Mary Alison Capps

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So far Mary Alison Capps has created 40 blog entries.

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|


CRI Partner Ron Jacobson was recently featured on John Garrett's Green Apple Podcast. Ron discusses how his bowling career has transcended into his professional career with Carr, Riggs & Ingram. Listen now on John Garrett's website.

2018-12-04T20:49:24+00:00December 4th, 2018|Around Town|

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|

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 [...]

2019-02-01T12:40:00+00:00November 5th, 2018|FINANCIAL INSTITUTIONS|

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 [...]

2019-02-18T09:43:09+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|

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|

CRI ATLANTA – DOUG MIMS: Georgia Bankers Association Bank Accountant Conference

CRI Partner Doug Mims will be speaking at the Georgia Bankers Association Bank Accountant Conference on October 1, 2018. He will be participating in the Bank Accountants Breakfast Meeting and Hot Topics Discussion.

2018-09-25T19:48:28+00:00September 25th, 2018|Around Town|

How Important is Compliance with Government Regulations to a Firm’s Accounting System?

For firms that want to do business with the Federal Government, it is a good idea to set up their cost accounting to be compliant with federal regulations from the start. The specific need for a compliant accounting system depends on the contractor’s circumstances and contract types. If a firm has or is contemplating bidding [...]

2018-11-12T15:42:25+00:00September 19th, 2018|GOVERNMENT CONTRACTING|

CRI BIRMINGHAM – BRIAN BARKSDALE: 2018 Governmental Accounting and Auditing Forum

CRI Partner Brian Barksdale will be speaking at the 2018 Governmental Accounting and Auditing Forum on December 6, 2018. The program will include information on all GASB standards as well as guidance on the standards and tips for implementation.

2018-12-11T15:19:27+00:00September 10th, 2018|Around Town|