Some Common Cents for September 23rd, 2016

September 23, 2016, by Lindsey Owens

This week, I made a presentation to an estate planning group in Mobile. The speaker prior to me either wasn’t aware of his allotted time or didn’t care, as he went extremely long. So, I truncated my prepared remarks by about 10 minutes to keep the conference somewhat close to on schedule. No worries; when you make as many talks as I do, you learn to make adjustments on the fly. Obviously, you can’t adequately...

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Upcoming Industry Changes – Same Day ACH

, by Lindsey Owens

Upcoming Industry Changes - Same Day ACH On Friday, September 23rd, 2016, ACH payments in the U.S. will undergo a significant change with the introduction of Same Day ACH (Phase I).  The goal of Same Day ACH is to allow the U.S. payments system to accelerate certain types of ACH payments.  The process of implementing Same Day ACH will occur in three phases over the next three years. What is Same Day ACH? Same Day...

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Some Common Cents for September 16th, 2016

September 16, 2016, by John Norris

Last Friday afternoon, I made a 3.5 hour long economic presentation to a group of CPAs who had waited until the last minute to get their continuing education credits for the year. You could say I was their penance, if not punishment. While I would like to think I am a decent public speaker, it is nigh impossible to keep everyone’s attention for that long on, admittedly, pretty dry stuff. Unless someone asks an extremely...

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Introducing Business Bill Pay

September 13, 2016, by John Norris

Oakworth Capital now offers Business Bill Pay!  We are pleased to introduce Business Bill Pay to our Oakworth Online Suite of Services.  This multi-tiered service is designed to streamline the Accounts Payable payment and management process for commercial and business clients through a single sign-on application within Oakworth Online. Issue  payments directly from an account via check Singular or Dual Control options Direct integration with certain accounting systems, including Quickbooks Import, create, manage and pay...

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Some Common Cents for September 2nd, 2016

September 2, 2016, by John Norris

This week, the European Commission (EU) ordered Apple, Inc., to pay the Irish government $14.6 billion in back taxes it claimed the company owed. Interestingly, the Irish weren’t asking for the money, quite the opposite. They were actively arguing otherwise. However, the powers that be, and in Europe there are a lot of them, determined a tax deal the country made with Apple amounted to an illegal state subsidy, and, therefore, was anti-competitive. Make no...

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Column: Is Alabama letting money go?

September 1, 2016, by John Norris

About a decade ago, I made an evening presentation to a surprisingly large crowd in Guin, Alabama, about the potential economic impact Interstate 22 would have on Marion County. It was one the easiest talks I have ever done. After all, having access to the interstate system is better than not having it when it comes to attracting business. As I was leaving, a county commissioner grabbed me by the arm, and led me to a...

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