PYMNTS

NOVEMBER 19, 2019

The compliance burden of a legal marijuana business having to manage regulations that vary by state, and between the state and federal level, has created a banking conundrum for a market forced to rely heavily on cash. But the compliance challenges associated with this market are not easily (or quickly) addressed.

Company 109

Company Compliance Payments Taxes 109

Abrigo

JANUARY 18, 2016

How an electronic tax return reader provides more time for advisory services As accountants and their staff scramble to complete client W-2s and 1099s to meet other deadlines related to the start of tax season, it’s hard to see an end to the crazy schedules.

Taxes 150

Taxes Meeting Analysis Data 150

Gonzobanker

AUGUST 17, 2022

Digital banking provider Alkami acquired data analysis and marketing campaign management provider Segmint Digital banking and payments provider Bottomline was acquired by Thoma Bravo for $2.6B. Industry expert John Meyer digs deeply into the implications of this industry-changing rollup deal here.

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

AUGUST 1, 2019

is facing heightened compliance burdens that similarly force administrative, manual tasks on professionals that need that time to focus on their businesses. Having the ability to report taxes correctly all comes down to the fact that you need to have your expenses sorted correctly from the get-go,” he said.

Taxes 151

Taxes Resources Management Analysis 151

Abrigo

MARCH 24, 2023

The credit union’s risk analysis can only be adequately supported with supporting documents. All working papers should be attached to the file, regardless of how critical that analysis was to the process. Do you offer services to those without a Tax ID Number (TIN)? If so, how is this monitored?

Fraud 195

Fraud Compliance Examples Analysis 195

Abrigo

DECEMBER 7, 2021

Without supporting documents, the analysis of the institution's risk cannot be adequately supported. All working papers should be attached to the file, regardless of how critical that analysis was to the process. Do you offer services to those without a Tax ID Number (TIN)? Document the BSA/AML risk assessment.

How To 195

How To Fraud Analysis Compliance 195

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. Workflow & Analysis. Analysis features of the LOS An LOS automates the spreading of financials from tax returns and financial statements to expedite underwriting. Beyond Origination.

System 195

System Lending Analysis Software 195

PYMNTS

JUNE 1, 2020

Kate Barton , EY global vice chair, tax, said in the announcement, “Global trade is undergoing a seismic change as tariff wars, protectionism, regulatory uncertainty and now a pandemic, disrupt established business models and trade relationships.

United States 131

United States Training Management Taxes 131

Abrigo

MARCH 4, 2020

With more and more states approving the sale of cannabis, either marijuana or hemp, the risks involved with banking this industry has remained at the forefront of compliance officers' minds. Use account analysis as well as an established monthly fee for the heightened risk and monitoring cost you will incur. GO FOR THAT FEE INCOME!

Resources 195

Resources Policies Regulation Taxes 195

Abrigo

SEPTEMBER 20, 2023

Join Abrigo for a webinar discussing risk assessments' role in compliance. How financial institutions can prevent losses from 1st-party fraud Learn strong approaches to identifying, preventing, and detecting 1st-party fraud that will keep your AML program on top of fraud trends.

Fraud 195

Fraud Trends Cards Software 195

PYMNTS

OCTOBER 8, 2019

Each transaction on the card is then automatically integrated into the Expensify platform to automate receipt generation, expense report creation and spend analysis. Managers are connected to compliance notifications in real time to ensure employees are not misusing the card.

Cards 108

Cards Management Taxes Analysis 108

Abrigo

MAY 29, 2019

The compliance department is already one of the most understaffed areas of the institution and when staff turnover occurs or an employee goes on vacation or family leave, it can be cause for panic. Does tax season or holiday retail volumes give you more alerts than you can handle with current staffing?

Analysis 150

Analysis Training Fraud Compliance 150

PYMNTS

JANUARY 22, 2018

There are two key focuses for mid-market expense management tools, he said: infrastructure and regulatory compliance. ” For the mid-market, T&E compliance is largely about taxes : “VAT, corporate income tax and also personal income taxes,” Deleval explained.

