Strategy
10/30/2024

Maximizing Value Through Tax Strategies

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Bill Hoving
SVP, Business Development

Income tax expenses can eat into a bank’s bottom line, and many bankers are nervously watching the presidential election with questions about how the next administration could alter the income tax rate. But community banks can also avail themselves of tax credit investments to bring down their effective tax rates and maximize shareholder value, says Bill Hoving, senior vice president of development at The KeyState Companies. These investments could include corporate life insurance, low income housing, new markets and renewable energy credits. 

Topics discussed include: 

  • Types of Tax Credits
  • Non-Deductible Expenses
  • New Tax Accounting Rules
WRITTEN BY

Bill Hoving

SVP, Business Development

Bill Hoving is a CPA who spent 25 years in public accounting at a mid-sized firm where he primarily audited public bank holding companies, analyzing their financial statements and disclosures. He joined KeyState Renewables, a division of The KeyState Companies, in 2024.