August, 2021

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Section 179 & Bonus Depreciation - Saving w/ Business Tax Deductions

Commercial Credit Group

Over the years many companies have saved on their taxes by taking advantage of Section 179 and Section 168(k) of the IRS Tax Code. Herein we’ve provided some information about the opportunity for tax savings, the changes, and things to consider in order to take advantage of the tax benefits.

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Independent Loan Review: 3 Advantages for Financial Institutions – Video

Abrigo

Gain an Edge with Loan Review Function Independent loan review helps financial institutions achieve growth goals and win over competitors, Consultant Ancin Cooley explains in this video. You might also like this webinar: "Create & Maintain a Successful Loan Review Function" WATCH . Takeaway 1 Independent loan review might be seen as an irritation or annoyance, but it is vital for financial institutions' growth.

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Non-bank Lenders Lead the Way Providing Capital for Small Business

SMB Commercial Lending

Now that the PPP is over, small business owners still face challenges, including rising costs of fuel and wages, along with a tight labor market. Continued access to capital will be vital in supporting the entrepreneurial rebound. , According to Forbes, Non-bank lenders have seen a steady increase in their loan approvals; credit unions edged up from a 20.4% approval rate in May, to 20.5% in June 2021.

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After a series of Data Breaches among big corporations, you know more than ever that Your Mobile Phone Could Expose Your Crypto Assets to Cybercrime

Regal Credit Management

Nowadays, our mobile phones are never further than an arm’s reach away. And they contain volumes of personal and financial information that, in the wrong hands, could compromise your safety and security. If you’ve invested in cryptocurrency, you’re at risk of becoming the target of cybercrime — and what’s more, cybercriminals can take over your fortune for as little as $12!

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What is Loan Amortization, Really?

StackSource

- An amortized loan is a type of loan with scheduled, periodic payments that are applied to both the loan’s principal amount and the interest accrued. - As you continue to make monthly payments, the portion of your fixed payment that goes to interest is less and less and the portion that goes to reducing your loan principal is more and more. - There are two key differences between Residential and Commercial Real Estate (CRE) loan amortization schedules.

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5 Tips for a Successful System Conversion

MediRevv

Patient accounting system conversions can be complex, confusing, and costly, even when they're done "right." The truth is that even the simplest conversion can create huge financial burdens if not executed with care and specific goals in mind. Conversions can involve multiple departments, tight deadlines, training teams, and overcoming a huge learning curve.

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Navigating Consumer Lending Challenges for Profitability

Abrigo

Takeaway 1 Many tasks consumers once did in person have been transformed by digitalization – including retail banking. Takeaway 2 A consumer loan origination system can help FIs offer a fully digital retail lending experience. Takeaway 3 Enhancing the customer experience means delivering on customer expectations with digital offerings. How can FIs overcome retail lending challenges?

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SBA Accepts More Than 340K Submissions

SMB Commercial Lending

In Less Than Two Weeks, Paycheck Protection Program Direct Borrower Forgiveness Portal Surpasses Expectations, Accepts More Than 340K Submissions. SBA portal significantly outpacing top PPP lenders not utilizing the Agency’s direct forgiveness tool in forgiveness submissions. August 23, 2021 - WASHINGTON – Since the opening of the Paycheck Protection Program (PPP) Direct Borrower Forgiveness Portal on August 4, the U.S.

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Scared of being targeted for cyber attacks? Here’s How To Protect Yourself From Cybercrime and Identity Theft.

Regal Credit Management

As difficult as cybercrime is to prosecute, you can take steps to protect yourself. Here are 3 HELPFUL WAYS to prevent cybercriminals from compromising your sensitive information: Place a security freeze on your credit file. This will prevent identity thieves from opening accounts under your name. Note : You can freeze your file at the three U.S. credit bureaus—Experian, TransUnion, and Equifax—for free, but you must call each one individually.

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How BaFin has updated its Application Guidance (AUA) in relation to the German Money Laundering Act

Actico

BaFin´s interpretation and application guidance in relation to the German Money Laundering Act provides specific information on how to implement the regulations.Credit institutions now have better guidance on these issues to help them manage their compliance processes and prevent money laundering (AML). Find out how the monitoring system called ACTICO Compliance Suite can help.banks and financial service providers.

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[Webinar] Mastering Payments: Insights from Epson on a customer-centric approach to payments

GoCardless

Discover how Epson has tackled international expansion with a customer-first approach to payments. Hear how Epson has benefitted from introducing Direct Debit across Europe, including improved conversion and customer acquisition.

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Where Have All The Community Banks Gone?

Commercial Lending

Listen to Audio Segment of Brad on Real Estate Revealed Here: [link]. Brad Hettich on Real Estate Revealed, Sunday, August 1, 2021. . Transcript of Real Estate Revealed Show on AM560 from Sunday, August 1st, 2021. . Welcome to August everyone. . . As you stated, my topic for today is: “Where have all of the Community Banks gone?”. . If you are a small business owner trying to find a community banking relationship, this is probably a question you are asking yourself. . .

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FinCEN AML/CTF Priorities Part 6: Transnational Organized Crime (TOC)

Abrigo

Transnational Organized Crime Reaches Far and Is Growing One of FinCEN's first priorities for AML/CFT policy is to combat transnational organized crime (TOC). Would you like others articles like this in your inbox? Takeaway 1 Transnational organized crime includes phishing, trafficking, illicit firearm sales, and more. . Takeaway 2 The U.S. in 2001 began outlining strategies to combat transnational organized crime.

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Infrastructure bill pulls $31 billion from Covid disaster loan program

SMB Commercial Lending

A $1 trillion Senate infrastructure bill unveiled Sunday would pull $31 billion in unobligated funds from the Economic Injury Disaster Loan program. The loans were one of the policy levers Congress used to help ailing businesses during the Covid pandemic. It initially suffered some setbacks such as delays and reduced funding amounts amid high demand.

