When speaking to clients about ways to manage tax credits, we often have to answer this question: “Does the R&D Tax Credit apply to me?” It depends. And it really depends in the area of software development or engineering improvements. Companies can overlook thousands of dollars in unrealized credits at the federal and state level...Continue Reading
When you’re young, the possibilities are wide open to you. You may not be thinking about a family or leading a business. You are probably thinking about the job in front of you, how to pay your bills and how to spend your free time. I was in your place not long ago. When I...Continue Reading
Preparing the Incurred Cost Submission Do you have the clause FAR 52.216-7 “Allowable Cost and Payment” in any of your contracts? If you do, you have a requirement to prepare an Incurred Cost Submission for your company and submit to your local DCAA office 6 months after your fiscal year end. Typically, this FAR clause...Continue Reading
HUNTSVILLE, ALA. April 2021 — Anglin Reichmann Armstrong‘s peer review practice leader has been recognized by the Alabama Society of CPAs (ASCPA) and Business Alabama magazine as Top Talent: Alabama’s Best and Brightest CPAs. This recognition celebrates leading CPAs across the state. Jason Miller, CPA is one of the talented CPAs receiving this award. Jason...Continue Reading
The U.S. Small Business Administration (SBA) has announced that it will be opening the Shuttered Venue Operators Grant (SVOG) application portal on Thursday, April 8, 2021. The Shuttered Venue Operators Grant (SVOG) program provides economic relief for eligible venues affected by the COVID-19 pandemic. SVOG was established by the Economic Aid to Hard-Hit Small Businesses,...Continue Reading
The Restaurant Revitalization Fund (RRF) program is designed to provide $28.6 billion in economic relief for eligible restaurants and restaurant-related industries affected by the COVID-19 pandemic. The RRF is part of the American Rescue Plan Act of 2021 and will be administered directly by the Small Business Administration. The RRF program can provide non-taxable grants...Continue Reading
Accounting Today has named Anglin Reichmann Armstrong as one of 15 CPA firms across the country recognized as a regional leader in their 2021 Top 100 listing. Anglin was recognized as regional leader of the Gulf Coast region and acknowledged for increasing revenue by 11% over the past year. Accounting Today conducts data analysis and...Continue Reading
Anglin Reichmann Armstrong is pleased to announce that Caroline Wasson, MBA and QuickBooks ProAdvisor®, has been promoted to supervisor, effective August 1, 2020. Caroline joined Anglin in August 2015 as a staff accountant and was promoted to senior accountant in 2017. Within the Solution Services Group, Caroline provides a variety of outsourced accounting services to...Continue Reading
On March 17, 2021 the Internal Revenue Service announced that the 2020 federal income tax filing due date for individuals will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days. What You Need to Know Until further notice, this is only relief...Continue Reading
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law. Congress had passed the massive piece of legislation on March 10, when the House approved the measure by a 220-211 vote. This followed passage in the Senate by a 50-49 vote on March 6. The Act was originally passed...Continue Reading
