When interest rates increase, when is the best time to finance a building renovation, expand operations or generally increase your capitalization for business health? If you’re thinking about financing for any of these reasons or others, what is the best approach? The truth? It depends. Whether you’re in government contracting, healthcare, technology or manufacturing, your...Continue Reading
The Internal Revenue Service announced they are looking to hire over 4,000 contact representative positions in 22 cities in the U.S. and in Puerto Rico. So far through the month of June, the IRS has held virtual and in-person hiring events where they have given job offers to qualified candidates. “The IRS continues to increase...Continue Reading
“This announcement is more than 30 years in the making.” – current managing partner Gary Anglin, CPA, CGMA HUNTSVILLE, AL, June 28, 2022 — Anglin Reichmann Armstrong announced the appointment of Brandon C. Smith, CPA to Managing Partner, effective July 1, 2022. Current Managing Partner Gary Anglin, CPA, CGMA, transitions to chair of the firm’s...Continue Reading
We know and have felt by now the effects of supply chain issues due to the pandemic. If you are in real estate, construction or manufacturing you may have seen an immediate difference between your 2019 revenue vs 2020 and 2021 revenues. How do you project costs and create budgets for 2023 based on the...Continue Reading
We are approaching the time of year when many companies undergo an annual audit of their 401(k) plan. Even if an audit is not required of your company’s 401(k) plan, this is a great time to review the plan and ensure your fiduciary responsibility is being met and the plan is functioning as designed. Benefit...Continue Reading
By Christopher D. Cook, CPA | August 20, 2021 The R&D Tax Credit offers a significant tax incentive for companies in a broad spectrum of technology-based industries. The credit has been part of the Internal Revenue Service tax code since 1981 and is responsible for billions of dollars in tax savings each year. It has...Continue Reading
Do you have the clause FAR 52.216-7 “Allowable Cost and Payment” in any of your contracts? If you do, you likely have a requirement to prepare an Incurred Cost Submission for your company and submit it to your local DCAA office 6 months after your fiscal year-end. Typically, this FAR clause is incorporated in cost...Continue Reading
This article was written by Meg Hampton and originally published by Accounting Today. We have heard that many of the tasks and duties that today’s college students will perform by 2030 have not been invented yet. The evolution of technology and AI is already changing how public accountants perform their work, and it stands to reason...Continue Reading
By Michelle Jenkins, CPA If you remember the TV show, “The Office,” they had an accounting and payroll team. It included Angela, Oscar and Kevin. When accountant “Angela” went on maternity leave, that department was essentially short staffed. Short staffing is a burden for owners, leaders and existing staff when it is temporary. What if...Continue Reading
The IRS is explicitly providing the opportunity for non-compliant taxpayers who hold (or previously held) cryptocurrencies and failed to report them to the IRS to voluntarily come forward and avoid potential criminal prosecution. For practitioners in the business of assisting taxpayers with tax compliance, it’s déjà vu all over again. Previously, to ensure taxpayers fall...Continue Reading
