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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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SWIFT Readies ISO 20022 For X-Border Payments

PYMNTS

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. The first guidelines apply to FI to FI Customer Credit Transfer, FI to FI Institution Credit Transfer, FI to FI Payment Status Report, and Payment Return.

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Food for Thought: A Policy on Credit Exceptions

Abrigo

Portfolio segments should be monitored and managed, not get buried in exception counts. This is particularly true of credit exceptions related to account management (e.g., Management may conclude that specific sections of the written policy are no longer relevant. and property tax payments. It just stays on forever.

Policies 195
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How Are PPP Loans Forgiven? What We Know Now

Abrigo

Manage PPP loans through forgiveness. or who received annualized pay of more than $100,000 during any period in 2019; state and local employer taxes assessed on an employee’s compensation (i.e., Forbearance, Foreclosure, and Force Majeure: Managing Coronavirus Loan Workouts at Your Institution. learn more. 1 through Feb.

Taxes 195
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Expanding credit portfolios: 3 Growing pains

Abrigo

Community banks are expanding their loan portfolios to include more small business loans, according to the most recent Community Bank Performance report by the FDIC. In order to grow significantly, however, a bank may choose to expand its reach into businesses and neighborhoods outside the community - their “comfort zone.

Training 170
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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. GFA, however, will offer basic financial tools to these businesses, including access to online banking, checking accounts, debit cards, cash management and payroll services. Helping a green industry give up the green stuff.

Colorado 126