Important Dates to Keep In Mind November 11/16/20 - Due date for extended Return of Organization Exempt form (990)
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With the second round of Paycheck Protection Program (PPP2) loans moving toward the end of their covered periods, the Small Business Administration recently announced a new portal that will allow borrowers with loans of $150,000 or less to potentially apply for forgiveness directly rather than applying through their bank’s portal….
You may be speaking with your CPA and financial professional regularly, but are they talking to each other? And more importantly, part of the same team? Here are a few reasons why your CPA and financial professional should be on the same team, providing you a comprehensive view of your…
Like the rest of the world in 2020, the Internal Revenue Service (“IRS”) was also forced to run at a restricted capacity due to the Coronavirus pandemic. This has a caused a strain on its ability to process tax returns and has created a backlog. A report released by the…
As disappointing news continues this summer regarding Covid-19 cases, the impact is still felt by small businesses by way of ongoing business interruptions, supply chain delays and staffing issues. A bit of good news does exist: Small businesses (those with fewer than 500 employees) should be aware that President Biden’s…
The R&D tax credit is accessible to more small businesses, and it can be a valuable way to manage expenses for innovative research. However, US Tax Court cases in recent years have revealed some weaknesses in corporate due diligence to support eligibility for the credit. Companies should not be afraid…
By Meg Hampton, CPA, MAcc With life beginning to return to some semblance of normalcy, small businesses and organizations that received stimulus money through 2020 and early 2021 are entering an important phase for recording and reporting on these federal and state funds. Recording complexities for stimulus payments—whether in the…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Recent News
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Anglin Announces Firm-Wide Promotions
Aug 29, 2021 -
SBA Portal and PPP2 Loan Forgiveness Update
Aug 20, 2021 -
Why Your CPA and Financial Professional Should Be On the Same Team
Aug 18, 2021 -
IRS Tax Return Processing Delays
Aug 10, 2021 -
As Covid-19 Cases Spike, Small Businesses Still Have Access to FFCRA Tax Credits
Aug 04, 2021
