Among just 90 U.S. firms named to both lists, Anglin Reichmann Armstrong is starting the New Year right with a national Top Firm ranking through Forbes. In a U.S. survey vetted through a market research firm, Anglin joined 227 large and small firms as “the most recommended firms for tax and…
Anglin is proud to announce the promotion of Kathy Davis, CPA, to Manager of the Tax Advisory Services group in our Pensacola office. This is a well-deserved accomplishment. Kathy is a member of the Northwest Florida Estate Planning Council and currently in the Leadership Pensacola (LeaP) program with the Pensacola…
As part of an appropriations measure, Congress passed a flurry of new tax legislation at the end of 2019. These new rules may have an impact on 2019 tax returns to be filed in 2020. Notably, the “Taxpayer Certainty and Disaster Tax Relief Act of 2019” extends through 2020 several…
There are many different versions and uses for Form 1099, but all serve the same broad purpose — to provide information to the IRS about non-employment related income. It is the responsibility of the organization paying this income to send one copy to the taxpayer and one to the IRS….
Year-end tax planning in 2019 remains as complicated as ever. Notably, we are still coping with the massive changes included in the biggest tax law in decades—the Tax Cuts and Jobs Act (TCJA) of 2017— and pinpointing the optimal strategies. This monumental tax legislation includes a myriad of provisions affecting…
Anglin is excited to be one of 5 firms participating in the George Willie Scholarship and Internship program. We look forward to welcoming our intern, Camara Strong, in January. The American Institute of CPAs has announced the recipients of the inaugural George Willie Ethnically Diverse Student Scholarship and Internship Program….
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…
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