligan, SBA Lending Director at The Bank of Tampa Thanks to the Paycheck Protection Program (PPP), the Small Business Administration (SBA) has become a household name—at least within the business community. In actuality, the SBA offers business owners so much more than the PPP. Since its inception, the SBA’s primary mission has been … Read more

Community banking for community-focused businesses

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By Kevin Gilligan, SBA Lending Director at The Bank of Tampa Thanks to the Paycheck Protection Program (PPP), the Small Business Administration (SBA) has become a household name—at least within the business community. In actuality, the SBA offers business owners so much more than the PPP. Since its inception, the SBA’s primary mission has been … Read more

Consider Opportunity Zones as part of a well-crafted tax plan

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By Brian Duren, signing director  and Chris Dhanraj, managing principal of investments Since their introduction in the Tax Cuts and Jobs Act of 2017, Qualified Opportunity Zones (OZ) have attracted attention as an important tool to help mitigate income tax liabilities. And, despite the headlines focusing on rising inflation, rising interest rates and possible rising … Read more

Year-end planning to leverage the time value of money

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By Heather Williams, CPA/CFP and Patricia Entsminger, CPA/CFE/CIA As the year winds down and the rush of tax season is still several months away, now is the perfect time to schedule a strategy session with your CPA, and financial team, to discuss tax planning to help minimize the financial impact for you, your family and … Read more

Don’t be the Dunce!

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By Taylor K. Ranker II, CEO, Questmont Virtual Family Office I love it, my industry loves to call itself wealth managers, but did you know there is a formal definition of wealth management that goes well beyond your portfolio? When applying this formula: Wealth Management = Investment Consulting + Advance Planning + Relationship Management, fewer … Read more

Tax-smart investing strategies for a down market

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By Brian Carter, CPA Let’s be honest: The market’s performance in 2022 has been disappointing, at best, and for many investors ‘alarming’ would be a more accurate description. Equity prices are declining and volatility is high, with each new day bringing the potential for more carnage as jobs reports, inflation numbers and other economic data … Read more

Inherited wealth: A series of unfortunate events

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By Margo Land Hirons, J.D., vice president, trust officer at The Bank of Tampa  “Fate is like a strange, unpopular restaurant filled with odd little waiters who bring you things you never asked for and don’t always like.”  – Lemony Snicket From the moment you looked into your baby’s eyes, you knew you were going … Read more