lpearce

About Luke Pearce

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So far Luke Pearce has created 244 blog entries.

What Role Does Life Insurance Play in Estate Planning?

Estate planning is ever evolving. Many of the worries that plagued us in the past may not seem as important now, and new concerns may have cropped up that we could not have anticipated 10 or 20 years ago. But this doesn’t mean you should trash your existing estate plan; it simply means you should [...]

2021-06-17T12:47:21-05:00June 17th, 2021|INDIVIDUAL PLANNING, INSURANCE|

Disasters Never Rest, So Take Time Now to Protect Key Documents and Plan for Recovery

As the temperature gets warmer, we head into the seasons in which weather-related disasters can strike without warning and destroy businesses, homes, and critical personal documents and financial records. If you don’t have one already, now is the time to create an emergency preparedness plan. If you do have one, it’s a good time to [...]

CRI ATLANTA – Doug Mims: Association of Credit Union Internal Auditors Annual Conference

On June 23, 2021, CRI Partner Doug Mims will be presenting via virtual seminar at the Association of Credit Union Internal Auditors (ACUIA) Annual Conference. Doug's discussion will outline Elder Financial Abuse in the context of the Bank Secrecy Act/Anti-Money Laundering. He will cover the fundamentals of identifying elder financial abuse, current trends, and recent developments in combating [...]

2021-06-15T09:53:10-05:00June 15th, 2021|Around Town|

Taking a Fresh Look at Bankruptcy

Oh, the shame of bankruptcy. It’s a negative action that caps off a failure — or so we often think of it. But do we really need to treat bankruptcy as something awful? In the fiscal year ending June 30, 2020, U.S. courts saw 682,363 business and non-business bankruptcy cases. The factors that drive a [...]

CRI HUNTSVILLE – Mike Maxson: Simple Numbers Roundtable: How to Calculate and Optimize Your Marketing Spend

CRI Partner Mike Maxson recently presented alongside the Simple Numbers team on June 1 , 2021 via zoom presentation. In this discussion, listeners will gain an understanding on how to leverage their marketing spend to generate leads and optimize digital platforms for conversion.

2021-06-16T15:54:22-05:00June 2nd, 2021|Uncategorized|

Carr, Riggs & Ingram (CRI) Prepares to Host Webinar for Insurance Industry Professionals

ENTERPRISE, AL., June 1, 2021 - Carr, Riggs & Ingram (CRI) has announced a complimentary webinar entitled, "2021 Insurance Update: What's Next?" featuring CRI partners Steve Williams and Joe May. This webinar will take place on Wednesday, June 30, 2021, at 10:00 a.m. (CDT). This live session will provide an in-depth discussion of the current [...]

2021-06-01T10:01:01-05:00June 1st, 2021|PRESS RELEASES|

Advance Monthly Payments of Child Tax Credit Start July 15 

A summer perk is coming to millions of American families. Under the American Rescue Plan Act that passed in March of 2021, the Child Tax Credit (CTC) amount has increased. Additionally, the federal government will be prepaying a portion of this credit in 2021. The IRS has announced that the first direct monthly payments of [...]

2021-05-27T12:50:51-05:00May 27th, 2021|INDIVIDUAL TAX, TAX REFORM: INDIVIDUAL TAX|

The Basics of Spousal Lifetime Access Trusts

All types of individuals can benefit from building an estate plan. Not only can a well-crafted plan ensure your wealth gets transferred to your heirs in a tax-advantaged manner, it can help you plan for probate and can even help protect your assets while you’re still living. Trusts are tools commonly used in estate planning [...]

2021-05-20T14:42:57-05:00May 20th, 2021|INDIVIDUAL PLANNING|

Disaster Victims Get Automatic Extension of Time to File Taxes

Taxpayers affected by February winter storms may qualify for a June 15, 2021 tax return filing deadline. Did you know that if your home or business is in a federally declared disaster area, you may get extra time to file your taxes without having to request it? The IRS estimates that more than 16 million [...]

2021-05-20T13:54:43-05:00May 20th, 2021|DISASTER RECOVERY, INDIVIDUAL TAX|

What You Need to Know About the Restaurant Revitalization Fund

The COVID-19 pandemic has disrupted industries of all types, but perhaps none more so than the restaurant industry. From national chains to local diners, restaurants across the country have dealt with limitations on their operations that seem to be constantly changing. On top of these whiplash-inducing shifts, restaurants have also experienced significant losses in revenue. [...]

