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So far CRI has created 436 blog entries.

An AUP or an Audit: Which Way Should You Go?

The public accounting profession offers a number of services, making it difficult for many to understand which direction is best for a particular need. Two services that are often confused are audits and agreed-upon procedures (AUPs). An AUP engagement offers the client greater flexibility than what a traditional audit can provide. It is likely to [...]

Leasing or Buying: Which Provides Better Fertile Soil for Your Business?

Plants require fuel for growth, and a business is no different. Companies grow by synthesizing assets — people, equipment, and property — to deliver goods and services. It is typically easy to tell by looking at a plant if it is getting the right nutrition. An important gauge of a business’ health is the balance [...]

April 19th, 2017|LEASE ACCOUNTING|

Give Your Small Business a Jolt of Efficiency with Cloud-Based Accounting

Many people need a dose of caffeine – usually in the form of coffee – to be more energized and productive in the morning. Similarly, small businesses have tools at their disposal to help them be more productive. When it comes to small business efficiency, cloud-based applications have fostered tremendous improvements in processes that are [...]

April 19th, 2017|CLIENT ACCOUNTING SERVICES|

Should Your Business Include a “You” and “I”?

One of the toughest decisions facing a start-up or early-stage business is whether to go it alone or take on a partner (or partners). For someone who has spent years planning, preparing and longing for the day when he or she gets to be the boss, the idea of sharing that responsibility with others can [...]

April 19th, 2017|CLIENT ACCOUNTING SERVICES|

A Picture of the Changes to the IRS Determination Letter Program

The IRS’ determination letter program allowed sponsors of individually designed retirement plans to receive a routine determination letter, which is a periodic official regulatory compliance seal of approval that the IRS grants to benefit plans. While the recent decision to end this program has left many plan sponsors and their advocates uneasy, the IRS may [...]

March 16th, 2017|BENEFIT PLAN NEWS FLASH, EMPLOYEE BENEFIT PLANS|

“Yours, Mine, or Ours?” Part 1: Determining Community and Separate Property in a Divorce

It is often estimated that approximately half of all U.S. marriages end in divorce. While some may consider this statistic to be common knowledge, what is less well-known is how divorcing couples should go about dividing their assets and liabilities. Thus, “Yours, Mine, or Ours?” is a three-part saga that explores the story of Bob [...]

February 22nd, 2017|INDIVIDUAL TAX, MARCH 2017|

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

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 [...]

February 22nd, 2017|INDIVIDUAL TAX|

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

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 [...]

February 22nd, 2017|INDIVIDUAL TAX|

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

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 [...]

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

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 [...]

Small Business Compliance: Are You Sticking to the Law?

Regulations and red tape can sometimes rip the fun from running a business – regardless of the size of the entity. Just like a large corporation, small businesses risk fines, penalties, and negative tax implications if they do not stick to the necessary rules. So read on for our tips and tricks regarding four major [...]

February 18th, 2017|BUSINESS CONSULTING|

Taking a Bite Out of Payroll Taxes

Organizations often look for ways to reduce payroll taxes without cutting employees. It is possible to implement specific tax-saving strategies that trim tax burdens and boost the balance sheet. Payroll Taxes - Savings Strategies The payroll taxes that organizations pay on their employees’ wages include Social Security, Medicare, and federal unemployment taxes (as well as [...]

February 15th, 2017|CLIENT ACCOUNTING SERVICES, START-UP BUSINESS PLANNING|

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

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 [...]

February 9th, 2017|VIDEO|

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

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.

February 8th, 2017|BUSINESS TAX, VIDEO|

Devouring a Rich Opportunity for Roth IRA Rollovers

On any given evening, many people think about having dessert even before they have finished their dinner. Similarly, as highly compensated employee (HCE) 401(k) plan participants approach retirement, they may want to consider a potentially useful, tax-efficient IRA rollover technique. The IRS has specific rules about how participants can allocate accumulated 401(k) plan assets based [...]

January 19th, 2017|EMPLOYEE BENEFIT PLANS|

How to Be Flexible with Eligibility Rules to Control Plan Enrollment

Like yoga practitioners, plan sponsors have more flexibility than they may realize when it comes to setting eligibility rules for 401(k) plan participants. Even though the Employee Retirement Income Security Act (ERISA) sets many plan eligibility rules, plan sponsors have leeway to meet the demands of the employment market. Here are some thoughts for plan [...]

January 4th, 2017|EMPLOYEE BENEFIT PLANS|

The 21st Century Cures Act: Cultivating Standalone HRAs for Small Businesses

When President Obama signed the 21st Century Cures Act into law on December 13, 2016, most of the media coverage focused on the provisions related to medical innovation. But the law also includes some good news for small businesses that have been prohibited in recent years from providing their employees with Health Reimbursement Arrangements (HRAs). [...]

January 1st, 2017|AFFORDABLE CARE ACT (ACA) COMPLIANCE, JANUARY 2017|

Why a Tornado of Benefit Plan Options May Increase Litigation Risk

Giving plan participants a wide range of benefit plan options is positive — to a point. That idea underlies one of the multiple allegations in recent class action lawsuits filed against several prominent universities. The litigation offers a cautionary note for plan sponsors who offer a high number of investment options. While 401(k) plan sponsors [...]

December 21st, 2016|EMPLOYEE BENEFIT PLANS|

7 Tips for Business Luck in 2017

Help your business ring in the New Year with a strong financial and operational foundation.

December 20th, 2016|BUSINESS CONSULTING, JANUARY 2017|