Kendal Diehl

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So far Kendal Diehl has created 111 blog entries.

IRS Finalizes QBI Safe Harbor Rules for Rental Real Estate Enterprises

The IRS has released guidance outlining a safe harbor that allows certain rental real estate enterprises to be treated as a trade or business for purposes of the 20% qualified business income (QBI) deduction enacted under section 199A of the Internal Revenue Code. The safe harbor is available for taxpayers who attempt to claim the [...]

2019-10-31T16:30:33-04:00October 31st, 2019|BUSINESS TAX|

Carr, Riggs & Ingram Capital Advisors, LLC Assists Sullivan & Sons, Inc During Investment by PinHigh Capital Partners

MONTGOMERY, Ala., October 24, 2019 - Carr, Riggs & Ingram Capital Advisors, LLC (CRI Capital Advisors) is pleased to announce that PinHigh Capital Partners has completed a significant investment in Sullivan and Sons, Inc. Sullivan and Sons is a leading manufacturer and remanufacturer of high-quality control valves, as well as a distributor of instrumentation used [...]

2019-10-24T10:18:24-04:00October 24th, 2019|PRESS RELEASES|

Carr, Riggs & Ingram (CRI) Partner Byron Shinn is Appointed to the AICPA Tax Practice and Procedures Committee (TPPC)

BRADENTON, Fla., October 24, 2019 - Byron Shinn, the partner-in-charge of CRI’s Bradenton and Sarasota offices, has recently been appointed to the American Institute of Certified Public Accountants (AICPA) Tax Practice and Procedures Committee (TPPC) for the 2019-2020 volunteer service year. The TPPC monitors developments in and changes to IRS procedural and administrative guidance and [...]

2019-10-24T10:19:19-04:00October 24th, 2019|PRESS RELEASES|

How Does Industry Affect Fraud Risk?

Constant vigilance is the most critical control to prevent fraud risk. Employee fraud happens when a motivated individual who knows of a weakness decides that no one is paying attention. The minute that directors and employees let their guard down, someone who has been thinking about stealing will become much more likely to start doing [...]

2019-10-17T17:01:10-04:00October 14th, 2019|BUSINESS CONSULTING|

Cost-Effective Fraud Protection

Every year, businesses lose billions to fraud schemes perpetrated by employees who found ways to take advantage of inadequately protected systems. In many cases, these losses could have been limited or even prevented by following some very basic low-cost and even no-cost business practices for fraud prevention. Set an Ethical Tone More than anything else, [...]

2019-10-21T17:00:43-04:00October 14th, 2019|BUSINESS CONSULTING|

A Dynasty Trust Could Be The Right Move for You

Last year, the Tax Cuts and Jobs Act (TCJA) was signed into law and began to affect more than just individual income taxes. This is new law brought major changes to estate planning and in turn bolstered dynasty trusts and their potential value. Changes to Exemptions When you take a closer look at the TCJA, [...]

2019-09-30T16:44:36-04:00September 30th, 2019|INDIVIDUAL TAX|

Top 20 CPA and Advisory Firm Carr, Riggs & Ingram Welcomes Lam & Company

LUBBOCK, Texas, September 18, 2019 - After years of providing their clients with personalized and focused financial audit guidance, Lam & Company has merged with Top 20 CPA and advisory firm Carr, Riggs & Ingram, LLC (CRI). The Lam & Company team joins more than 1,900 CRI professionals currently serving clients across the Southeastern and [...]

2019-09-18T09:20:56-04:00September 18th, 2019|PRESS RELEASES|

How Can CFOs Improve Cybersecurity? Start with the Numbers

The CFO is an important ally in the fight to keep information and IT assets safe and secure. “Given the risks that cybersecurity threats pose in a technology-driven, global economy, today’s CFO must ensure that adequate steps are taken to protect the company’s reputation, stock price, and mission-critical assets,” said information security expert and former [...]

2019-09-05T10:39:29-04:00September 5th, 2019|BUSINESS CONSULTING, CYBERSECURITY|

Who’s Afraid of the Big Bad Capital One Breach?

Headlines about data breaches seem to hit us nonstop. The March 2019 hack of Capital One’s databases exposed the personal information of over 100 million people. Capital One says its stolen data probably wasn’t used by the hacker or disseminated to anyone else, but even if that’s true, data breaches are all too common. Equifax [...]

