Find Me the Money on FOX5 DC Finance Friday
FraudFiles
MAY 20, 2023
Tracy Coenen on Finance Friday for the FOX5 morning show in Washington D.C., talking about red flags of financial fraud in marriage and her new book, Find Me The Money.
money-finance 
Denmark’s Ex-Finance Regulator Charged In Money Laundering Scandal
PYMNTS
MAY 13, 2019
Henrik Ramlau-Hansen, the former chair of Denmark’s financial regulator and former Danske Bank finance director, has been charged by Danish economic prosecutors. According to a report in The Financial Times , Ramlau-Hansen’s home was raided in connection with a money laundering scandal valued at €200 billion.
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Trending Sources
Libra To Face Strict Standards To Prevent Money Laundering, Terrorism Financing
PYMNTS
SEPTEMBER 10, 2019
The Paris-based Financial Action Task Force (FATF), an organization which acts as the standard-setter for anti-money laundering (AML) standards around the globe, said it is closely watching the development of Facebook ’s planned cryptocurrency, Libra , according to a report by Reuters. A senior U.S.
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Libra To Face Strict Standards To Prevent Money Laundering, Terrorism Financing
PYMNTS
SEPTEMBER 10, 2019
will be required to comply with regulatory standards to prevent money laundering and terrorism financing. Whether it’s bitcoin, Ethereum, Libra, our message is the same to all of these companies: Anti-money laundering and combating the financing of terrorism has to be built into your design from the get-go,” she said.
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How Finance and Accounting Operations Fail to Scale Efficiently
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Every company, no matter its size, must address its finance and accounting requirements. While a company’s needs become more complex and demanding as it grows, the basics—closing the books, making sure that money flows efficiently and safely in and out of the company—remain consistent.
Bank Crackdown Has Money Managers Eyeing Corporate Finance
PYMNTS
AUGUST 6, 2018
Australian money managers are finding an opportunity in enterprise and small business lending as regulators crack down on the country’s traditional banking industry. The bank was found to have failed to notify regulators of suspicious transactions that posed “a potential risk of terrorism or terrorism financing,” according to court documents.
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Cash Payments Over $10,000 Must Be Reported Online Beginning 1/1/2024
RogerRossmeisl
SEPTEMBER 4, 2023
Although many cash transactions are legitimate, information reported on Forms 8300 can help combat those who evade taxes, profit from the drug trade, engage in terrorist financing or conduct other criminal activities. The new requirement for.
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Lawmakers introduce bill to expand anti-money laundering due diligence by finance pros
Accounting Today
OCTOBER 4, 2022
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Employers Start Offering Emergency Savings Fund Benefit Option
CPA Practice
APRIL 18, 2024
Sandra Block Kiplinger’s Personal Finance Kiplinger’s Money Power Millions of Americans have little or no emergency savings, which leaves them without a cushion if their car breaks down, they fall ill or someone in their household is laid off. Sandra Block is a senior editor at Kiplinger Personal Finance magazine.
Unlocking the Language of Accounting: Understanding Common Terms
SMBAccountant
MARCH 6, 2024
Understanding this unique language is essential for interpreting financial data, making informed decisions, and effectively navigating the intricate world of business finance. Cash flow statements track money coming in and going out of a business, essential for covering expenses, debts, and investments.
Study: Women Are the CFOs of Half of U.S. Households
CPA Practice
FEBRUARY 8, 2024
By Kathryn Pomroy, Kiplinger Consumer News Service (TNS) Nearly half of American women consider themselves to be their household’s chief financial officer (CFO), and more than 40% say that they are their family’s main breadwinner, according to a new study on women and money from Allianz Life.
How a continuous close leads to more accurate forecasting, better time management, and more.
Airbase
AUGUST 11, 2023
As a result, more and more finance teams now realize the advantages of a continuous close, sometimes called a “rolling close.” It also allows finance teams to answer the question, “How am I doing against the budget right now ?” Why are strategic finance leaders rethinking their approach to closing the books? And why now?
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Transaction Thresholds: Vanishing Acts?
TaxConnex
APRIL 4, 2024
After the initial flush of money right after Wayfair (and, later, the pandemic’s e-commerce explosion), states discovered that enforcing compliance doesn't come cheap. Senate Committee on Finance. Utah recently considered dropping its 200-transaction threshold but has tabled the legislation.
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New Sole Proprietors, LLCs, and Corporations Need Accounting and Tax Services
MyIRSRelief
OCTOBER 2, 2023
You don’t have a lot of money to spend on accounting and tax services. Here are just a few of the reasons why: To track your finances. Accounting and bookkeeping help you track your income and expenses so you can see where your money is going. This information is essential for making informed business decisions.
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Virtual card payments and their benefits for accounts payable departments.
Airbase
NOVEMBER 2, 2023
In addition to greater control, security, and flexibility, virtual card payments can save finance teams hours of tedious work. David Coffman, VP Finance at Doximity, says Airbase virtual cards play an integral role in cutting the company’s time-to-close in half. Let’s take a deep dive into the many benefits of virtual card payments.
