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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

PYMNTS

The tech company’s formidable performance comes as Chinese authorities seek to exercise more control over the nation’s top digital platforms. Group Seeks to Block Maryland Online Advertising Tax. Maryland legislators ratified the tax earlier in 2020, but Gov. Maryland legislators ratified the tax earlier in 2020, but Gov.

Maryland 151
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What are opportunities for accountants to provide advisory services?

Abrigo

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
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Tencent, Other Chinese Tech Firms Called Out For Privacy Violations

PYMNTS

A total of 41 apps were found to be not in compliance of user data rules, according to regulators, and violations included improperly collecting or using information about visitors to their services. As a result, millions were blocked from purchasing airline or train tickets due to things like unpaid taxes or fines. Sohu.com Ltd.

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Getting the Most Value from Your ALM Process

ABA Community Banking

Asset-liability management is often treated as a compliance exercise, not a decision engine. How can ALM help improve banks’ performance? . The post Getting the Most Value from Your ALM Process appeared first on ABA Banking Journal.

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New Year’s Resolution: Healthier accounting firm growth with a pipeline full of better clients

Abrigo

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. It costs 11 times more to acquire a new customer than to keep an existing one, according to industry research.

Meeting 191
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Open banking APIs are open for business

Insights on Business

Open banking is often mentioned in relationship to compliance with regulatory standards, but in reality, the regulators are only catching up with what is happening in the market. By doing so, they can log in to an accounting platform and complete their tax return in a few minutes. Examples of open banking in practice.

Fintech 181
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CFPB Winter 2019 Supervisory Highlights focuses on deposits, mortgage loan servicing, and remittances

CFPB Monitor

The information contained in Supervisory Highlights is disseminated to help institutions and better understand how the Bureau examines institutions for compliance with those requirements. However, the servicer charged late fees based on a percentage of the full periodic payment of principal, interest, taxes, and insurance.

Taxes 68