Evolve 2023 Attracts Record Attendees and Sponsors In its second year, the Evolve 2023 Growth Summit by Anglin Reichmann Armstrong has doubled in size, attracting government contracting and construction attendees as well as a record number of sponsors. Co-hosted by ABC of North Alabama and The Catalyst Center for Business Entrepreneurship, the event was held...Continue Reading
Your Incurred Cost Submission has been provided to DCAA and deemed adequate, now what? After determining the final indirect rates, the contractor must address their adjusting invoices. Adjusting invoices are a result of the difference between the final indirect rate burden calculated at the end of the year and the provisional (or target) indirect rate...Continue Reading
By: Brandon Smith, CPA In my last article, I talked about how being the managing partner of a public accounting and advisory firm wasn’t exactly my dream. I didn’t fit the old suit-and-tie model, but I did like fresh ideas, technology and people. It turns out that these interests are far more important than how...Continue Reading
By: Brandon Smith, CPA Managing Partner, Anglin Reichmann Armstrong, P.C. Today’s accounting world is not just accounting; it encompasses the whole aspect of running an effective business or a personal estate. The questions that we get at our CPA and advisory firm run the gamut. Clients want to know about operations management efficiency, what type...Continue Reading
By: Brandon Smith, CPA If you had a crystal ball back in 2002 and told me as a young database programmer that I would one day lead a top, mid-sized accounting firm, I would have been surprised. I didn’t know then how much the accounting industry would soon rely on analytics, key performance indicators and...Continue Reading
By: Christopher D. Cook, CPA The Inflation Reduction Act (IRA) allocated $45.6 billion to the IRS specifically for tax enforcement activities that would include hiring more enforcement agents, providing legal support and investing in “investigative technology.” That is an enforcement funding increase of 69% relative to prior projections, according to the Congressional Research Service. While...Continue Reading
December 2023 — Anglin Reichmann Armstrong, P.C. announces the promotions of managers Christopher D. Cook, CPA, and Dustin M. Schaefer, CPA, to Partner, effective January 1, 2023. Schaefer leads the tax advisory services department at Anglin, serving closely held businesses and high-net-worth individuals with industry focus on government contracting, real estate, manufacturing, and professional services....Continue Reading
Anglin Reichmann Armstrong developed ten serve-day groups across the Huntsville and Pensacola communities this December. The not-for-profit organizations that we served were: 305 8th Street, North Alabama Food Bank, Village of promise, Lincoln Village, Huntsville Drumline, Manna House, Greater Huntsville Humane Society Thrift Store, Kids to Love, First Stop Homeless, and the Pensacola Humane Society....Continue Reading
By Michelle Jenkins Labor shortages and the desires of employees for a more balanced life are opening the door, now more than ever, for fully remote work options. This can potentially lead to a team of multi-state workers. When working with remote or multi-state workers, government contractors may need to segment cost pool allocations differently...Continue Reading
Maximize Your Estate and Gift Exclusions Before 2025 In 2022 the Internal Revenue Service maintains a $12.06 million gift and estate exemption as part of the Tax Cuts and Jobs Act of 2017, meaning that you can leave up to $12.06 million to a spouse automatically after death without your spouse incurring a federal estate...Continue Reading
