January 2026

AI and Banking

In 2025, North America leads in AI adoption in banking, with 98% of institutions using AI for at least one operational process, per statistics from CoinLaw.io, From fraud prevention to real-time customer service, AI adoption in banking has surged in 2025, turning traditional institutions into smart, data-driven powerhouses. Image by Qubes Pictures from Pixabay Practical Implications for You Do you have

AI and Banking Read More »

$600 Reporting Threshold

There has been considerable discussion about the $600 reporting threshold, and confusion has resulted from legislative changes and IRS delays. As we begin the new year, here is the latest information I’ve found to pass along to you all. Reporting for Third-Party Payment Networks The reporting requirements for Third-Party Settlement Organizations (TPSOs), such as PayPal,

$600 Reporting Threshold Read More »

Scroll to Top