Are You Ready for the New Revenue Recognition Standard? Ten Illustrations March 30th, 2018Finance, Accounting & Compensation TER | Technology Executives Roundtable By: Paul Arne, Sean Lager, Alexander Woollcott The Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2014- 09 (Topic 606), Revenue from Contracts with Customers, which is a principles-based standard on accounting for revenue from contracts with customers and replaces the preexisting rules based guidance designed for specific industries. ASC 606, or the “New Standard,” is effective for public companies with fiscal years beginning after December 15, 2017 and for nonpublic companies with fiscal years beginning after December 15, 2018. This article will refer to the pre- ASC 606 standards as the “Old Standard” or Read More
SE Tech Podcast Ep. 50 – Questis with Steve Wilbourne February 12th, 2018Finance, Accounting & Compensation, SE Tech Podcast financial, technology We speak with Steve Wilbourne from Questis, a comprehensive financial wellness technology platform that allows financial institutions to offer their customers and their employees a configurable financial wellness program at scale. Questis is headquartered in Charelston, SC. Read More
Perspectives on Payments May 22nd, 2015Finance, Accounting & Compensation by Austin Mills These are exciting times in the payments industry. It seems like more innovation is occurring and more participants are joining the space than ever before. Emerging financial technology providers are increasingly playing a role in the payments ecosystem. I recently attended a multi-day payments event broadly covering the payments industry. Below are a few of the insights and takeaways I gained that may be beneficial to FinTech and payments entrepreneurs, investors and other professionals. Technology is Displacing Banks – From prepaid to Bitcoin to alternative lenders, non-bank financial service providers are becoming more prevalent than ever. These new entrants often Read More
A Look at the Georgia FinTech Ecosystem December 29th, 2014Finance, Accounting & Compensation Read More
Consider tax consequences before designing an app November 7th, 2014Finance, Accounting & Compensation Read More
Are You a Money Transmitter? September 25th, 2014Finance, Accounting & Compensation, FinTech/Payments, MMM Tech Law Video Channel Payments Are You a Money Transmitter? from MMMTechLaw on Vimeo. Read More
Data science key for FinTech companies September 22nd, 2014Finance, Accounting & Compensation Read More
More Investment Needed in Data Science Capabilities | Bank Systems & Technology September 18th, 2014Finance, Accounting & Compensation Read More
Disclosure Requirements and Considerations Under the New Revenue Recognition Standards September 9th, 2014Finance, Accounting & Compensation, FinTech/Payments, MMM Tech Law Video Channel Revenue Recognition Morris, Manning & Martin and Habif, Arogeti & Wynne join forces to provide a unique legal and accounting perspective on changes to new revenue recognition standards for tech companies. Disclosure Requirements and Considerations Under the New Revenue Recognition Standards from MMMTechLaw on Vimeo. Read More
Supreme Court Reaffirms Taxpayer’s Right to Challenge IRS Summonses July 1st, 2014Finance, Accounting & Compensation by Bryan Levy On June 19, 2014, the United States Supreme Court issued its decision in United States v. Clarke, No. 13-301, reaffirming the right of a recipient of an IRS summons to challenge the summons by examining IRS officials in an adversarial proceeding. For residents of Alabama, Florida, and Georgia, however, Clarke is a pyrrhic victory for taxpayer rights, as the Supreme Court’s decision imposes a greater evidentiary burden on the recipient than the prior controlling precedent from the United States Court of Appeals for the Eleventh Circuit. The impact likely will be significant in light of a recent IRS directive, Read More