Articles & Videos

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 [...]

3 Financial Tips for Agribusinesses to Weather Tough Economies


Like most companies, agribusinesses experience economic challenges. However, there are steps they can take to survive even the toughest financial forecasts. Watch as Amy Hightower provides tips to help agribusinesses maintain operations in difficult times – such as researching Tax Code provisions specifically designed to benefit the agribusiness industry.

Complying with GASB Statement No. 77: Tax Abatement Disclosures

February 22nd, 2017|GOVERNMENT|

The Government Accounting Standard Board’s Statement #77 (or “GASB 77”) requires government entities to disclose particular tax abatement agreement details that were previously unavailable. Therefore, some entities may need to update their systems to collect the necessary data. Watch as Julie Bennett discusses the information that entities must present in accordance with GASB [...]

Maximize Tax Refund Benefits For Your Small Business

February 22nd, 2017|BUSINESS TAX, VIDEO|

Receiving a tax refund can be exciting for many individuals. For small business owners, a refund can lead to new company investments, significant retirement plan contributions, or both. Watch as Heather Jourdan explains the options that small business owners have for making the best use of their tax refunds.

“Yours, Mine, or Ours?” Part 3: Four Income Tax Considerations of a Divorce

February 22nd, 2017|INDIVIDUAL TAX|

In our “Yours, Mine, or Ours?” series, we have explored the issues of separate property and marital assets as they relate to Bob and Helen, who are divorcing after more than three decades of marriage. In the final installment of our saga, Helen and her CPA, Ruth, meet to review four key income tax considerations [...]

“Yours, Mine, or Ours?” Part 2: Identifying and Valuing Marital Property

February 22nd, 2017|INDIVIDUAL TAX|

The first part of our “Yours, Mine, or Ours?” series introduced Bob and Helen, a divorcing couple living in Texas. In the first meeting with her attorney, Helen discovered that the couple owns assets in several categories, each of which will be treated differently in the divorce proceedings. This second part follows Helen as she [...]

How to Make Your Audit Committee Set-Up Process Squeaky Clean

February 22nd, 2017|GOVERNANCE & RISK ASSESSMENTS, MARCH 2017|

When it comes to governance, there are many misconceptions. Consider the myth-or-fact statements below. Fact. Governance practices – such as written policies, a trained and informed board of directors, and strong internal controls – are important for protecting the business and its owners. Myth. Although not a requirement for privately held companies, a knowledgeable and [...]

New and Improved Bonus Depreciation Provisions Now Available for a Limited Time Only

February 22nd, 2017|TAX SPECIALTY SERVICES|

Any fan of late-night infomercials knows that a key part of the marketing pitch is that final offer that pushes the perceived value of the package well past the asking price. Similarly, the extension of bonus depreciation is the literal “bonus” of the Protecting Americans from Tax Hikes (PATH) Act that can deliver impressive value [...]

Proctor, Crook, Crowder, & Fogal Joins Top 25 CPA and Advisory Firm Carr, Riggs & Ingram (CRI)

February 21st, 2017|NEWS, PRESS RELEASES|

WEST PALM BEACH, FL – Local CPA firm Proctor, Crook, Crowder, & Fogal is now part of top 25 CPA and advisory firm Carr, Riggs & Ingram, LLC (CRI). All locations now operate under the CRI name, and the personnel join a team of more than 1,600 professionals serving clients from locations across the Southern United [...]

Remodeling Your Fiduciary House Under the DOL’s New Rules


The majority of the DOL’s complex regulations mandating fiduciary status for individuals dealing with retirement investment decision-making involve investment advisors. However, the regulations, effective April 10, 2017, also require plan sponsors (who are always the fiduciary) to take certain steps. The rules also expand the definition of fiduciary status. A Fresh Coat of Primer on [...]

