Audit & Accounting
September 8, 2017

GAAP vs. tax-basis reporting: Choosing the right model for your business

Virtually every business must file a tax return. So, some private companies issue tax-basis financial statements, rather than statements that comply with U.S. Generally Accepted Accounting Principles (GAAP). But doing so could result in significant…
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Financial Lending Notes Newsletter
September 7, 2017

Watch Out for E-mail Compromise Fraud Schemes

Banks and their customers are increasingly being victimized by e-mail compromise fraud schemes in which cybercriminals misappropriate funds via fraudulent wire transfers. According to the Financial Crimes Enforcement Network (FinCEN), there have been approximately 22,000…
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Financial Lending Notes Newsletter
September 7, 2017

SBA Lending

How SBA Loans Can Benefit Borrowers and Your Bank Most community banks desire to make loans to small businesses in order to help support their communities and, of course, boost bank profits. But not every…
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Financial Lending Notes Newsletter
September 7, 2017

Contractor Accounting

Understanding the Nuances of Lending to Contractors Lending to contractors presents special challenges for banks due to the nuances involved in contractor accounting. This is important to remember now as activity in the construction industry…
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Not-for-Profit Newsletters
September 7, 2017

Sponsorship vs. Advertising: Know the Difference

Corporate philanthropy has a natural attraction to nonprofit events. Sponsorship reduces costs and increases revenue for the organization, while it rightfully casts the company in a socially responsible light. But be forewarned: If corporate payments…
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Not-for-Profit Newsletters
September 7, 2017

Clarifying Donor Restrictions

New Reporting of Net Assets Starting Soon New rules set to take effect for the fiscal year after Dec. 15, 2017 (with early adoption permitted) will change the way nonprofits report and describe their net…
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Not-for-Profit NewslettersUncategorized
September 7, 2017

Prepare for the Inevitable

Understand Conflicts of Interest Before They Happen The fact is, there’s the potential for conflicts of interest within nonprofit organizations. This should be neither alarming nor suspect — every nonprofit can expect to encounter these…
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Not-for-Profit NewslettersUncategorized
September 7, 2017

Employee-Centered Giving

How to Harness Corporate Philanthropy Today Corporate philanthropy is changing. Teams within companies that manage corporate giving are growing, and nearly a third report deepening engagement with top management. This reflects decisions by companies to…
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Audit & Accounting
September 7, 2017

Credit loss standard: The new CECL model

A new accounting standard on credit losses goes into effect in 2020 for public companies and 2021 for private ones. It will result in earlier recognition of losses and expand the range of information considered…
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Tax
September 7, 2017

Could captive insurance reduce health care costs and save your business taxes?

If your business offers health insurance benefits to employees, there’s a good chance you’ve seen a climb in premium costs in recent years — perhaps a dramatic one. To meet the challenge of rising costs,…
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