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Artificial intelligence and expense management: Taking on the tasks you love to hate.
Airbase
NOVEMBER 1, 2023
Our collective distaste for this necessary evil even costs us money, as many people end up paying for business expenses because they can’t be bothered to request reimbursement. That’s not surprising considering the amount of manual work done by finance teams — over 50% of their time in some organizations! Fewer errors with AI.
Three Tips for When Your Small Business Needs to Raise Funds
CPA Practice
OCTOBER 31, 2023
Know the difference between debt financing and equity financing These two terms get thrown around a lot when discussing fundraising. Debt financing is, at its core, just obtaining funds that you have to eventually pay back in addition to interest. Both are viable options, but they function very differently.
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Bookkeeping Fundamentals for Small Business Owners
DuctTapeMarketing
JULY 14, 2018
Small Business Finances. Not tracking daily transactions will cost you time and money down the road. This task helps you avoid running out of money suddenly — leaving you unable to pay employees, vendors, or Uncle Sam. Taking a look at shipping costs can also help save a business money. Content Marketing. Email Marketing.
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Why it’s more important than ever to talk about money
Accounting Insight
AUGUST 18, 2023
There has long been a social taboo around talking about money. Or maybe a sense that money conversations can easily tip over into bragging and judgement. Wherever it came from, this self-censoring when it comes to personal finances lingers to this day. Managing your money effectively isn’t always easy.
Venmo, CashApp, and Zelle… OH MY! Why They Aren't Ideal Payment Solutions for Small Businesses
SMBAccountant
MARCH 20, 2024
In today's digital age, the convenience of instant money transfers has become a staple in our daily lives, thanks to platforms like Venmo, Cash App, and Zelle. Larger sums of money involved in business transactions can attract hackers and scammers, posing a heightened security threat compared to personal transactions.
How small businesses can use the power of embedded finance
Xero
APRIL 12, 2023
This is an early example of embedded finance — one of the top fintech trends that is changing the way people use and move money. Embedded finance integrates financial tools or services — like lending, payments or even insurance — into non-financial experiences that you might use every day.
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Intuit Debuts Line of Credit for QuickBooks
CPA Practice
APRIL 3, 2024
QuickBooks delivers powerful money solutions that help small businesses manage their cash flow, which is critical to their survival and success,” David Hahn, vice president of Product, QuickBooks Money, said in a statement.
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Finances and the Aging Parent: A Roadmap For Family Harmony
CPA Practice
AUGUST 10, 2023
Money is usually a topic that families avoid around the dinner table. However, money matters must become an essential discussion topic for aging parents and their adult children. For this reason, most adult children should understand how to gradually become financial stewards of their parent’s assets and finances.
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Less than Half of Americans Can Afford a $1,000 Emergency Expense
CPA Practice
JANUARY 24, 2024
See the report: [link] The majority of Americans (56%) cannot afford a $1,000 emergency expense, and over one-third (35%) say they would borrow the money in some form. That includes 21% who say they would finance it with a credit card and pay it off over time to cover the expense, down from 25% in 2023.
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Retirement Plans for the Self-Employed
CPA Practice
DECEMBER 7, 2023
Kiplinger’s Personal Finance Kiplinger’s Money Power Figuring out the most effective way to save for retirement can be confusing for anyone, but for the self-employed, the challenge is often amplified. Ashlyn Brooks is a contributing writer at Kiplinger Personal Finance magazine. By Ashlyn Brooks.
The psychology of money: how your mindset affects your financial decisions
Reckon
MARCH 28, 2023
Anthony Martin, founder and CEO of Choice Mutual says: “The relationship between our mindset and how we handle money is exciting! Your beliefs, attitudes, and behaviours towards money can affect your financial health. Money is a crucial aspect of our business and personal lives.
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Virginia Accountant Admits to Stealing Over $1 Million From Client
CPA Practice
APRIL 19, 2024
By Stacy Parker, The Virginian-Pilot (TNS) A Virginia Beach, VA, accountant pleaded guilty April 12 to stealing more than $1 million from a client and using an additional $250,000 in COVID-19 small business relief money for personal bills. He believes Reich mismanaged Freedom Surf Shop’s accounts and sent his finances into a downward spiral.
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How to Conduct a Cash Flow Analysis
MineralTree
NOVEMBER 16, 2023
A cash flow analysis is the process of tracking, analyzing, and managing money movement in and out of a business. Components of a Cash Flow Statement Before diving into a cash flow analysis, there are three critical components to understand about how money flows in and out of your organization. What is a Cash Flow Analysis?
Let’s End Tax Break Giveaways for the Fat Cats of Pro Sports
CPA Practice
FEBRUARY 27, 2024
Local public officials are trapped in a no-win situation, which pits their residents’ love for local teams against the perverse economics of tax-privileged stadium financing. They can threaten to move their operation to another city almost any time they think it will get them a new facility financed by taxpayers.
