CRI Partner Doug Mims is presenting Currency Transaction Reporting, Documentation, and Monetary Instruments at the Georgia Bankers Association's BSA Experience on Tuesday, August 20, 2019. This experience is designed to take BSA officers, compliance officers, risk management officers, internal auditors, and their teams through all topics that support an effective BSA program. A financial institution is [...]
Governments are continuing to identify new avenues to borrow and are diversifying their debt-issuance practices. One of the newer trends in governments is direct borrowing from banks. These borrowings have led some users of the financial statements to have some concerns about the level of disclosure provided in the notes to the financial statements. Inconsistency [...]
CRI Partners Robert Lemmon and April Shuping will present at the Florida Government Financial Officers Association Annual Conference. This conference is a multi-day event covering a variety of accounting topics that are specifically applicable to governmental entities in Florida. Their session will discuss some key factors to be considered when accounting for estimates and will go into [...]
CRI Partner Christy Cardillo will participate in a panel discussion related to Qualified Opportunity Zones in Sarasota County on April 24, 2019, at 8 a.m. at the Payne Park Auditorium. This will be a general discussion about QOZs. The panel includes Shay Atluru, President/CEO of DTC, Inc. as Moderator; Christy Cardillo; Steven Stancel, General Manager of Economic [...]
CRI Partner Brian Barksdale will speak at the regular meeting of the Trussville, AL Daybreak Rotary Club on April 3, 2019. He will present on fraud in business, focusing on prevention and detection procedures.
Not all organizations are good candidates for the formation of a captive insurance company. In most cases, captives tend to make the most sense for organizations that; are comfortable with managing their risks internally are comfortable with the retention of certain levels of risk have competent risk management professionals in place to lead the captive [...]
What is a captive insurance company? This is a common question and one that can be answered in many different ways, as there are numerous different captive programs and structuring options. Perhaps the simplest definition for a captive insurance company is an insurance company that is owned by its insured(s). Captives are real insurance companies [...]
Healthcare provider captive insurance arrangements represent approximately 15% of the global captive insurance market and are currently one of the largest growing sectors within the captive industry due to the changing risk landscape that healthcare organizations are facing. Approximately 75% of hospitals now have some form of alternative risk management in place for their professional [...]
CRI partner Christy Cardillo will join other Manatee County professionals to present an Informational Session surrounding Opportunity Zones on February 25, 2019. They will present on how the community can benefit from this new tax law, how to invest, and where investments can be made.
CRI partner Brian Barksdale will present Municipal Budgeting: A Balancing Act at the Alabama League of Municipalities Annual Convention on May 6, 2019. He will review the importance of proper financial budgeting for municipalities and the impact on city management decisions and actions.
CRI Partners Robert Coker, Larry May, and Britt Campbell will be presenting at the Construction Financial Management Association's Southeastern Regional Conference on April 26-27 in Chattanooga, TN. Their presentation will focus on fraud in the construction industry.
AML Perspectives Human trafficking is recognized as one of the fastest growing criminal enterprises, and with it comes unique challenges for AML professionals tasked with the detection and related reporting of money laundering red flags. The United Nations Office on Drugs and Crime define human trafficking as “the recruitment, transportation, transfer, [...]
Back to the Basics Often described as a “hybrid arrangement,” cash balance plans are a specific type of defined benefit plan. When a cash balance plan is in place, employees will be eligible for an account that is credited yearly with a contribution that is “employer-funded.” That account is also guaranteed an interest amount that [...]
CRI Partner Ann Marie Sale will present a Disaster Loss Tax Workshop at Lynn Haven United Methodist Church on Sunday, January 27, 2019. She will discuss how to maximize your tax benefits in 2019.
CRI Partner Hardy Foreman will be speaking alongside Joe Kane at the UL Coleman monthly staff meeting on January 25, 2019. They will present information on cost segregation, energy efficiency studies, federal and state historic tax credits, and opportunity zones.
The Manatee Chamber of Commerce will be hosting CRI Partners Lorri Kidder and Christy Cardillo to present Accounting Changes and Tax Reform: Changes Every Business and Organization Needs to Know on January 29, 2019. They will be discussing revenue recognition and its application as well as changes to financial presentation for nonprofit organizations. Additionally, they [...]
On September 14, 2018, Hurricane Florence made landfall near Wrightsville Beach, North Carolina unleashing destructive winds and rainfall leading to catastrophic loss in the Tarheel state. Eastern North Carolinians bore the brunt of the storm’s excruciatingly slow movement as it dropped as over 30 inches of rain in some places causing flooding in many areas. [...]
CRI Partner Hardy Foreman will be speaking at the Landman Association Luncheon on January 7, 2019. He will be discussing the benefits of the new tax regulations and how they will benefit the oil and natural gas business.
AML Perspectives Much has been made of the “Beneficial Ownership Requirements for Legal Entity Customers,” which went into effect July 11, 2016, with a compliance date May 11, 2018. In fact, on the surface, one could mistakenly ascertain FinCEN’s final rule related solely to beneficial ownership. Furthermore, there are indications that [...]
While not-for-profit entities generally aren’t concerned with income tax law changes, some of the provisions of the Tax Cuts and Jobs Act that went into effect January 1, 2018, can have a significant impact on them. One such change could create Unrelated Business Taxable Income (UBTI) even if the nonprofit hasn’t previously been subject to [...]