Proposed New IRS Reporting Requirements Oct 4th, 2021 by: Anna Beam, Vice President | Associate Marketing Director Banking Tips While we do not routinely raise issues occurring in Washington with our clients, keeping your personal and financial information private and secure is our top priority. Congress is considering a plan to require all financial institutions to report detailed information on your personal and business bank accounts to the IRS, raising serious questions about your ... Read More
Imposter Scams: What Are They And How Can You Protect Yourself From Them? Sep 9th, 2021 by: Anna Beam, Vice President | Associate Marketing Director Banking TipsInformation SecurityInternet SecuritySecurity What was the No. 1 type of fraud Americans reported in 2020? If you guessed imposter scams, you’re correct. The Federal Trade Commission filed nearly 500,000 complaints about imposter scams last year — marking imposter scams the most common form of fraud reported to the FTC in 2020. Imposter scammers lie about their identity — ... Read More
Why Businesses Need To Embrace The Digital Payments Now Apr 6th, 2021 by: Anna Beam, Vice President | Associate Marketing Director Banking TipsBusiness Tips Before the pandemic, most businesses were living comfortably in the paper world when it came to managing their payments and collections. Many had relied for years on back-office staff to stay on top of the constant flow of checks, invoices and snail-mail. If that approach looked outdated before, it seems prehistoric after the events of ... Read More
How To Create A Budget 101 Apr 1st, 2020 by: Anna Beam, Vice President | Associate Marketing Director Banking Tips In the simplest terms, a budget is a plan for your money. And following one is essential for reaching your financial goals. Like using a map for a road trip, having a budget provides direction. It lets you decide how you’re going to spend your money before you actually spend it, giving you potential routes ... Read More
Tips To Avoid Becoming A Victim Of Fraud Apr 10th, 2019 by: Anna Beam, Vice President | Associate Marketing Director Banking TipsInformation SecurityInternet SecuritySecurity Trends in social engineering attacks Social engineering is on the rise, so it’s especially important to be vigilant against these attacks. The following are new trends in the world of social engineering: Vishing: The Internal Revenue Service (“IRS”) scam: The target receives a call, email, or a visit from a fraudster claiming to be ... Read More
