QuickBooks Tip: Understanding Undeposited Funds

Has a balance in the Undeposited Funds account on your balance sheet ever caused you to double-post customer payments or overstate cash? If so, you aren’t alone.

Anti-Money Laundering: Challenges of Customer Risk Rating

Determining the risk rating for each customer is a key component of a financial institution’s Bank Secrecy Act/Anti-Money Laundering (BSA/AML) program.

Florida Companies Must File Annual Report by May 1

Annual reports for Florida corporations, limited liability companies, and partnerships are due on or before May 1, 2015. Reports submitted after that date will trigger a $400 late fee.

FinCEN Targets 700 Miami Exporters in AML Crackdown

FinCEN issued a Geographic Targeting Order (GTO) imposing stricter transaction reporting requirements on 700 businesses in Miami-Dade County. Businesses that don’t comply could face civil and/or criminal penalties.

Kaufman Rossin in the Community: Labrador Retriever Rescue

Sue Laslett of Kaufman Rossin talks about her involvement with a nonprofit organization.

7 Best Practices for Vendor Management for Banks

It’s important for banks to strengthen their vendor management programs to safeguard the confidentiality, integrity, and availability of the data, and minimize the impact if a data breach occurs.

How to Use Today’s Low Interest Rates to Save Estate and Gift Taxes

Low interest rates provide a fantastic opportunity to shift wealth to family members at minimal tax cost.

5 Tips for Women Looking to Succeed and Lead in Business

The Commonwealth Institute (TCI) hosted its’ Tenth Annual Awards Ceremony and Luncheon Honoring the Top Women-Led Businesses in Florida on Thursday, April 2, 2015 to recognize, support and honor those women whose hard work paves the way for the next generation.

Tax Planning: Income Tax Changes for Individuals

Last year, a number of late-stage law changes, including the passage of expired tax credits (known as “tax extenders”) and Affordable Care Act deadline changes, made tax planning more challenging than usual for individuals.

Don’t Fall Victim to ‘Dirty Dozen’ Tax Scams of 2015

Did you know you are responsible for all items on your tax return – even if you are the victim of a tax scam that caused you to unknowingly miscalculate that information? Errors on your tax return could lead to significant penalties.