August 2023 — To invest in the clients and communities of Central Florida, Anglin Reichmann Armstrong P.C. (Anglin) has merged in Adamson + Co, P.A., effective August 1, 2023. The combined firms will operate under the name Anglin Reichmann Armstrong and expand the firm’s presence in the U.S. Southeast region and nationally. This merger strengthens...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
Alabama passes a one-time, refundable income tax credit for qualified individual taxpayers. Effective June 1, 2023, Act 377 of 2023 (S86) provides qualified Alabama individual taxpayers with a one-time, refundable income tax credit. The credit amount is determined based on the taxpayer’s filing status for the 2021 tax year. Here are the specific amounts: Single,...Continue Reading
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
