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SMB Tax Complexity Preserves Role For The Human Accountant

PYMNTS

With the first tax season post-tax reform nearing completion in the U.S., Ongoing regulatory changes and persistent uncertainty mean that that importance will continue even outside of tax season, with challenges that even the most automated of accounting software solutions cannot always tackle. Tackling Tax.

Taxes 193
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Helping Nonprofits Embrace Cash Management

PYMNTS

Nonprofit organizations are responsible for providing multiple community services, including access to shelters, clothing, food and clean water, as well as educational and mental health resources. million tax-exempt groups active in the U.S., There are approximately 1.56 The agency found these nonprofits generated $2.5

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Credit Union Helps US Marijuana Businesses Put Down Roots

PYMNTS

Part of our mission is to improve the quality of life in our communities. Here we are, 80 years later,” she said, “finding ourselves in a position where we feel it’s important to serve an underserved or underbanked community.”. I think the credit union industry plays a very vital role in serving the underserved,” Sbrega said.

Colorado 126
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Risk’s All Around When Banks Service Cannabis

PYMNTS

Financial institutions (FIs) that service the industry, she recently told PYMNTS, “don’t have the compliance people, processes or automated tools in place to meet the required guidelines — and are unknowingly putting their clients at risk.”. According to Lang, traditional FIs cannot meet this regulatory compliance and reporting need.

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Cannabis Banking in Illinois: Mitigating Reputation Risk to Financial Institutions

Abrigo

Compliance and anti-money laundering (AML) is going green… or is it? In December, the United States Government Accountability Office released a report to Congress that addressed compliance challenges associated with money transmitter accounts.

Illinois 195
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Dynamic Duo

Independent Banker

From opposite political directions, Senators Shelby and Brown stand on point to greatly influence community banking’s agenda in the next Congress. The mix of contrasts and similarities of Shelby’s and Brown’s perspectives and policymaking portend an active session for community banking’s agenda in the new 114th Congress. By Ed Avis.