What Business Owners Need to Know: A recent federal court order has temporarily suspended the requirement for reporting companies to file Beneficial Ownership Information (BOI) with the Financial Crimes Enforcement Network (FinCEN). While this order remains in effect, companies are not subject to liability for failing to file these reports. However, businesses may still choose...Continue Reading
What you need to know: A Court of Appeals ruling on December 23, 2024, has reinstated the requirement for most reporting companies to file their BOI reports with FinCEN. The Department of the Treasury has extended certain deadlines to assist reporting companies in meeting these requirements. Below are the revised filing deadlines: For entities created...Continue Reading
The Internal Revenue Service (IRS) has announced an adjustment to the optional standard mileage rates for 2025. Effective January 1, 2025, the rates for using a car, van, pickup, or panel truck are as follows: Business Use: 70 cents per mile (an increase of 3 cents from 2024) Medical Purposes: 21 cents per mile (unchanged from 2024)...Continue Reading
Winter Haven, FL – November 1, 2024 – Anglin Reichmann Armstrong is excited to announce the addition of Wade Owen, CPA, as Manager in our Winter Haven, Florida office. With nearly 30 years of experience in the public accounting industry and over a decade of leadership and management expertise, Wade brings a wealth of knowledge...Continue Reading
Evolve 2024 Construction Summit Overview The Evolve 2024 Construction Summit by Anglin Reichmann Armstrong had a strong showing of attendees in Huntsville, September 12, 2024. Approximately 70 construction leaders and professionals joined the Anglin team and our event sponsors for a full day of education and networking. We convened at the Huntsville Space & Rocket...Continue Reading
HUNTSVILLE, ALA., SEPTEMBER 16, 2024 — Anglin Reichmann Armstrong is pleased to announce that Jessica Cassiday has been promoted to Department Head of the Client Accounting & Advisory Services (CAAS) department, effective September 16, 2024. Jessica joined the firm in 2015 starting her journey as a Senior in the Audit and Assurance department. In 2018,...Continue Reading
What you need to know! The Corporate Transparency Act requires the disclosure of Beneficial Ownership Information (BOI) for all entities registered with a Secretary of State. The BOI filing is due January 1, 2025, for companies in existence before January 1, 2024, and due 90 days after formation for companies started after December 31, 2023....Continue Reading
Effective January 1, 2024, the overtime pay exemption applies to various categories of employees, encompassing full-time hourly workers, both residents and non-residents and part-time or seasonal employees, even if their overtime pay is sporadic. The exemption is contingent on a standard 40-hour work week, regardless of daily working hours. Employers subject to Alabama tax withholding...Continue Reading
What if changing to a CPA advisory firm focused on proactive tax planning could save you thousands of dollars in taxes and help you make better financial decisions? Most accountants do a fine job of filing tax returns, getting the right numbers in the right boxes on the right forms. But then they call it...Continue Reading
Published by the Alabama Society of CPAs Written by Adam Fekula July 1, 2023 As I reflect on the past several years, I feel blessed to be where I am today. I have the privilege of learning and growing alongside a world class team of professionals as a Staff Accountant for Anglin Reichmann Armstrong, PC...Continue Reading