A Snapshot of the FASB’s New Goodwill Impairment Standard


With digital cameras, taking a photograph is typically a simple process with two steps: point and shoot. Another two-step process – according to a recently issued mandate from the Financial Accounting Standards Board (FASB) – is the goodwill impairment test. The FASB’s new goodwill impairment standard eliminates Step 2 of the test, thereby reducing the [...]

Unique Hospital Challenges with the New Revenue Recognition Standard


The new revenue recognition standard could drastically changes how healthcare entities (particularly hospitals) recognize revenue – specifically, when and how much to recognize. Watch as Bryan Hall provides an overview of these changes, as well as the data that hospitals should begin collecting now to implement the new mandate.

To Lease or Purchase Equipment…That is the Contractor Question

February 15th, 2017|CONSTRUCTION, VIDEO|

Contractors often have to choose whether to lease or purchase a piece of equipment. This decision is critical because it can significantly affect a contractor’s working capital (i.e., current assets less current liabilities), which is an important ratio for sureties. With the release of the new lease accounting standard, it is even more [...]

4 Stages of the Level Four® Advisory Services Approach

February 15th, 2017|LEVEL FOUR, VIDEO|

Level Four® Advisory Services – a portfolio company of Carr, Riggs & Ingram (CRI) Capital Group – has a unique method of helping clients organize their financial information and devise strategies for achieving their goals. Watch as Jake Tomes describes this procedure and explains how it fits within the company’s breadth of wealth [...]

5 Minutes On The New Lease Accounting Standard

February 15th, 2017|VIDEO|

The Financial Accounting Standard Boards’s (FASB’s) new lease accounting standard will substantially affect how businesses identify, classify, and measure leases. Therefore, companies may need to update their processes to record the newly required data. Watch as Bryan Hall, Alyssa Hill, and Bruce McFadden provide an overview of the mandate and explain how CRI [...]

Teamwork Makes the Dream Work in Client Accounting Services (CAS)


Business owners are often faced with a wide variety of choices – such as whether to offer employees bonuses or how much to budget for equipment purchases. Working closely with a trusted advisor can help entrepreneurs understand how such actions can impact their operations. Watch as Shannon West explains why collaboration is key [...]

Avoid Risk With Your Start-Up Business

February 15th, 2017|VIDEO|

Starting a company can often be the largest investment an individual makes. Because start-up business financing is often tied to personal wealth, it is important that new business owners work with a trusted advisor – ideally, a CPA – to reduce the risks associated with this venture. Watch as Rodney Thornton, Colleen Angerdina, [...]

How to Potentially Improve Your Quality Five-Star Rating System

February 15th, 2017|HEALTHCARE, VIDEO|

The Five-Star Quality Rating System is designed to help consumers choose the best long-term care facility for their loved ones. As the tool undergoes significant changes, nursing homes must stay up-to-date so that they understand how they will bne evaluated going forward. Watch as Matt Taylor discusses some of these changes – such [...]

James D.A. Holley & Co. Joins CRI

February 15th, 2017|NEWS, PRESS RELEASES|

TALLAHASSEE, FL – Local CPA firm James D.A. Holley & Co. has merged with top 25 CPA and advisory firm Carr, Riggs & Ingram, LLC (CRI). All James D.A. Holley & Co. personnel will now operate under the CRI name, and the team will also relocate to CRI’s new Tallahassee office on Centennial Boulevard in late [...]

The CRI Family: Serving You, Your Business, and Your Family

February 9th, 2017|VIDEO|

CRI is committed to tailoring our services to meet our clients’ evolving needs. Our specialty offerings address a wide range of areas – including IT audit and assurance, state and local taxes (SALT), and investment banking – to help clients navigate some of their most complex challenges. Watch as Bill Carr and the [...]

Tax Strategies for Structuring Your Business Sale: Capital Gains Versus Income Tax

February 8th, 2017|VIDEO|

Understanding the differences between capital tax rates and ordinary tax rates is important for business owners who want to maximize returns from selling their companies. Watch as Ann Marie Sale explains why capital tax rates are often advantageous and how sellers can structure a transaction to potentially optimize capital gains.