2021-05-12T13:44:54-05:00May 12th, 2021|BUSINESS SUPPORT, COVID-19, SMALL BUSINESS|

CRI Prepares to Host Free Webinar Focused on Internal Control Challenges and Opportunities for Governments

ENTERPRISE, AL, May 12, 2021 - CRI has announced a complimentary webinar entitled "Internal Controls: Governmental Challenges and Opportunities," featuring CRI Corporate Consulting Service Line Leader Jimmy Woodall, CRI Melbourne partner Rob Broline, and CRI IT Audit partner Tyler Mills. This live event will occur on Tuesday, June 8, 2021, at 10:00 a.m. (CDT). This [...]

2021-05-12T09:37:43-05:00May 12th, 2021|PRESS RELEASES|

When E-Commerce Sellers Would Benefit from Hiring an Accountant

In the last decade, online retailers have become more common, and the demand for brick-and-mortar retailers to accept online orders has skyrocketed. This means that almost all businesses are exploring the online marketplace. This trend toward online selling is an exciting opportunity, but it can also be confusing, which is why it’s important to hire [...]

CRI BIRMINGHAM – Chris Cain: Jack Henry & Associates Gulf State User Group Spring Conference

CRI Financial Institutions Partner Chris Cain will be presenting at the Jack Henry & Associates Gulf State User Group Spring Conference at Perdido Beach Resort of Orange Beach, AL tomorrow May 11, 2021 at 8:15 a.m. This session will outline recent updates in the cannabis, hemp & marijuana banking environment including the latest Federal and State of [...]

2021-05-10T15:34:42-05:00May 10th, 2021|Around Town|

IRS Clarifies Temporary 100% Deduction for Restaurant-Purchased Meals

The Treasury Department and the IRS have issued clarifying guidance that allows businesses a temporary 100% deduction for food or beverages from restaurants. The rules regarding deductibility of meals and entertainment expenses have changed considerably in the past few years, beginning with new limitations imposed by the Tax Cuts and Jobs Act (TCJA) of 2017. [...]

2021-05-10T12:44:21-05:00May 10th, 2021|BUSINESS TAX, SMALL BUSINESS|

CRI HUNTSVILLE – Greg Crabtree: The Growth Manifesto Podcast

Greg Crabtree, a partner at CRI, was featured on The Growth Manifesto Podcast on April 22, 2021. The episode entitled "How Entrepreneurs Can Scale Smartly and Profitably," focuses on scaling businesses with intelligent and planned decision making processes as well as profit motivated opportunities.

2021-05-05T14:29:24-05:00May 5th, 2021|Around Town|

CRI HUNTSVILLE – Greg Crabtree: Rules for Smart Scaling

CRI Partner and author of the "Simple Numbers"  book series, Greg Crabtree, recently co-hosted a webinar entitled "Rules for Smart Scaling." This webinar demystifies how to value your business as an investment and teaches two key financial levers: profitability and capitalization.

2021-05-05T14:17:27-05:00May 5th, 2021|Around Town|

Hired Any Recently Unemployed Workers? Let Them Know About New Exclusion of Unemployment Compensation

Your business’s employees who were unemployed for part of 2020 will be pleased to know that a portion of that income might not be taxable at the federal level — and possibly at the state level, as well. The American Rescue Plan, enacted on March 11, 2021, allows individuals with modified adjusted gross income (AGI) [...]

2021-05-12T09:20:59-05:00May 5th, 2021|BUSINESS TAX, COVID-19|

IRS Provides Guidance on Expanded Employee Retention Credit for 2021

The IRS has issued a series of notices providing guidance for employers claiming the employee retention credit (ERC) in 2021. The credit was originally created as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, then extended and modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020. In March, the [...]

2021-05-04T13:32:11-05:00May 4th, 2021|BUSINESS SUPPORT, COVID-19, SMALL BUSINESS|

Make Better Business Decisions with Financial Modeling

Competing successfully in today’s dynamic economy requires businesses of every size to pivot quickly when circumstances change. Whether it’s anticipating cash flow in future economic scenarios or evaluating the potential impacts of a decision under consideration right now, small business owners can leverage financial models to compete more effectively and maximize profitability. What Is Financial [...]

2021-05-03T11:47:22-05:00May 3rd, 2021|CLIENT ACCOUNTING SERVICES, SMALL BUSINESS|