Mary Alison Capps

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So far Mary Alison Capps has created 26 blog entries.

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. [...]

2018-12-11T12:51:46+00:00November 20th, 2018|ANTI-MONEY LAUNDERING, 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|

CRI MONTGOMERY: Home Builders Association of Alabama

CRI Managers Kyle Simpler and Rebecca Graham will be speaking at the Home Builders Association of Alabama Annual Convention on Saturday, November 10, 2018, at the Grand Hotel Golf Resort & Spa. Topics of discussion will include a broad overview of the Tax Cuts and Jobs Act of 2017.

2018-11-08T08:27:46+00:00November 8th, 2018|Around Town|

The Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Audit Revisited

AML Perspectives The challenges of BSA/AML compliance continue to evolve for financial institutions as they seek to meet heightened regulatory expectations in areas such as Customer Due Diligence (CDD) or in automating monitoring processes, all while effectively managing the associated cost of ongoing compliance. In the meantime, the Financial Action Task [...]

CRI CLOVIS – JACK KIRKLAND: Agriculture Tax Issues Course

CRI Partner Jack Kirkland is presenting the Texas Extension Education Foundation's Agriculture Tax Issues Course for CPE credit during the coming weeks. Topics covered include prepaid farm expenses and deposits, demolishing a farmstead, farm depreciation, and more.

2018-11-01T17:25:00+00:00November 1st, 2018|Around Town|

A Helping Hand in Grants Management

The literature is out there; many agencies have published guides on grants management. For example, this website from the U.S. Department of Health & Human Services does an exceptional job in laying out what your organization needs to do both before and after an award. Yet, due to changing requirements, increased oversight, budget cuts, and [...]

2018-11-12T15:42:19+00:00October 19th, 2018|GOVERNMENTS|

CRI ENTERPRISE – TOMMIE SINGLETON: Understanding & Combating Cyberfraud

CRI Partner Tommie Singleton will be participating in a Women in Public Finance panel for Q&A on the topic of Understanding and Combating Cyberfraud. Tommie will be discussing some of the legal issues for breaches and how to asses cyber threat risks for a particular entity.

2018-10-15T16:45:05+00:00October 15th, 2018|Around Town|

Hurricane Michael Tax Filing Deadline Updates

Last Updated: November 4, 2018 1:45 PM We hope that our clients and friends have remained safe during this significant weather event. Our thoughts are with all of those who have been affected during and in the aftermath of Hurricane Michael. IRS Announces Tax Relief for Hurricane Michael Victims The IRS has extended deadlines that apply [...]

2019-01-03T14:00:48+00:00October 12th, 2018|DISASTER RECOVERY|

CRI ALBUQUERQUE – New Mexico Society of CPAs Women to Watch

The New Mexico Society of CPAs has selected the 2018 Outstanding Members and Women to Watch. CRI Partner Amy Cherne will be honored with the Woman to Watch, Experienced Leader award. CRI Manager Gwen Mansfield-Vogt will be honored with the Woman to Watch, Emerging Leader award. These awards will be presented at the Pride in the [...]

2018-10-01T15:41:11+00:00October 1st, 2018|Around Town|

CRI ALBUQUERQUE: Locker #505 Hoodie Drive

Join the Carr, Riggs & Ingram (CRI) Albuquerque office in a community collection of new and slightly-used hoodies and coats to benefit students in need during the new school year and coming winter months! These donations will be given to Locker #505, a non-profit organization that serves Albuquerque children. Donations can be dropped off at: [...]

2018-11-12T15:42:22+00:00September 28th, 2018|Around Town|

CRI BRADENTON – BYRON SHINN: University of South Florida Presidential Search Committee

CRI Partner Byron Shinn will serve among other prominent Gulf Coast business-people on the Presidential Search Committee for the University of South Florida. Read more on the Florida Business Observer.

2018-09-26T10:10:39+00:00September 26th, 2018|Around Town|