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
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
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
HUNTSVILLE, ALA., February 2022 — Anglin Reichmann Armstrong, P.C. is pleased to announce that David Bier, MBA, is promoted to Partner of the firm, effective January 1, 2022. David joined Anglin as Firm Administrator after a successful career in the theatre exhibition industry. Most recently, he has served as Chief Operating Officer, a role he...Continue Reading
Enterprises of all sizes across the US have embraced the benefits of advanced cloud-based automation, big data and real-time reporting to advance nearly every aspect of their business. Meanwhile, we in the accounting profession have carefully—albeit slowly—adopted new analytical tools to improve auditing processes and outcomes for these same businesses and organizations. Changes in audit...Continue Reading
WASHINGTON — The Internal Revenue Service today reminded retirement plan participants and individual retirement account owners that payments, called required minimum distributions, must usually be taken by Dec. 31. Required minimum distributions (RMDs) generally are minimum amounts that retirement plan account owners must withdraw annually starting with the year they reach 72 or, if later,...Continue Reading
What a year it’s been! So far, we have had to cope with a global pandemic, extreme political division, and a series of natural disasters—just to mention a few noteworthy occurrences. These events have complicated tax planning for individuals and small business owners. What’s more, new legislation enacted the last couple of years has had,...Continue Reading
A new state mandate became effective on October 1, 2021, impacting businesses of all sizes in Florida. Under the new requirement, Florida businesses (and businesses with Florida-based employees) are required to report certain details regarding all new hires (and re-hires) as well as any new independent contractors hired to the Florida Child Support Program. The...Continue Reading
Anglin Reichmann Armstrong has earned the badge of best accountant in the Pensacola area for 2021, as chosen by consumers participating in the Community Choice Awards “Best of the Bay–Pensacola” award. The award is sponsored locally by the Pensacola News Journal. The Official Community Choice Awards is a national one-of-a-kind contest where local residents choose...Continue Reading
