The Internal Revenue Service plans to boost the number of audits it conducts next fiscal year.
And if that’s not enough to get your attention, the added audits are just one of the measures that are part of a renewed effort to crack down on compliance. Continue Reading IRS warns businesses: more audits on the way
It’s been a couple of years since someone from Colorado Springs has held a spot on the Colorado Bankers Association Board of Directors.
But last week, the statewide association announced that Ed Sauer, president and chief executive officer of The Bank at Broadmoor and The Bank at Briargate, had been elected to the board for a two-year term. Continue Reading Bank at Broadmoor’s Sauer to serve on state board
It appears more consumers are turning to the Internet to service their credit card accounts.
In the first quarter of 2005, the number of people who manage their credit card accounts online grew 28 percent, compared to the same period in 2004, according to ComScore Networks, an Internet monitoring and research company. Continue Reading More turn to Internet for debt management
Many Americans will be dreading their first look at credit card statements after this year’s holiday season, but credit counselors are offering advice to make the recovery effort less painful.
Here’s the list of the steps they suggest consumers should follow: Continue Reading Credit counselors’ New Year’s resolution tips
With business loans of about $200 million and a single downtown location, First Community Bank is poised to extend its lending reach with a second location in 2006.
The bank received approval this month to open a branch near the intersection of Union and Academy boulevards, said First Community Bank Regional Vice President Doug Woods. Continue Reading First Community Bank to open second branch
Accountants at Biggs Kofford did a double take last week when they saw that tax planning information on the Colorado Department of Revenue Web site had changed.
Relying on information they had initially received from the DOR, accountants from the firm released information notifying taxpayers that excess revenue collected under the state’s Taxpayer’s Bill of Rights would not only mean they were entitled a refund from the state but also an opportunity for tax breaks in the form of the expanded Colorado source capital gain subtraction, charitable contributions subtraction, interest and dividend subtraction and the child care or child tax credit. Continue Reading 2005 TABOR surplus not enough for breaks
Retirement planning information just established a new address on the information superhighway.
As an alternative to the typical wealth building or retirement planning seminar during a dinner hosted at a local hotel, Legacy Advisors of Colorado Springs is offering another route to become educated about retirement planning options. Continue Reading Virtual seminar offers retirement plan tips
The federal bank, thrift and credit union regulatory agencies have issued an amendment to the Fair Credit Reporting Act that allows inquiries into medical information to determine credit eligibility.
The amendments, which become affective April 1, will also allow credit affiliates to share medical information. Continue Reading Credit checks will have access to medical info
There has been a lot of talk lately about Americans saving less money these days, and by some accounts the nation’s personal savings rate is at its lowest point since the Great Depression of the 1930s.
Experts say this is a problem because it’s leaving Americans ill-prepared for emergencies and retirement, and building potential for a financial crisis down the road. Continue Reading Banks push spending to encourage saving
It was déjà vu come true for U.S. Bank this week as officials re-opened the lobby of the branch at Pikes Peak and Wahsatch.
The lobby has been closed to walk-in business since the late 1990s, when banking traffic at the location took a dive, said Lana Yeakel, president of U.S. Bank downtown. Continue Reading U.S. Bank’s Wahsatch branch lobby re-opens