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New banknotes means more money laundering – here’s how companies can spot it
Accounting Insight
NOVEMBER 2, 2022
This likely poses a problem for two groups of people: those who have legitimately earned and saved money outside of the banking system and those who have cash reserves that have been earned from illegitimate and illegal activities (like drug dealing, trafficking and more). Train staff to be on red alert. Flag high risk customers.
European Central Banks Demand Strict Cryptocurrency Regulations
PYMNTS
SEPTEMBER 13, 2020
11), the finance ministers of Germany, France, Italy, Spain and the Netherlands said they asked the executive branch of the European Union (EU), the agency responsible for managing the day-to-day business of the EU’s 27 nations, to prohibit stablecoins until oversight challenges had been addressed, Reuters reported.
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5 Ways to Gift Yourself Tax Savings This Holiday Season
CPA Practice
NOVEMBER 29, 2023
With the end of the year quickly approaching, now’s the time to make important year-end money moves that could gift you a smaller tax bill, bigger tax refund, or a better overall financial position in the year ahead. Here are five tax-savvy money moves to make now.
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Accounting is One of the Worst at Gender-Pay Fairness, Poll Says
CPA Practice
MARCH 17, 2023
But according to a new survey, women feel most unfairly compensated when they work in—wait for it—finance. According to Fishbowl by Glassdoor, a whopping 63% of women in finance jobs believe their pay doesn’t add up, compared with only 53% of male professionals. The pay gap, even in top finance roles, is well-documented.
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52% of Adults Say Money Has Negative Impact on Mental Health
CPA Practice
MAY 25, 2023
Money issues are increasingly taking a toll on mental health for many, as a new Bankrate report finds that more than half of U.S. adults (52%) say that money has a negative impact on their mental health (e.g. Nearly all of this group (98%) has at least one increased money worry in the last year. up from 42% in 2022.
CFOs Predict Growth in Net Profits
CPA Practice
OCTOBER 23, 2023
However, more than three-fourths (76%) of finance leaders predict net profit growth, with just over half (52%) saying their organizations will grow profits by more than 5%. Cost management is a constant focus The survey also found that finance leaders continue to choose cost optimization as their number one priority.
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New Markets Tax Credit Case Study for Welcome House
Cherry Bekaert
SEPTEMBER 27, 2023
Most men arrive at Welcome House with no money, job, means of identification or support system, and they frequently do not have a verifiable employment history. Financing Welcome House engaged in a multi-year capital campaign to successfully raise approximately $10 million. Jamie Boyle, MBA President & CEO Welcome House, Inc.
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COVID Fraud Cases Have Totaled Nearly $9 Billion, IRS Crime Unit Says
CPA Practice
APRIL 1, 2024
Over the last four years, the IRS Criminal Investigation unit has investigated 1,644 tax and money laundering cases related to COVID fraud totaling $8.9 Our special agents continue to seek out fraudsters who stole money from government loan programs for their personal gain.” government.
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Financial Analysis in White Collar Crime Cases
FraudFiles
OCTOBER 30, 2023
White collar crime cases tend to focus on the flow of money. Government investigators analyze the finances of a company or individual to determine where money came from and where it went. It is this trail of money that leads to evidence of a crime. Sometimes the financial evidence is …
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4 Priorities for Finance Teams in Late 2023
CPA Practice
AUGUST 14, 2023
The lingering (although receding) risk of a recession, stubborn inflation trends, economic policy debates, and geopolitical instability all create challenges for businesses and their finance teams. This unpredictability requires businesses to ensure maximum efficiency in their finance operations.
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The Implications Of Rising Interest Rates For Construction Contractors
Randal DeHart
OCTOBER 13, 2023
When interest rates go up, borrowing money becomes more expensive. You might have a more challenging time getting financing for new projects and have to pay more for the funding you get. This can impact your ability to make a profit on construction projects.
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Regulatory Compliance Digest | September 2023
Cherry Bekaert
SEPTEMBER 28, 2023
One of the most interesting sections addressed operational risk as it relates to the Institution’s Bank Secrecy Act/Anti-Money Laundering BSA /AML Program. financial system is more susceptible to money laundering, terrorist financing and other illicit financial activity risks. economy and financial system.
Five cash flow trends impacting small businesses
Xero
FEBRUARY 1, 2024
The survey findings became a series of Money Matters reports that were released in Australia , Canada , New Zealand , Singapore , the United Kingdom and the United States. Not being able to be paid will clearly have a flow-on impact on the personal finances of small business owners.
How Law Firms Can Get Started with Cash Flow Management
Anders CPA
MARCH 25, 2024
Money will move back and forth from this account: If money is needed in the operating account, money can be moved into that account and then back again when necessary. Tax account: You’ll want extra money set aside to distribute quarterly for partner taxes, as we discuss below. Mistake #2: Taxes? What Taxes?
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How Not to Suck at Divorce Podcast
FraudFiles
MARCH 17, 2022
Episode 20 is all about Divorce Finances, Forensics & Fraud. You may have seen her on CNBC On the Money, CBS, NBC, and in the Wall Street Journal. If you’re wondering what all this means, Tracy finds money. Money that has disappeared that you want back. What did we talk about? What is a lifestyle analysis?
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