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Low angle building photo with the words "Internal Revenue Service" on the side of the building
WASHINGTON — The Internal Revenue Service today reminded retirement plan participants and individual retirement account owners that payments, called required minimum distributions, must usually be taken by Dec. 31. Required minimum distributions (RMDs) generally are minimum amounts that retirement plan account owners must withdraw annually starting with the year they reach 72 or, if later,...
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Notebook with the words "Tax Planning" on it with a pen, a cup of coffee and a calculator on a desk.
What a year it’s been! So far, we have had to cope with a global pandemic, extreme political division, and a series of natural disasters—just to mention a few noteworthy occurrences. These events have complicated tax planning for individuals and small business owners. What’s more, new legislation enacted the last couple of years has had,...
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A finger touching a button that reads "Employment Law" on a large blue screen
A new state mandate became effective on October 1, 2021, impacting businesses of all sizes in Florida. Under the new requirement, Florida businesses (and businesses with Florida-based employees) are required to report certain details regarding all new hires (and re-hires) as well as any new independent contractors hired to the Florida Child Support Program. The...
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Pensacola waters with docks, boats in the water and several colorful residential buildings in the background.
Anglin Reichmann Armstrong has earned the badge of best accountant in the Pensacola area for 2021, as chosen by consumers participating in the Community Choice Awards “Best of the Bay–Pensacola” award. The award is sponsored locally by the Pensacola News Journal. The Official Community Choice Awards is a national one-of-a-kind contest where local residents choose...
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Two men seated at a desk with their computers, discussing a page filled with handwritten notes.
By Michelle Jenkins, CPA, MBA and Elena Miller, MBA Historical data is just one component of government contractor budgeting that, taken alone, will often miss the mark against actual costs or revenue. Using historicals that are looking backwards will drive the budget even farther from reality. To develop more accurate forward pricing budgets, finance leaders...
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Capitol building along with the American flag flying in front of a blue, cloudless sky.
On September 13, 2021, the House Ways and Means Committee released their proposed tax legislation for action by the full House. The following are the major points from that legislation. This is all subject to change as it moves through the House. So, there is nothing written in stone yet. What the Bill Does NOT...
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Kami Minor, manager of firm-wide related communications, marketing, and business development initiatives, in front of Anglin office.
Anglin Reichmann Armstrong is pleased to announce that Kami Minor has been promoted to Director of Marketing and Communications, effective September 16, 2021. Kami joined Anglin in May 2019, and in February of this year she was promoted to the position of Marketing Coordinator for the firm. As Director of Marketing and Communications, Kami will...
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Collage of Naglin employees who received promotions.
Anglin Reichmann Armstrong, P.C.  is pleased to announce the following promotions for employees in both our Huntsville, Alabama and Pensacola, Florida locations. Huntsville: In our Huntsville office, the following individuals have earned the promotions of supervisor. Ellen Deasy, Maggie Douglas, Raven Howlet, and Whitney O’Rear. Also from our Huntsville office, Sutton Parker, has earned the...
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A pile of American currency with a ripped piece of black paper on top with PPP Loan Round 2 written in white.
With the second round of Paycheck Protection Program (PPP2) loans moving toward the end of their covered periods, the Small Business Administration recently announced a new portal that will allow borrowers with loans of $150,000 or less to potentially apply for forgiveness directly rather than applying through their bank’s portal. According to the SBA’s announcement,...
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A man and a woman sitting in a kitchen holding papers in front of a computer.
You may be speaking with your CPA and financial professional regularly, but are they talking to each other? And more importantly, part of the same team? Here are a few reasons why your CPA and financial professional should be on the same team, providing you a comprehensive view of your financial picture and the implication...
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