Should Your HITRUST CSF Assessor Be a CPA Firm?

In today’s hyperconnected environment, many different stakeholders expect assurance regarding your information security practices. Increasingly, major companies are expecting their business partners to achieve certification against the HITRUST Common Security Framework (CSF). This robust risk management framework builds on many established security and data privacy standards, such as the ISO 27000 series, HIPAA, PCI Data [...]

For Strong Data Security, Give Your Employees Some Backup

You may already know that the biggest data security risk for businesses of all sizes is employee negligence. People fall for simple phishing scams and leave their work phones unlocked, and we’ve all seen that file named “passwords.txt” right on someone’s desktop. Data security training is crucial, and it can go a long way toward [...]

The Impact of the New Data Security Law for Insurance Providers

As of May 1, 2019, Alabama became the latest state to sign into law heightened standards within the insurance industry for cybersecurity and data privacy. The new Law implements an exhaustive set of requirements for data security pertaining to entities or individuals licensed through the Department of Insurance. Both persons and institutions have one year—until [...]

What You Need to Know Before Engaging in a NIST CSF Assessment

The National Institute of Standards and Technology (NIST) has created a Cybersecurity Framework (CSF) that suggests procedures and controls that help enhance an organization’s cybersecurity posture. An independent NIST CSF assessment conducted by a CRI professional assesses an organization’s specific cybersecurity needs using five distinct functions, from what precautions need to be in place to [...]

2019-08-19T21:25:49-04:00August 19th, 2019|CYBERSECURITY, NIST|

Understanding the Benefits of Engaging in a NIST CSF Assessment

A cyber breach can have potentially devastating effects on a company. It can erode public trust, cause millions of dollars in losses, and even lead to fines and lawsuits. In order to help organizations improve cybersecurity, the National Institute of Standards and Technology (NIST) released its Cybersecurity Framework (CSF), which provides several guidelines related to [...]

2019-08-15T22:07:26-04:00August 15th, 2019|CYBERSECURITY, NIST|

IRS Opens a Small Window to Reconsider Bonus Depreciation Elections

The enactment of the Tax Cuts and Jobs Act (TCJA) in December of 2017 led to one of the more chaotic tax filing seasons in recent memory. The new law included several provisions that affected bonus depreciation treatment and calculations, and some taxpayers may have filed their returns without fully considering the different options that [...]

2019-08-07T14:12:48-04:00August 7th, 2019|INDIVIDUAL TAX, REVENUE RECOGNITION|

Centralized Partnership Audits Are Here

The IRS has changed how it will approach auditing partnerships by moving to a centralized partnership audit regime. The goal of the program is to allow the IRS to audit partnerships at the entity level and require the partnership entity to pay any amount due. The partnership can then elect to “push out” any resulting [...]

2019-07-25T12:45:44-04:00July 25th, 2019|AUDITS, REVIEWS & COMPILATIONS|

Plan Now to Avoid Underpaying Income Taxes

The Tax Cuts and Jobs Act changed the income tax calculation for most taxpayers. The law changed rates for taxes and tax brackets, revised business expense deductions, increased the standard deduction, removed personal exemptions, increased the child tax credit, and limited or discontinued other deductions. If You’re an Employee Who Gets a W-2 For most [...]

2019-07-25T10:27:03-04:00July 25th, 2019|INDIVIDUAL TAX|

Top 20 Nationally Ranked Carr, Riggs & Ingram (CRI) Expands Operations in Mississippi

CRI Merges Laurel Based Firm, Wm. F. Horne & Company, PLLC ENTERPRISE, Ala., July 24, 2019 - ​Top 20 nationally ranked CPA and advisory firm Carr, Riggs & Ingram, LLC (CRI) has increased its investment in the state of Mississippi, expanding its locations to serve clients there through the merger of WM. F. Horne & Company, [...]

2019-07-24T08:23:43-04:00July 24th, 2019|PRESS RELEASES|

Natural Disasters Can Affect Your Financial Statement, Too

Natural disasters can have financial implications for business owners over months, years, and even decades. Companies are expected to follow regulatory guidelines in all circumstances, including — and especially — in the aftermath of a natural disaster. Although the expectations are plainly written into the guidance, many companies are unfamiliar with the key points. Four [...]