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So far CRI has created 268 blog entries.

Don’t Be Late! ACA Compliance Reporting Deadline Extended

At the end of 2016, the IRS announced that the deadline for providing Forms 1095-B and 1095-C to employees would be extended from January 31, 2017 to March 2, 2017. Although the deadline to provide employees information has been extended, the deadlines for filing Form 1095 with the IRS have not changed for the 2017 filing [...]

December 14th, 2016|AFFORDABLE CARE ACT (ACA) COMPLIANCE, JANUARY 2017|

Roadmap to Avoiding the Top 5 Nonprofit Governance Mistakes

In a world of navigation systems and smart phones, getting from point A to point B is much easier with turn-by-turn directions, traffic alerts, and alternate route suggestions. Although it’s not a GPS, IRS Form 990 guides organizations through the criteria to maintain tax-exempt status. One of the key compliance areas is governance. The CRI team works closely with organizations [...]

October 10th, 2016|NOT-FOR-PROFITS|

View From The Top – Nonprofit Board Review of Form 990

While it is true that the annual Form 990 each nonprofit organization must file with the IRS is filled with numbers, it also contains much more. The Form 990 provides insight into the organization and how it functions and—unlike tax reports of other entities—is a document that must be made available to the general public. [...]

October 7th, 2016|NOT-FOR-PROFITS|

Navigating the Roadmap of Nonprofit State Solicitation Registration

According to the IRS, approximately 40 states have enacted statutes that require nonprofit state solicitation registration before residents can be solicited for contributions—with some exceptions that may be exempt such as schools, hospitals, and religious organizations. Requirements can vary from state to state, but all charitable organizations should be familiar with regulations in a state before [...]

October 6th, 2016|NOT-FOR-PROFITS|

Community Bank Fraud: Opportunities & Risk Assessments

When some people hear of bank robbers, they often think of Bonnie and Clyde, Jesse James, or Danny Ocean’s hand-picked team of thieves depicted in the Oceans 11 movie series. Today’s bank robbers do not necessarily ride off on horses into the sunset or garner the attention of a Hollywood movie. The fictionalized bank robber has [...]

April 25th, 2016|FINANCIAL INSTITUTIONS|

When Government Employee Uniforms Are a Tax-Free Benefit

The caped crusader is lucky. Under today’s fringe benefit standards, Batman’s uniform would be considered a tax-free benefit.  Unfortunately, local police and fire departments may not be so lucky. So when are government employee uniforms a tax-free benefit? Well, many police and fire departments have changed uniforms from stiff polyester button down shirts to more [...]

April 25th, 2016|GOVERNMENT|

5 Tips for Lessening Stress with Nonprofit Audit Preparation

Does the thought of your not-for-profit’s annual external audit make you as nervous as a long-tailed cat on a porch full of rocking chairs? If so, relax and take a deep breath. These five nonprofit audit preparation tips will help alleviate audit stress for both the nonprofit staff and the external auditors. 1. Be prepared with [...]

April 25th, 2016|NOT-FOR-PROFITS|

Community Bank Vendor Risk: Don’t Roll the Dice

While what happens in Vegas may sometimes stay in Vegas, when a community bank experiences customer data breaches that typically makes the news. So what steps should a financial institution take to ensure it meets the requirements of the Gramm-Leach-Bliley Act (GLBA)? From loan reviews to service organization controls (SOC) reports, community banks often choose [...]

April 15th, 2016|FINANCIAL INSTITUTIONS|

Unlocking the Application of ALLL for Community Banks

Previously, we provided an overview of the Allowance for Loan and Lease Losses (ALLL), and now let’s discuss how community banks should apply the guidance. A typical loan loss reserve methodology would provide for the timely identification of potentially impaired loans as defined under the Accounting Standards Codification (ASC) 310 Receivables, the Loan Impairment guidance.  [...]

April 10th, 2016|FINANCIAL INSTITUTIONS|

Manage Community Bank Risk and Survive

"Banks today need at least $1 billion in assets to stay independent." We’ve all heard this supposed truism—but is it accurate? Or can community banks survive in today’s highly regulated and complex environment? One truth is that the number of small banks has steadily declined in recent years. In 2013, the number of federally insured [...]

