Important Dates to Keep In Mind October 10/15/19 – Due date for extended individual income tax returns (1040), extended 5500s for 401(k) plans, Corporation tax returns (1120) and FBAR (114) 10/31/19 – Due date for Employer’s Quarterly federal tax return (941) November 11/15/19 – Due date for extended Return of…
Many business owners only consider the value of their company when they begin planning their exit strategy, but by then it may be too late to significantly impact value in a positive way. There are also many circumstances that could require an owner to sell or transition the business sooner…
Legal and Accounting Perspectives In an ever-growing competitive environment, companies are looking for aggressive advantages. Often proposal strategies will require working with other companies to combine past performance, expertise and customer relationships. There are many opportunities when working with another company such as teaming agreements, joint ventures, and subcontract arrangements. …
The US Financial Accounting Standards Board (FASB) new lease accounting standards has brought about many questions for companies that outsource production or logistics, including manufacturers and distributors. Here are some of the key considerations in evaluating supply arrangements to identify any contractual relationships. These relationships can impact bookkeeping and financial…
Winning the business while maintaining profitability is a fine art in pricing your goods or services. Knowing if your pricing is competitive isn’t always easy. This is an area of financial management that often isn’t reviewed enough to support good cash flow and competitive bidding. Here are some signs of…
Deltek recently released their Deltek Clarity Government Contracting Industry Study for 2019. This is the 10th annual study from Deltek and it continues to prove insightful for government defense contractors. The survey outlined that government contractors are seeing more growth opportunities in the prior year and forward looking. They also…
It’s hard to believe that about 18 months have passed since President Trump signed into law the Tax Cuts and Jobs Act (TCJA)—the largest major tax reform in over three decades. As the IRS continues to release guidance on the new law, we discover tax planning opportunities that could put…
The design of our rocket for the Rockets on Parade event at the U.S Space & Rocket Center was a collaboration of many people at the firm. We developed a Rocket Committee that consisted of 11 people from our firm to conceptualize a design. The committee considered a number of…
For businesses that serve government entities and departments, the National Institute of Standards of Technology (NIST) implemented sweeping changes to standards on data security compliance at the end of 2017. But very few companies are in compliance, and when the government enforces these standards it may be too late to…
We won an Association for Accounting Marketing – Marketing Achievement Award last night at the AICPA Engage conference! After working with Ingenuity Marketing Group on a successful new logo launch and visual rebrand, we worked together to develop an integrated public relations plan to support the merging in of Pensacola-based…
Gary Anglin, Managing Partner at Anglin Reichmann Armstrong, attended the AICPA G400 event in May. The AICPA separates the country’s 100 largest CPA firms into a separate group called the Large Firm Group. The G400 represents the next 400 largest firms in the United States. This second tier of CPA…
Many companies may not realize their full federal—or state—R&D tax credit eligibility due to factors such as outdated understanding of the tax law or lack of ongoing monitoring of qualifying activities throughout the tax year. With tax reform, it’s time to revisit this incentive for your company’s research and development…
There are a variety of adjustments that can impact financial bookkeeping and financial statement reporting. When these adjustments are not made on a monthly basis, it can be a nightmare at year-end, but more importantly the business does not have an accurate picture of revenue and liabilities. Without an accurate…
Government contractors that enter into cost reimbursement or time and materials (T&M) contracts may need to submit an incurred cost submission (ICS) to the Defense Contract Audit Agency (DCAA). Small businesses and subcontractors can clarify this process by working with an accounting firm experienced in government contracting financial reporting like…
AICPA Partners with CPA Firms on New Diversity Program for Students Anglin is pleased to be one of the five firms selected to participate in the PCPS George Willie Ethnically Diverse Scholarship and Internship program. It is an incredible opportunity for students and we look forward to having one of the…
Anglin Reichmann Armstrong, P.C. announces that Kelly P. Fox has been hired as a full-time manufacturing consultant. Fox brings 11 years of experience in controller and CFO-level services after in-house work with two manufacturers. Fox earned a degree in accounting from the University of Alabama in Huntsville, but had a…
Joint hosts, Unanet and Anglin, invite you to a half-day 2019 Huntsville GovCon Growth Summit, on March 5th, from 8:00 am – 1:00 pm at the beautiful Jackson Center in Research Park. The fee is $50 which includes breakfast and lunch. The day will kick off with a keynote presentation by…
Kandy Gardner, CPA, a Partner in our Solutions Services Group, will be teaching a class on February, 5, 2019 from 8:30 am – 4:30 pm on QuickBooks for Government Contractors at The University of Alabama in Huntsville. The class will teach how to utilize QuickBooks to be in compliance with…
We are pleased to announce the promotions of Luke C. Kinzer and Jason L. Miller to Partner, effective January 1, 2019. Kinzer, CPA, CFE, CGMA, MBA, joined Anglin as a first-year Associate in 2006 and Miller, CPA, joined as a first-year Associate in 2007. In 2018, Anglin was recognized by…
As 2018 draws to a close, there is still time to reduce your 2018 tax bill and plan ahead for 2019. Year-end planning this year follows the new laws created by the Tax Cuts and Jobs Act that made major changes to the rules for individuals and businesses. This letter…
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