Financial Institutions

How businesses can use stress testing to improve risk management

Financial Institutions, Financial Oversight, Risk Management, Small Business / Douglas Freeman

If you’ve been following the news lately, you’ve surely heard or read about the sudden rise in concern about the banking industry. Although the story is still unfolding, an important lesson for business owners is already clear: You’ve got to be constantly on guard against the many risks to your company’s financial solvency. One way […]

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Businesses may receive notices about information returns that don’t match IRS records

(TIN) Taxpayer identification Number, Financial Institutions, Internal Revenue Service (IRS), Matching IRS Records, Small Business, Tax Return / Douglas Freeman

The IRS has begun mailing notices to businesses, financial institutions, and other payers that filed certain returns with information that doesn’t match the agency’s records. These CP2100 and CP2100A notices are sent by the IRS twice a year to payers who filed information returns that are missing a Taxpayer Identification Number (TIN), have an incorrect

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