New Company Focuses on Offering Customized Retirement Plan Administration for Small Businesses to Large Enterprises ENTERPRISE, Ala., July 1, 2019 - Carr, Riggs & Ingram (CRI) recently added CRI TPA Services, LLC to their family of companies, a new portfolio company that will offer clients tailored retirement plan solutions for their expanding business needs. CRI TPA Services, [...]
When the new lease accounting standard was released a few years ago, business leaders braced themselves to see their financial statements change. Such a drastic shift in accounting precedent required them to overhaul their policies and procedures surrounding leases. But savvy business leaders are also asking: “How will the standard affect our tax situation?” It [...]
The U.S. Department of the Treasury and the Internal Revenue Service have published finalized statutes calling for taxpayers to lower their charitable contribution deductions by the amount earned or expected to earn in return for in-state or local tax credits. The IRS also stated that taxpayers could recognize payments in exchange for these credits as [...]
With a direct focus on the IRS, the U.S. Senate has passed an extensive reform package aimed at further protecting taxpayers. Alongside new provisions adopted to improve customer service provided by the IRS, the Taxpayer First Act contains several new taxpayer protections. Improved Identity Theft Defenses Tax-related identity theft was a top contender for new [...]
Audit committees play a vital role in overseeing the integrity of financial reporting. But in today’s shifting risk landscape, is your audit committee paying attention to the right things? Most audit committees are effective at executing their core responsibilities, such as selecting and overseeing the independent auditor. Optimizing your audit committee, rather than falling prey [...]
Carr, Riggs & Ingram (CRI) is delighted to host the Atlanta Chapter of the American Payroll Association’s 2019 Summer CPP/FCP Study Group, a ten week program promoting and supporting the professional education, and training of payroll, accounting and human resource professionals in the Atlanta area. “We are delighted to welcome and host our Atlanta payroll and [...]
The current expected credit losses (CECL) journey began with the issuance of an exposure draft in 2010, continued with the issuance of a supplementary document in 2011, and an additional exposure draft in 2012. After much debate and over 3,300 comment letters, the Financial Accounting Standards Board (FASB) released the much-anticipated Accounting Standards Update (ASU) [...]
It’s been almost a year now since the Supreme Court’s South Dakota v. Wayfair decision affirmed the state’s law regarding the taxation of out-of-state sellers. There’s been a lot written in that time about how retailers need to better track sales and compliance with similar laws in an increasing number of states throughout the U.S. [...]
U.S. tax laws have long offered incentives to people who own the homes they live in. Among the most generous of these incentives is the ability to reduce the taxable gain on the sale of a personal residence. Here’s what most sellers need to know to meet the requirements of the law. Are You Eligible [...]
New York, NY, May 15, 2019 - Carr, Riggs & Ingram Capital Advisors, LLC is pleased to announce that AUA Private Equity Partners, LLC ("AUA Private Equity" or "AUA") completed its second investment for the GCH platform, partnering with the founders and senior management of Kabobs Holdings, LLC ("Kabobs"). Kabobs is a leading manufacturer of hors [...]
DALLAS, TX – (MAY 10, 2019) – Carr, Riggs & Ingram (CRI) recently celebrated the completion of the renovation of their Dallas, Texas office. To better serve their staff, as well as their clients, the new environment utilizes the latest technology to streamline collaboration and ensure seamless integration with current practices. The newly renovated 22,500 [...]
In February of 2013, Executive Order 13636, “Improving Critical Infrastructure Cybersecurity,” was introduced as a means of sharing cybersecurity threat information. The goal was to build a framework around standardized security for the United States to reduce potential risks to critical infrastructure. One year later, the National Institute of Standards and Technology released version 1.0 [...]
Business leaders spend most of their time and energy assessing risks and weighing them against possible rewards. Unfortunately, many leaders overlook one of the most common challenges facing businesses today — the risk of occupational fraud. To build a successful business that stands above its competition, you need a solid foundation of controls to deter [...]
SHALIMAR, Fla., April 30, 2019 - Carr, Riggs & Ingram Capital Advisors, LLC is pleased to announce that KOMAN Government Solutions, LLC (KGS), a wholly-owned 8(a) subsidiary of the Natives of Kodiak, an Alaska Native Corporation, recently completed an acquisition of Trinity Analysis & Development Corp. (TRINITY). TRINITY will continue to provide continuity and support [...]
New Software Company Focuses on Predictive Analytics to Help Forecast Industry Trends and Maximize Revenue ENTERPRISE, Ala., April 1, 2019 - Carr, Riggs & Ingram (CRI) recently launched CRI Advanced Analytics, a new software company focused on providing clients with actionable data to help them prepare for future trends in their industry. CRI Advanced Analytics provides innovative [...]
ENTERPRISE, Ala., March 21, 2019 - Carr, Riggs & Ingram (CRI) has announced a complimentary webinar titled “Financial Institutions: Anti-Money Laundering (AML) & Bank Secrecy Act (BSA) Annual Update” that will feature CRI Partner Doug Mims. This webinar will be presented on April 10, 2019, at 10:00 CDT. This 60-minute live webinar will focus on providing [...]
NASHVILLE, Tenn., March 4, 2019 - CRI Solutions Group, LLC invites visitors to explore their newly launched website. The site offers user-friendly navigation and enhanced functionality while giving customers the ability to view recent client case studies. “Joining the CRI family positions us to expand our footprint across new markets and customer bases. It enables us [...]
Brick-and-mortar stores remain a vital component of multichannel sales strategies, despite the steady march of e-commerce. And for many retailers, leasing that real estate (rather than buying it outright) has been the most economically expedient option. In 2021, nonpublic companies that report according to U.S. Generally Accepted Accounting Principles (GAAP) will be required to recognize [...]
Business owners often have a majority of their personal net worth tied up in the business. However, many owners are unsure how much their greatest asset is really worth, putting them at a disadvantage in making decisions that range from estate planning to deciding when to sell the business. A common misconception about business valuations [...]
It is common for organizations to use a calendar year, as opposed to a fiscal year, as the tax year calendar for their company. The choice is made easy but its intuitiveness and tends to line up with personal returns—this makes things simple and easy. However, many businesses have dominating operating seasons that don’t always [...]
