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So far CRI has created 497 blog entries.

4 Debt Management Magic Tricks for Financial Success

Debt is a reality for many Americans. Consider the following statistics from consumer information provider ValuePenguin: The average amount of credit card debt in America is $5,700. More than one-third of all American households have credit card debt. The total outstanding U.S. consumer debt is $3.9 trillion. Many individuals find themselves underestimating or ignoring their [...]

December 2nd, 2017|INDIVIDUAL PLANNING, INDIVIDUAL TAX, JUNE 2017|

International Tax Disclosures: Where is the FBAR Set?

Additional Content in the International Tax Disclosures Series International Tax Disclosures: Back To The Basics International Tax Disclosures: Understanding the International Tax Language International Tax Disclosures: Why FATCA Isn't Just for Jet-Setters In today’s increasingly globalized economy, many people are surprised to find that they have a [...]

November 26th, 2017|INTERNATIONAL TAX|

Will Your Cost Segregation Methodology Hold Water With the IRS?

Many business owners already know that cost segregation is a strategic tax analysis that reclassifies property costs to shorter depreciable periods, potentially yielding substantial tax benefits. They may also know that those depreciation adjustments could open them up to IRS scrutiny and, in turn, lead to a torrent of back taxes and penalties. What they [...]

November 26th, 2017|TAX SPECIALTY SERVICES|

International Tax Disclosures: Why FATCA Isn’t Just for Jet-Setters

Additional Content in the International Tax Disclosures Series International Tax Disclosures: Back to The Basics International Tax Disclosures: Understanding the International Tax Language International Tax Disclosures: Where is the FBAR Set? In the first article in our international tax series, we discussed how the Panama Papers have reignited [...]

November 21st, 2017|INTERNATIONAL TAX|

How IT Can Lay the Foundation for Transitioning to the New Revenue Recognition Standard

The way a company earns revenue is foundational to its financial success. Therefore, the new accounting guidance for recognizing revenue from contracts with customers is expected to affect all areas of operations and bring sweeping changes to enterprise-wide systems and processes. As the effective date for the new revenue recognition standard draws near, companies should [...]

November 19th, 2017|REVENUE RECOGNITION|

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.

November 19th, 2017|BUSINESS TAX, VIDEO|

5 Savvy Black Friday Shopping Tips to Put In Your Bag

Last year’s Black Friday weekend estimated that more than 154 million shoppers spent an average of $290 each — both online and in stores, according to the National Retail Federation. Online sales hit a record high. If you plan to participate during this year’s biggest holiday shopping weekend, then review these five savvy Black Friday shopping [...]

October 25th, 2017|INDIVIDUAL PLANNING, NOVEMBER 2017|

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 [...]

Risk-Focused Insurance Examinations: 10 Years Old But They Feel Brand New

More than a decade has passed since the National Association of Insurance Commissioners (NAIC) introduced us to the risk-focused examination process. Although this process has been in place for some time, insurance regulators and examiners must remain cognizant of emerging requirements and issues, as they have been plentiful and ever-changing in this area. By paying attention to updates, examiners can properly identify, [...]

August 1st, 2017|INSURANCE|

Why Fair Value is Becoming a Popular “Celebrity” in the Accounting Profession

Entertainment magazine fans probably see the same popular celebrities in issue after issue. Similarly, those who stay up-to-date on current accounting issues probably stumble upon a new article about the fair value standard almost every week. The reason for this increased focus is relevance. The question constantly posed by accounting practitioners, academics, and users of financial [...]

July 26th, 2017|AUDITS, REVIEWS & COMPILATIONS, AUGUST 2017|

Why the Solar Tax Credits Could Brighten Your Day

The sun is arguably the most important star in the solar system. Among other functions, it provides light and warmth, helps plants survive, and is an abundant source of Vitamin D. While the sun’s biological benefits are readily apparent, what may be less obvious is how the sun’s presence could impact tax refunds. Thanks to [...]

July 25th, 2017|AUGUST 2017, TAX SPECIALTY SERVICES|

Celebrating Your Independence by Working Abroad? Remember to Claim the Foreign Earned Income Exclusion

Independence. It has different meanings for different people. For some, it means the ability to live and work anywhere in the world. Taxpayers who have the opportunity to work or travel abroad this year may be so excited about their upcoming travels that income taxes are their last concern. But planning ahead can allow these [...]

June 22nd, 2017|INTERNATIONAL TAX, JULY 2017|

How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: Non-GAAP Measures & Requirements

Additional Articles in Series How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: SEC Filings & Staff Concerns In this second article of the series, we will review the SEC rules regarding non-GAAP measures and discuss considerations that management should make when determining whether to include them. The Pillars [...]

June 19th, 2017|PCAOB AUDITS & SEC COMPLIANCE|

Shipwrecks and Pirates: An Origin Story About Captives

What comes to mind when someone talks to you about forming a captive? If your mind immediately goes to protecting yourself from marauding pirates, then - believe it or not - you’re on the right track! What we’re really talking about is captive insurance companies, and they are believed to have originated with ship owners [...]

June 19th, 2017|CAPTIVE INSURANCE|

Getting Off of the Hook for IRS Misclassifying Worker Claims Just Got Easier…

To defend against tax liability, employers may be allowed to access the individual tax returns of its independent contractors whom the IRS have reclassified as “employees”. Those returns could reveal that the employees had already paid income tax on their earnings, thereby reducing the employer’s liability for withholding taxes. This access is all thanks to [...]

June 16th, 2017|JULY 2017, TAX CONTROVERSY|

The Audit Report: Understanding Your Financial “Taste Test” Results

Start-up and small business owners facing a first-time financial audit might feel like contestants on an episode of the cooking competition show Top Chef, sweating bullets as they await the judges’ decision regarding their culinary efforts. Understanding what goes into an auditor’s report can go a long way toward alleviating that stress. An independent auditor’s [...]

Tax Planning Reasons to Potentially Run Toward Establishing a Private Foundation

Have you ever started training for a race (maybe a 5K, 10K or half marathon) but not yet known exactly which date and location it would be? A private foundation offers some potentially similar benefits in many ways. Basically, a private foundation is an excellent vehicle for a family to get an immediate tax deduction [...]

May 26th, 2017|NOT-FOR-PROFITS|

6 Considerations Before Diving Into Starting a Charitable Organization

Forming a not-for-profit organization is typically a wonderful idea based on a worthy charitable purpose, but it’s also subject to a litany of administrative work and documentation requirements. In order to ease that burden, consider these six items before taking the plunge. Draft a mission statement. This critical first step determines the organization’s purpose. Know [...]

May 26th, 2017|NOT-FOR-PROFITS|

Solving the Revenue Recognition Maze: Step 2, Identifying Performance Obligations

Additional Articles in the Solving Revenue Recognition Maze Series Solving the Revenue Recognition Maze: Step 1, Identifying Contracts Solving the Revenue Recognition Maze: Step 3, Determining Transaction Price Solving the Revenue Recognition Maze: Step 4, Allocating the Transaction Price Solving the Revenue Recognition Maze: Step 5, [...]

May 24th, 2017|JUNE 2017, REVENUE RECOGNITION|

Sail Smoothly Through Those Saving or Shredding Decisions

With that sigh of relief that the April 18 deadline to file your tax return—or request an extension—may also come the desire to purge some prior year documents such as receipts, canceled checks, and bank and brokerage statements. Follow these general retention tips for individuals and businesses as you head toward the blue skies of [...]

May 5th, 2017|BUSINESS TAX, INDIVIDUAL TAX, May 2017|