About Luke Pearce

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So far Luke Pearce has created 23 blog entries.

CRI CORPUS CHRISTI – David Habib: Tax Cuts and Jobs Act Revisited

CRI Partner David Habib was part of a discussion at the Ortiz Center in Corpus Christi, Texas on January 2nd, 2020. He revisited, through detailed discussion, the key changes made to the Tax Cuts and Jobs Act to members of the Kiwanis Club and their guests.

2020-02-12T10:16:58-05:00February 12th, 2020|Around Town|

IRS Micro-Captive Insurance Settlement Offer Expires; Enforcement Efforts Will Increase

The IRS has announced acceptance rates for a time-limited settlement offer made to certain taxpayers under audit who participated in abusive micro-captive insurance transactions. Nearly 80% of taxpayers who received offer letters elected to accept the settlement terms. The settlement offer followed three U.S. Tax Court decisions confirming that certain micro-captive arrangements are not eligible [...]

2020-02-11T10:39:06-05:00February 11th, 2020|CAPTIVE INSURANCE, INSURANCE|

CRI MELBOURNE – Deborah Goode: Government Contract Advisory Team Networking Event and Cyber Security

CRI Partner Deborah Goode organized an event at the Cocoa Beach Chamber Office on January 23rd, 2020. The invitation only event was coordinated for government contractors doing business in Brevard County to network and learn more about Government Contract Advisory Team (GCAT) member services and Cybersecurity Maturity Model Certification (CMMC) requirements.

2020-02-12T10:30:18-05:00February 5th, 2020|Around Town|

New Law in 2019 Requires Tax-Exempt Organizations to E-file Forms

Tax-exempt organizations will be required to electronically file information returns and related forms starting in 2020. The Taxpayer First Act, enacted July 1, affects tax-exempt organizations in tax years beginning after July 1, 2019. Exempt organizations that file on a calendar-year basis will not be subject to the mandate for the year that ends Dec. [...]

IRS Announces Relief for Financial Institutions Affected by Tax Law Change Raising the Age for Required Minimum Distributions

A new law enacted late in 2019 made a significant change in the minimum distribution requirements for individual retirement accounts (IRAs). The “Setting Every Community Up for Retirement Enhancement” (SECURE) Act became effective on December 20, 2019, and it raised the required minimum distribution (RMD) age from 70½ to 72 for individuals who will reach [...]

What’s Your Company’s Cash Flow?

Business growth requires investment. But how do you know how much you can afford to spend at any given time? Without an accurate and up-to-date cash flow report, you’re really just guessing. So when opportunities come up — say, a deal on a new truck — you’re making important business decisions without all the facts. [...]

2020-02-04T15:40:39-05:00February 4th, 2020|CLIENT ACCOUNTING SERVICES|

CRI STUART – Joyce Ruggeri: Treasure Coast Dental Society Meeting

CRI Partner Joyce Ruggeri spoke at the Treasure Coast Dental Society meeting that was held at the Legacy Golf & Tennis Club in Port St, Lucie, Florida on January 27th, 2020. She discussed the upcoming deadlines for 1099s and gave a brief review of payroll and the rules involved.

2020-02-05T14:43:13-05:00February 4th, 2020|Around Town|

California Expands Independent Contractor ABC Test

Changes to California law involving a worker’s status (independent contractor vs. employee) have gained much attention from companies with operations in California. Before April 2018, a worker’s status was based on a multi-factor test outlined in S.G. Borello & Sons, Inc. vs. Department of Industrial Relations. Last year, the California Supreme Court in Dynamex Operations [...]

2020-01-29T17:58:08-05:00January 29th, 2020|GOVERNANCE & RISK ASSESSMENTS|

CRI TAMPA BAY – David Sietsma: Synapse Summit 2020 – Exit Strategies: Preparing Your Business For Sale

David Sietsma, a CRI Partner, will be presenting on February 12th, 2020 at the Amalie Arena in Tampa, Florida. His presentation will consist of a three person panel discussing the formulation process of exit strategies in regards to selling your business.

2020-02-03T10:14:10-05:00January 29th, 2020|Around Town|

CRI NASHVILLE – Deanna Dibin: TN Bankers Association Credit Conference Workshop: Qualified Opportunity Zones: What, Why, Where

CRI Partner Deanna Dibin will be one of the speakers in a workshop at the Omni Hotel in Nashville, TN on February 13th, 2020 for the Tennessee Bankers Association Credit Conference. This workshop will help outline incentives and investing for Qualified Opportunity Zones and define where they are located throughout the state.

2020-01-23T12:37:01-05:00January 23rd, 2020|Around Town|

CRI NASHVILLE – Rob Demonbreun: Tennessee Bankers Association Credit Conference

CRI Partner Robert Demonbreun will be speaking on February 13th, 2020 at the Omni Hotel in Nashville, TN in accordance with the Tennessee Bankers Association Credit Conference. This discussion led by Rob and 4 other panelists will cover underwriting, documentation, risk rating monitoring, workouts, and restructuring. You will hear best practices and war stories regarding [...]

2020-01-23T12:06:59-05:00January 23rd, 2020|Around Town|

IRS Issues Finalized Opportunity Zone Regulations

The Internal Revenue Service has issued final regulations (T.D. 9889) providing details about the tax treatment of investments in qualified opportunity zones (QOZs). This guidance modifies and finalizes proposed regulations that were issued on Oct. 28, 2018, and May 1, 2019. The Tax Cuts and Jobs Act (TCJA) created the opportunity zone as a new incentive for [...]

2020-01-21T13:48:43-05:00January 21st, 2020|INDIVIDUAL TAX, OPPORTUNITY ZONES|

A Grant Overview

Contrary to what many people believe, free money isn’t given out to individuals and businesses to help jump-start a venture or tie down loose ends. Instead, grants are offered for certain ideas and projects that have proven to be able to provide public service to a community or stimulate the economy. Grants are financial aid [...]

2020-01-21T15:11:43-05:00January 21st, 2020|NOT-FOR-PROFITS|

Understanding Your Responsibilities Within Service Organizations

What is a Service Organization? A service organization is any entity that provides a service to another entity that traditionally has been performed (or can be performed) within the entity. A list of commonly used service organizations in the government sector include: investment custodians, IT cloud services, receivable collections, insurance claims processing, payroll services, bill [...]

Not-So-Safe Harbor? Navigating the QBI Rules for Rental Real Estate Businesses

The IRS released final guidance this fall to help taxpayers figure out when rental real estate activities might qualify as a “trade or business” for purposes of the Section 199A 20% qualified business income (QBI) deduction. The final guidance sets forth four requirements that, when met, provide a taxpayer with some assurance that the IRS [...]

2020-01-16T20:13:51-05:00January 16th, 2020|BUSINESS TAX, INDIVIDUAL TAX|