Kendal Diehl

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So far Kendal Diehl has created 114 blog entries.

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 [...]

Need Relief After a Disaster? No Quick Fixes, But You Have Options

Natural disasters are costly to just about every taxpayer, but individuals are often hit the hardest. Many are faced with the costs of repairing or replacing personal assets, and some even lose their jobs. When infrastructure fails, businesses close and temporarily (or permanently) lay off their workers, and individuals struggle to make ends meet. While [...]

2019-07-19T10:59:25-04:00July 16th, 2019|DISASTER RECOVERY, INDIVIDUAL PLANNING|

How Does an Investment in an Opportunity Zone Affect Your Taxes?

Investors and developers have many questions about the opportunity zone program created by the Tax Cuts and Jobs Act of 2017. The following example gives some specifics about how these investments will be structured. Client An investor or developer has a qualifying gain of $1 million from the sale of a capital asset. She chooses [...]

2019-08-27T09:30:14-04:00July 2nd, 2019|INDIVIDUAL TAX, OPPORTUNITY ZONES|

Carr, Riggs & Ingram, LLC (CRI) Launches CRI TPA Services, LLC

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, [...]

2019-07-11T15:10:12-04:00July 1st, 2019|PRESS RELEASES|

Lease Accounting Standard Reaches Far and Wide, but Will It Affect Your Tax Return?

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 [...]

2019-06-28T10:58:47-04:00June 28th, 2019|LEASE ACCOUNTING|

IRS Issues Finalized Regulations on Both State and Local Tax Credits as Well as Charitable Contributions

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 [...]

2019-06-26T10:50:08-04:00June 26th, 2019|INDIVIDUAL TAX|

Working to Strengthen Taxpayer Protections: IRS Under Reform from Congress

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 [...]

2019-06-24T11:22:48-04:00June 20th, 2019|INDIVIDUAL TAX|

Elevate Your Audit Committee: 5 Topics for 2019 Agendas

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 [...]

2019-06-20T12:13:55-04:00June 19th, 2019|AUDITS, REVIEWS & COMPILATIONS|

Carr, Riggs & Ingram (CRI) to Host Atlanta Chapter of the American Payroll Association’s 2019 Summer CPP/FCP Study Group

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 [...]

2019-06-12T17:28:19-04:00June 12th, 2019|PRESS RELEASES|

CECL: An Overview

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) [...]

2019-06-07T12:29:26-04:00June 6th, 2019|CECL, FINANCIAL INSTITUTIONS|

How South Dakota v. Wayfair Affects Manufacturing and Distribution Companies

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. [...]

How Can Home Sellers Exclude Capital Gains Tax?

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 [...]

2019-05-28T12:18:14-04:00May 28th, 2019|INDIVIDUAL TAX|

CRI Capital Advisors Assists in Establishment of Gourmet Culinary Holdings, LLC

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 [...]

2019-05-23T15:52:29-04:00May 15th, 2019|PRESS RELEASES|

Carr, Riggs & Ingram (CRI) Unveils Newly Renovated Office Space in Dallas, Texas

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 [...]

2019-05-13T08:59:11-04:00May 13th, 2019|PRESS RELEASES|

Are You Considering a NIST CSF Assessment for Your Organization?

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 [...]

2019-05-29T10:51:28-04:00May 6th, 2019|CYBERSECURITY, NIST|

5 Questions to Help Assess Your Business’s Fraud Risk

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 [...]

2019-05-08T11:46:06-04:00May 6th, 2019|FORENSICS|

CRI Capital Advisors Assists With Acquisition of Trinity Analysis and Development Corporation

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 [...]

2020-01-31T10:51:17-05:00April 30th, 2019|PRESS RELEASES|