Mary Alison Capps

About Mary Alison Capps

This author has not yet filled in any details.
So far Mary Alison Capps has created 34 blog entries.

Is a Captive Right for Your Organization?

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 [...]

2019-03-18T14:37:12+00:00March 18th, 2019|CAPTIVE INSURANCE|

3 Benefits of Creating a 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 [...]

2019-03-18T11:27:18+00:00March 18th, 2019|CAPTIVE INSURANCE|

Captive Insurance Overview: Healthcare Provider Industry Highlights

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 [...]

2019-03-15T11:46:10+00:00March 15th, 2019|CAPTIVE INSURANCE, HEALTHCARE|

CRI BRADENTON – CHRISTY CARDILLO: Manatee Chamber of Commerce Opportunity Zone Information Session

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.

2019-02-19T14:28:53+00:00February 19th, 2019|Around Town|

CRI BIRMINGHAM – BRIAN BARKSDALE: Alabama League of Municipalities Annual Convention

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.

2019-02-19T14:19:10+00:00February 19th, 2019|Around Town|

CRI BIRMINGHAM: CFMA Southeastern Regional Conference

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.

2019-02-12T17:35:37+00:00February 12th, 2019|Around Town|

Anti-Money Laundering (AML) Implications of Human Trafficking

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, [...]

2019-02-28T12:16:58+00:00February 12th, 2019|FINANCIAL INSTITUTIONS|

What Does a Cash Balance Plan Mean for You?

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 [...]

2019-02-15T11:21:47+00:00February 7th, 2019|EMPLOYEE BENEFIT PLANS|

CRI SHREVEPORT – UL Coleman Monthly Staff Meeting

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.

2019-01-22T21:07:04+00:00January 21st, 2019|Around Town|

CRI BRADENTON – Accounting Changes and Tax Reform

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 [...]

2019-01-16T09:35:26+00:00January 16th, 2019|Around Town|

Hurricane Florence and Business Interruption

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. [...]

2019-01-09T12:34:47+00:00January 9th, 2019|DISASTER RECOVERY|

The Fundamentals of Customer Due Diligence

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 [...]

2019-01-04T13:24:03+00:00January 4th, 2019|FINANCIAL INSTITUTIONS|

Not For Profits – Notice 2018-99

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 [...]

2019-01-04T11:11:25+00:00January 4th, 2019|NOT-FOR-PROFITS|

The Evolution of the Bank Secrecy Act

AML Perspectives The Bank Secrecy Act (or “BSA”) has long been part of the regulatory landscape as a fundamental component of the safety and soundness process. In fact, most professionals who currently work for or with financial institutions do not recall when BSA was not a critical component of the financial institution [...]

2019-01-03T08:58:08+00:00December 3rd, 2018|FINANCIAL INSTITUTIONS|

The FASB Clarifies How Nonprofits Should Account for Contributions

Accounting Standards Update (ASU) 2018-08, titled Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made, was released by the Financial Accounting Standards Board (FASB) on June 21. It clears up some of the more ambiguous facets of the new revenue recognition model that will go into effect for most nonprofits at [...]

2018-12-11T15:17:32+00:00November 20th, 2018|NOT-FOR-PROFITS, REVENUE RECOGNITION|

The Continued Importance of Risk Assessment for Financial Institutions

AML Perspectives Prevailing FFIEC guidance indicates the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) risk assessment is fundamental to achieving an effective risk-based BSA/AML compliance program. In fact, the FFIEC BSA/AML Examination Manual emphasizes that examiners evaluate the financial institution’s risk assessment as part of the planning and scoping phase of the examination. [...]

2019-02-01T12:39:16+00:00November 20th, 2018|FINANCIAL INSTITUTIONS|

Hurricane Michael and Florida Residential Associations

On October 10, 2018, Hurricane Michael and its 155 mph winds changed life forever in Northwest Florida. Residents of Bay County and Gulf County suffered the worst, with catastrophic damage as a result of the extreme winds and storm surge. Many of these residents live in condominium and homeowner associations, which suffered damage along with [...]

2018-12-05T15:50:46+00:00November 14th, 2018|DISASTER RECOVERY|