Management 116

Management Compliance Taxes Marketing 116

PYMNTS

JANUARY 3, 2017

That figure draws on data from AllTheRooms, an accommodation search engine, and analysis by the Financial Times. That news follows separate data recently released by the FT that indicates around 1/3 of the savings Airbnb offers over traditional hotels stems from tax advantages deriving from its business model.

Regulation 114

Regulation Company Taxes Analysis 114

PYMNTS

MAY 23, 2017

Analysis published Monday (May 22) from ratings agency Fitch concluded that the potential for a spike in trade protectionism is a significant risk to the global economy. “A He pointed to Ireland, which successfully shaped tax policy to attract FDI in the market, as well as jurisdictions in Asia that are doing the same.

US 100

US Compliance Taxes Trends 100

Abrigo

APRIL 13, 2017

In addition, the Small Business Administration notes that a lack of available cash or an inaccurate cash flow analysis can affect loan eligibility, which means businesses encounter additional obstacles to growing. Business owners don’t have to imagine the stress that this kind of tight situation can add to operating a business.

eBook 170

eBook Analysis Resources Taxes 170

Abrigo

MAY 23, 2017

While some believe the fear mongering is overdone, many firms in the accounting profession are nonetheless seeking to move from the kind of backward-looking compliance work (such as tax preparation and auditing) that is increasingly automated.

eBook 150

eBook Compliance Taxes Study 150

FICO

FEBRUARY 14, 2017

I’m going to explore the impact advanced analytics can have on the current state of regulatory compliance. RBA follows a multi-step approach: After initially assessing any risks (money laundering, tax fraud, etc.), That’s what a compliance officer is looking for. customers are automatically categorized into a risk bucket.

Analytics 40

Analytics Compliance Meeting System 40

PYMNTS

SEPTEMBER 20, 2017

According to researchers, employees have control over how their employers compensate them, and they should be diligent about their tax withholdings not only for compliance purposes, but to ensure they receive funds the way they want. It’s an interesting result, considering the current legislation addressing healthcare reform.

Taxes 100

Taxes Survey Compliance Regulation 100

Abrigo

JUNE 9, 2016

Accounting, audit and tax services are unlikely to be the growth engines of the accounting profession in the coming years. Services geared toward compliance, meanwhile, are typically needed but not necessarily wanted, so clients continue to push for the cheapest options.

Exercises 150

Exercises Taxes Training Risk Management 150

South State Correspondent

AUGUST 31, 2022

Then there are vendor contracts, employment agreements, statements of work, loan documents, financial statements, tax returns, deposit account documents, policies, and an array of similar applications. Pulling data off a tax return has a low error rate while pulling data off an attorney-prepared loan document is more challenging.

Training 448

Training Data Examples Taxes 448

PYMNTS

MARCH 14, 2019

Corporate treasurers are increasingly concerned about a complex regulatory environment, according to the latest analysis from Strategic Treasurer and TD Bank. Unfortunately, the report found, recent tax reform in the U.S. and challenging monetary policy, which contributed to an overall decline in corporate confidence.

Fraud 115

Fraud Survey Taxes Regulation 115

Abrigo

NOVEMBER 28, 2014

How many times have you had to refer a client out to another financial services firm because your firm is too busy putting out fires with tax and audit work to provide business analytics or other advisory services ?

Taxes 191

Taxes Survey Technology Comparison 191

PYMNTS

APRIL 19, 2019

That’s particularly true when it comes to compliance and data security. “ GDPR is a big safety net for all customers and employees, so that’s one thing that a lot of accountants now have to adhere to, and make sure that they are using technology and data in compliance with GDPR,” he explained. . In the U.K.,

Innovation 154

Innovation Compliance Technology Resources 154

Insights on Business

MARCH 25, 2019

But while this seems like a basic tenant of risk analysis, for many institutions, the AML risk ratings of each country and territory rely on insufficient, outdated and/or incomplete data. Understanding that having the right information readily available is the first step in managing compliance risk. Learn more at ibm.com/RegTech.

