The President has approved the request by Florida Governor Ron DeSantis in the wake of hurricane Sally for a FEMA Disaster Declaration for Individual Assistance. The declaration allows anyone in Pensacola and greater Escambia County impacted by Hurricane Sally access to critical FEMA programs, including housing assistance, crisis counseling, disaster unemployment assistance, Small Business Administration...Continue Reading
As our Pensacola business community begins to assess the flooding-related damage from Hurricane Sally, the demand for available resources capable of providing capital, advice and disaster relief services has become a hot topic of discussion—and a source of some confusion and frustration. On the federal level, Florida Governor Ron DeSantis sent a letter to President...Continue Reading
All too often we hear of damage caused by floods, fires, and other natural disasters. Special tax law provisions may help taxpayers and businesses recover financially from the impact of a disaster, especially when the federal government declares their location to be a major disaster area. In general, taxpayers who suffer an economic loss due...Continue Reading
The U.S. Treasury and Internal Revenue Service released additional guidance on August 28, 2020, related to the Executive Order authorizing the deferral of employees’ portion of the payroll tax. The deadline for employers to begin withholding the 6.2% employee portion of payroll tax was September 1, 2020. However, Treasury Secretary Steven Mnuchin has said he...Continue Reading
PENSACOLA, FLA. September 2020 — More than 30 years ago, Jeanette Geri joined Donna Bloomer on an adventure to start a new kind of CPA firm, Bloomer & Geri. She was rewarded for her dedication to the Pensacola firm by becoming one of the industry’s first non-CPA partners. On September 1, Geri will enter a...Continue Reading
Every business owner planning to sell their company aims to get the highest value at the time of the sale. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) is a tool that can help do just that. However, as with any financial adjustment, you need to proceed with caution and do it correctly to...Continue Reading
The Deltek | Clarity Government Contracting Industry Study for 2020 was recently released. This study addresses the trends and conditions transforming the government contracting market. This is the 11th annual study from Deltek and it continues to prove insightful for government defense contractors. According to Deltek, “The results of the 11th Annual Study remain positive,...Continue Reading
Anglin Reichmann Armstrong is pleased to announce that Ryan Campbell, CPA, CGMA, CVA will join its Pensacola office as Partner in Charge, July 15, 2020. Partner Donna Bloomer will transition her time into client relationships and managing the firm’s Estate and Trust taxation and planning practice. As Partner in Charge, Ryan will lead management responsibilities...Continue Reading
New Paycheck Protection Program (PPP) guidance was released last week by means of a 34-page interim final rule (IFR) issued in consultation with Treasury, in which the U.S. Small Business Administration (SBA) addresses a number of issues related to the PPP program. Most notably, the new guidance states that PPP recipients can apply for loan forgiveness before the...Continue Reading
Could you use some additional cash flow in your business? We thought so. Recent global events have certainly incentivized many tax decision-makers to prioritize tax planning that can increase cash and enhance overall business liquidity. This could mean a renewed focus on research and development credits (R&D credits). Specifically, more companies may be eligible to...Continue Reading