April 8th, 2016|FINANCIAL INSTITUTIONS|

3 Tips for Deciding If Filing a Business Lawsuit is Worth It

Are you considering filing a business lawsuit? If so, then your first call should be to your CPA instead of your lawyer. Why? Litigation is expensive and it's important to estimate damages to determine if a lawsuit is cost-effective. Watch Miles Harper discuss three ways your CPA can help you determine the value [...]

February 10th, 2016|FORENSICS, VIDEO|

Living on Cloud Nine with QuickBooks Online

“If you like your QuickBooks, then you can keep it.” When you heard similar words said about your health care insurance, they likely sounded convincing. But the unspoken truth was that your health insurance carriers were no longer going to offer the same plans as a result of the disruptions created by new laws and [...]

February 2nd, 2016|CLIENT ACCOUNTING SERVICES, DECEMBER 2015|

Whaling Cyberattacks: What You Need to Know

Cyberattacks are here to stay—partially because the financial result is lucrative for the criminal and partly because the bad guys can easily hide from law enforcement. It seems to have started with three common types (one of which that has morphed) and have taken off in the below order: phishing*, which includes blast emails designed [...]

February 2nd, 2016|CYBERSECURITY, FEBRUARY 2016|

Digging Into Retirement Plan Committee Set-ups

While having a retirement plan committee is not legally required for plan sponsors, it is considered a best practice. First, in the absence of a committee, the corporate sponsor itself becomes a fiduciary by default – which is clearly not a desirable result. Secondly, there are several benefits related to forming a committee. Read on [...]

February 2nd, 2016|EMPLOYEE BENEFIT PLANS, FEBRUARY 2016|

Getting Up-to-Speed with the Presidential Candidate Tax Plans

There are several frontrunners in the current race for the White House. Perhaps one of the most popular – and controversial – issues of every presidential election is taxes. Presidential candidates sometimes include political rhetoric and lofty promises to persuade voters with their tax proposals. These might include significantly reducing or eliminating the Tax Code, [...]

February 2nd, 2016|BUSINESS TAX, FEBRUARY 2016, INDIVIDUAL TAX|

Protecting Supplier Networks and Managing Inventory

Supplier relationships are one of the most vital components of manufacturing. Lack of raw materials can severely affect the manufacturing process and lead to delayed production schedules and ultimately cancelled orders. Watch as Kelly Bollinger and Elton Sims discuss the importance of building and maintaining strong supplier networks in the manufacturing sector while [...]

February 2nd, 2016|MANUFACTURING & DISTRIBUTION, VIDEO|

Creating Sunshine with Budgets and Forecasting

Much like the weather, budgets are often unpredictable. Forecasting helps businesses to weather the storm when the unexpected occurs. Watch Alyssa Hill and Sam Sims discuss budgets and the importance of forecasting during the budget year.

February 2nd, 2016|BUSINESS SUPPORT, VIDEO|

Business Valuation Discounts: How They Are Best Used

Business valuation discounts are applied during the valuation process to determine the actual value. Watch Scott Schumpert and Tracy Conerly discuss how lack of marketability and minority interest discounts can affect a businesses value.

February 2nd, 2016|VALUATIONS, VIDEO|

To Profit Or Not-To-Profit: Major Nonprofit Accounting Differences

More than 1.5 million nonprofit organizations are currently operating in the United States. While some of the accounting terminology is slightly different than in the for-profit sector, there are major nonprofit accounting differences in recording equity particularly when there are restrictions on assets. Watch as Jennifer Christensen and Brian Barksdale discuss major nonprofit [...]

February 2nd, 2016|NOT-FOR-PROFITS, VIDEO|

Navigating The Maze of Retirement Planning Options

According to the Federal Reserve’s latest Report on the Economic Well-Being of U.S. Households, 30% of non-retired respondents have no retirement savings or pension – including nearly 20% of those ages 54-64. Finding a plan that suits your individual needs is the key to planning for your retirement. Watch as Michelle Stinnett and [...]

February 2nd, 2016|INDIVIDUAL PLANNING, VIDEO|