Compliance 98

Compliance Taxes United States Data 98

CFPB Monitor

FEBRUARY 2, 2017

I am pleased to announce that under the leadership of my partner Peter Hardy, Ballard Spahr has launched Money Laundering Watch , a new blog focused exclusively on money laundering issues to keep you informed of the latest developments in enforcement, compliance, and policy. Please visit the blog, and subscribe to receive updates.

Policies 60

Policies Compliance Leadership Fraud 60

Abrigo

DECEMBER 20, 2021

Millions of dollars in suspicious activity were not reported to FinCEN in a timely or accurate manner, including those connected to tax evasion, illegal gambling, money laundering, and other financial crimes. . A strong culture of compliance was clearly lacking at CBOT, as evidenced by this consent order. Fundamentals of BSA.

Resources 195

Resources Texas Analysis System 195

Abrigo

JANUARY 28, 2015

Much like tax forms were once frequently completed with just a calculator, pencil and paper, the same is true of a business valuation. Compliance. Automation means less time entering data, allowing for more time for an analysis. Human error. Microsoft Office’s Excel is a clear winner for usability. With more than 1.1

Taxes 150

Taxes Compliance Course Software 150

Abrigo

MARCH 12, 2015

Sub-par data, on the other hand, can result in additional hours of calculations and industry analysis, as well as anxiety over adjustments made to financials and projections. Bad data can lead your analysis astray and waste your time and resources. Ask data providers how current the data is and how often it is updated. Is it relevant?

Industry 150

Industry Data Tulsa Analysis 150

Abrigo

MARCH 12, 2015

Sub-par data, on the other hand, can result in additional hours of calculations and industry analysis, as well as anxiety over adjustments made to financials and projections. Bad data can lead your analysis astray and waste your time and resources. Ask data providers how current the data is and how often it is updated. Is it relevant?

Industry 150

Industry Data Tulsa Analysis 150

Gonzobanker

OCTOBER 26, 2021

Cornerstone Advisors estimates $145 billion of pre-tax revenue has disappeared for bankers via margin compression in only the past two years. Whatever the good intentions of these new mandates, any new compliance orders require resources, change management, and an understanding of the unintended risks that could arise.

Leadership 97

Leadership Compliance Strategy Branding 97

Abrigo

DECEMBER 10, 2014

As you prepare for upcoming engagements with your “best” tax and audit clients, be thinking of how you will turn those meetings into opportunities for additional business advisory work once busy season ends. percent, according to The 2013 Big Four Performance Analysis by Big4.com. Identify prospects to target.

Meeting 191

Meeting Taxes Industry Strategy 191

CFPB Monitor

OCTOBER 20, 2021

The approval order, which was issued through the Bureau’s Compliance Assistance Sandbox Policy, confirmed that Payactiv’s EWA program described in the order did not involve the offering or extension of “credit” as defined by section 1026.2(a)(14)

Regulation 78

Regulation Groups Analysis Lending 78

PYMNTS

SEPTEMBER 6, 2019

This information is aggregated over time, allowing business users to obtain trend analysis data on customer payment habits. Vyapar, owed by Simply Vyapar Apps, provides invoice, accounting and inventory management solutions for small- and medium-sized businesses, focusing on tax compliance and financial management for end users.

Fintech 155

Fintech Capital Lending Operations 155

PYMNTS

DECEMBER 18, 2018

“The accounting profession is rapidly transitioning from compliance to trusted advisor ,” he said in a recent interview, “and these tools will allow them to develop foresight with the client, rather than reporting only on what has happened after the fact — hindsight.”

Management 134

Management Fintech Tools Technology 134

PYMNTS

JANUARY 17, 2019

Employers don’t simply want a payroll solution, she said, but a holistic suite of human capital management tools that can handle everything from tax compliance to integrations with time-tracking solutions. ” In the U.S.,

Capital 173

Capital Tools Survey Management 173

PYMNTS

DECEMBER 12, 2019

Reports in Bloomberg Tax this week said SEC Corporation Finance Deputy Chief Accountant Lindsay McCord spoke Tuesday (Dec. Now, the SEC is urging businesses to disclose their supply chain financing arrangements in their Management’s Discussion and Analysis section of financial statements, reports said.

Tools 145

Tools Report Washington Strategy 145