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THE COMPLEXITY OF PROTECTING ONESELF FROM CYBERCRIME

Regal Credit Management

Cybercriminals can be anywhere, targeting anyone, which makes them incredibly difficult to hunt down. The sheer quantity of people committing these crimes, as well as the extensive resources needed to prosecute them, paves the way for easy repeat offenses. In 2018, the FBI’s Internet Crime Complaint Center (IC3) received 351,936 complaints — but only launched a minuscule 18 investigations.

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Product: CMPro CPWeb

Serrala

Product: CMPro CPWeb EN soufyan.elidri… Fri, 03/22/2024 - 15:55 Secure, automated, and centralized payment processing with Cash Management Pro and CPWeb Cash Management Pro and CPWeb col-md-4 Home Automate your payment transactions with one of the leading solutions in the DACH region Our powerful, scalable solution for your sensitive payment processes More than 30,000 users rely on Cash Management Pro or CPWeb for payment processing, securely, efficiently, and effectively.

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GoCardless and Piano Partner to Help Publishers and Brands Drive Recurring Revenue

GoCardless

Leading Fintech for Account-to-Account Payments Integrates With Analytics and Activation Platform to Prevent Card Failures, Reduce Customer Churn and Grow Subscriber Count

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Best Banks for Small Business in Georgia

Fundera

Opening a business bank account is an essential part of running a small business. It’s the best way to separate your personal and business expenses. An added bonus is that it usually makes tax season a whole lot easier too. If you own a business in the Peach State, you may be looking for the best bank for small businesses in Georgia. The truth is that every financial institution is different.

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Independent Loan Review & Credit Risk Review System Objectives

Abrigo

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . Would you like other articles on loan review in your inbox? Takeaway 1 A system for ongoing, independent credit risk review will not look the same from institution to institution. Takeaway 2 However, a loan review or credit risk review program should accomplish several key objectives.

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Biden’s new SBA head on Covid loans and financial relief businesses can still get

SMB Commercial Lending

SBA Financial Relief. President Biden’s SBA Administrator Isabelle Guzman says it was a “huge scale” change for the federal small business agency to handle $1 trillion in Covid-19 loans, grants and other forms of financial relief. While the PPP program and Shuttered Venues Operator Grant program were criticized, the SBA leader says she is forcing SBA staff to think more like entrepreneurs and tech start-ups and solve that scale problem so the agency makes equitable, efficient funding decisions t

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You May Be More Vulnerable to Cybercrime and Cyber Attacks Than You Think

Regal Credit Management

Hacker Image by AKE. The U.S. is a prime target for cybercrime, and this is largely due to an ID tag that nearly every American possesses: our social security numbers. Social security numbers (SSNs) form the basis for identification in the U.S. They’re used for a range of things, but few Americans realize how easy they are to piece together. Only the last four digits are actually randomized; the first five are determined by when and where you were born.

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How to Get an Experian Sample Business Credit Report (and What It Will Include)

CommandCredit

If you are looking for a sample of an Experian business credit report , here is the easiest way to do it. Go to the Command Credit website to view samples of the different types of business credit reports. You can view samples of each of the Experian business credit reports. Experian Premier Profile: A comprehensive business report to facilitate better credit decisions Experian Business Profile: A business credit report on more than 27 million businesses Experian Intelliscore Plus: Predictive cr

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[Report] The global payment timings index 2021

GoCardless

How quickly does your business get paid compared to the industry benchmark? We looked at over 40 million payments from 65,000 businesses to find out.

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Flying Your Spaceship to the Moon: How to Optimize Your Patient Accounting System

MediRevv

What do successful, future-focused organizations all have in common? They are excellent at embracing change. As many of us witnessed during the pandemic – from restaurants to healthcare providers – the ability to adapt to meet consumer needs and perform well financially is critical. So, let’s talk patient accounting systems and your revenue cycle strategy.

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Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

How can community financial institutions thrive in 2021? Community banks provide unique and important banking services for their customers, but they also face significant obstacles. Would you like other articles like this in your inbox? Takeaway 1 Community banks play an important role in the economy and their communities, but they face significant obstacles.

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Employee Retention Tax Credit Extended to End of 2021

SMB Commercial Lending

Eligible businesses can file retroactive claims for wages paid in prior tax quarters. Eligible employers are private-sector businesses and tax-exempt organizations that experienced: A full or partial shutdown of operations as a result of a government order limiting commerce due to COVID-19 during 2020 or 2021. A gross receipts decline of more than 50 percent during a 2020 or 2021 calendar quarter, when compared to the same quarter in the prior year.

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Unpacking Financial Jargon

Sky Business Credit

It doesn’t matter if you’re dealing with a brokerage firm, investment bank, or a mortgage company. When you first dip your toe in the water of any financial service that’s new to you, you feel like you need to dust off your old Rosetta Stone software. All of a sudden, you’re speaking a foreign language. Every financial institution seems to have its own unique vocabulary and with it, a whole lot of jargon that can make an already intimidating situation seem almost impossible.

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Benefits of an Experian Business Credit Report Subscription

CommandCredit

Before you offer credit to a new customer or order products from a supplier, it is important to know whether their business is financially healthy. Business credit reports help protect your business by providing information that helps you avoid making bad credit decisions that could hurt your cash flow or ordering from suppliers who cannot deliver. With an Experian business credit report subscription, you can order business credit reports on customers and suppliers whenever you need to.

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Equity Multiple

StackSource

Why real estate investing’s simplest overall financial return metric is still useful

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Behind the scenes: interning at GoCardless

GoCardless

How interning at GoCardless changed Tanya's opinion on inclusive workplaces

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