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Hacker Tracker: The Evolving Threat Of Tax Fraud

PYMNTS

Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. What’s Next In Tax Fraud. As of February, the number of mentions in 2017 so far was already over 40 percent of the 2016 total.

Taxes 144
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Guest Post: 2013 Economic Year in Review and Outlook by Banker Dorothy Jaworski

Jeff For Banks

But in nine short months of 2013, you and the Fed stumbled with mixed signals and miscommunication and the markets pushed the 10 year Treasury yield up by 130 basis points to 3.00%, removing all of the good attained by QE over the years. Many of our bank’s customers remain cautious about borrowing and spending on large projects.

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How to increase efficiency and minimize risk in the audit process using analytics

Abrigo

Since leaving public accounting, she has been an internal auditor, a tax preparer and a controller. According to a 2014 report by Cornerstone Research, allegations of accounting fraud surged 47 percent in securities class actions lawsuits in 2013. Securities and Exchange Commission (SEC) in the 2013-2014 fiscal year.

Analytics 150
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Expanding credit portfolios: 3 Growing pains

Abrigo

percent over the 3rd quarter of 2013. Training Bank Employees Once the bank has reviewed and finalized credit risk policies, the next step to ensuring the bank can grow successfully and with an eye to risk management is to confirm that bank employees are familiar with the policies.

Training 170
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Guest Post: 2012 Economic Year in Review by Dorothy Jaworski

Jeff For Banks

The “Fiscal Cliff” Who in their right minds would have so many critical tax codes and laws expiring all on the same year-end date? The stock markets rejoiced and rallied 2% to 3% on January 2nd, because the fiscal cliff was now manageable, not an apocalypse. The estate tax exemption was raised to $5 million per individual.

Taxes 73
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Teach clients to treat their business like an investment

Abrigo

Indeed, a 2013 survey of business owners by Kent State University’s Ohio Employee Ownership Center found that 78 percent of majority shareholders were at least 50 years old, and 76 percent planned a transition within the next 10 years. I would really suggest adding this to your practice,” he said.

Ohio 150
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AscendantFX Makes The Case For Wire Transfer

PYMNTS

billion via business wire fraud between October 2013 and December 2016, the FBI calculated. “More than ever, though, KYC [Know Your Customer] and risk management are critical to protect a financial institution and its customers.” Thieves attempted to steal $5.3

Fraud 116