Important Dates to Keep In Mind November 11/16/20 - Due date for extended Return of Organization Exempt form (990)
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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…
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. …
We are proud to announce that Jason Miller is speaking at the upcoming Accounting Today Webinar on Thursday, March 25th at 1pm Central. 3 Tips to a Better Peer Review The AICPA is holding Peer Reviewers more accountable, likely leading to more findings then many firms are accustomed to. Their…
The Biden Administration Tax Plan Road Map seeks to roll back some of the laws under the Trump Administration while expanding or waiting on others. Here is a summary of key features in the plan impacting individual or corporate taxes. U.S. Individual Taxes Biden’s plan seeks to increase the top…
HUNTSVILLE, ALA., FEBRUARY 2021 — Anglin Reichmann Armstrong is pleased to announce that Kami Minor has been promoted to Marketing and Communications Coordinator, effective February 1, 2021. Kami joined Anglin in May of 2019 as Solutions Administrator. As Marketing and Communications Coordinator, Kami will continue to create proposals on behalf of…
There are many reasons to proactively complete a business valuation. One of these times is during the illness or passing of an owner or shareholder. If this happens, your company is already working through a difficult situation and helping employees and clients process their grief or shock, so conducting a…
The Consolidated Appropriations Act (CAA), 2021 extends and expands the employee retention credit first created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The employee retention credit is designed to encourage businesses to keep workers on their payroll, supports small businesses and nonprofits experiencing economic downturn due to…
The Consolidated Appropriations Act (CAA), 2021 expands the Paycheck Protection Program (PPP) established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, that provides covered loans to assist small businesses with certain expenses incurred during the economic challenges due to the COVID-19 pandemic. The CAA, 2021 also clarifies the…
The Consolidated Appropriations Act, 2021 makes changes to two popular educational tax benefits. The above-the-line deduction for qualified tuition and related expenses is not extended and expires at the end of 2020. However, the modified adjusted gross income threshold for the lifetime learning credit is increased to allow more individuals…
The Consolidated Appropriations Act, 2021 extends the credit for coronavirus related paid sick and family leave, originally part of the Families First Coronavirus Response Act, through March 31, 2021. The Families First Coronavirus Response Act provides paid sick leave and expands family and medical leave for COVID-19 related reasons and creates…
