About Luke Pearce

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So far Luke Pearce has created 65 blog entries.

Advantages of Working with a CPA When Seeking COVID-19 Relief

As the repercussions of COVID-19 continue to materialize, many businesses are exploring relief programs and options for keeping their doors open and financials stable. Whether you are just starting the application process, or you have already been approved for financial assistance, there are many ways a CPA can help you and your business get back [...]

2020-05-21T17:58:15-04:00May 21st, 2020|COVID-19, DISASTER PREPARATION, DISASTER RECOVERY|

CRI GAINESVILLE – Frank Mason: “Chamber Lunch & Learn: The Psychology of Persuasion”

CRI Partner Frank Mason recently spoke to primarily Gainesville Chamber of Commerce Members via Facebook Live on May 6, 2020. Frank's purpose was to introduce the firm and its various services, industry specialties of the firm, portfolio companies, and more. During this presentation, he discussed CRI's COVID-19 services and the resources available to all that [...]

2020-05-19T13:32:59-04:00May 19th, 2020|Around Town|

COVID-19 Impacts: Mid-Year Changes to Health Coverage and Dependent Care FSAs

On May 12, 2020, the IRS issued a notice permitting employers to allow the increased flexibility to make mid-year changes to their employer-sponsored health coverage, flexible spending accounts (FSAs), and dependent care assistance programs. Due to the impacts of the novel coronavirus, workers' needs and access to health care and childcare have vastly changed, thus [...]

CARES Act Impact for Tribal Governments

The COVID-19 crisis has had a considerable impact on governments across the country in a short space of time. In some areas, tribal governments are among the hardest-hit by the health crisis and are struggling to maintain personnel and consistency in day-to-day financial operations. On top of this, the rapid speed of developments makes it [...]

2020-05-18T11:48:48-04:00May 11th, 2020|COVID-19, GOVERNMENTS|

Latest Revisions To The Economic Injury Disaster Loan And Advance

As with so many things in life these days, change within the Small Business Administration’s Economic Injury Disaster Loan (EIDL) program seems to be inevitable. The EIDL application portal, on the Small Business Administration's website, was overwhelmed with applications for loans and emergency advances within the first couple of weeks of operation. This resulted in [...]

2020-05-11T12:32:41-04:00May 11th, 2020|COVID-19, DISASTER RECOVERY, SMALL BUSINESS|

IRS Issues CARES Act NOL Relief Guidance

Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, business owners who experienced net operating losses (NOLs) in recent years have new flexibility to apply those losses to offset taxable income. The IRS issued a series of revenue procedures and other guidance to help taxpayers take advantage of the relaxed NOL rules. Background [...]

2020-05-08T11:36:25-04:00May 8th, 2020|BUSINESS TAX, COVID-19|

Hazardous Duty Pay – Avoiding Unnecessary Troubles

Historically, hazardous duty pay has been associated with dangerous military actions, usually in a foreign country, in times of war or peril. Certainly, we’re living in unprecedented times where history seems to be re-written daily, and the enemy now moves swiftly, not only abroad, but here at home in America.  As in any time of [...]

CRI NICEVILLE – Heather Jourdan: Paycheck Protection Program – Forgiveness Calculations

On April 23, 2020, CRI Partner Heather Jourdan spoke to small business owners through a virtual meeting regarding recent changes and updates to the Paycheck Protection Program and forgiveness calculations.

2020-04-30T14:06:33-04:00April 30th, 2020|Around Town|

CRI DALLAS – Douglas Koval: Garland Chamber SPARK On-The-Go

CRI Partner Dougl Koval recently kicked off a virtual meeting hosted by the Garland Chamber of Commerce on April 20, 2020. In this meeting, Doug provided information about CRI and our services as well as current topics regarding COVID-19 to an audience of primarily manufacturers.

2020-04-30T13:35:10-04:00April 30th, 2020|Around Town|

CRI ATLANTA – Kathie Gottlieb: The Women’s Collective Advisory Board

CRI Tax Partner and Inclusion and Diversity Committee Member, Kathie Gottlieb, was recently inducted into the Women's Collective Advisory Board of Atlanta, Georgia. The Women's Collective focuses on promoting and enhancing women leaders, with a focus on three key areas: Workplace, Education, and Mentorship. For more information on The Women's Collective, click here.

2020-04-27T16:08:55-04:00April 27th, 2020|Around Town|

When Essential Business Is Risky Business: Workers’ Comp & OSHA Considerations in the Time of COVID-19

As COVID-19 continues to rearrange the structure of our workplaces and daily routines, the construction industry has been absorbing the shock of this global event in a unique fashion. At the time of this writing, the businesses for most construction contractors are considered “essential” under the various state law codes covering disaster responses. While the [...]

2020-04-27T14:46:08-04:00April 27th, 2020|CONSTRUCTION, COVID-19|

EIDL Program To Get New Life

On April 24, 2020, the President signed a bill providing for expansion of the funding for various relief programs in the total amount of $484 billion. The legislation includes additional dollars for the heavily utilized Paycheck Protection Program, specific funding for hospitals and health care providers to cover coronavirus expenses and lost revenues, and adds [...]

2020-04-29T18:37:16-04:00April 23rd, 2020|COVID-19, SMALL BUSINESS, Uncategorized|

CRI MELBOURNE – Robert Broline: Brevard Business Support – Tax and Policy Changes for Small Business Owners

CRI Partner Rob Broline recently appeared in a virtual webinar where he spoke to small business owners in Brevard County, FL. This webinar discussion included information on the CARES Act, the Paycheck Protection Program (PPP), and more regarding the relief options provided by the SBA and Federal Government.

2020-04-23T09:52:09-04:00April 22nd, 2020|Around Town|

The Waiting Game: Is Your Economic Injury Disaster Loan On Its Way?

UPDATE: As of April 24, 2020, the federal government approved replenishment funding for the EIDL program by way of the Paycheck Protection Program and Health Care Enhancement Act. Learn more: https://www.cricpa.com/additional-funding-ppp-eidl-relief/ Please note that if you have already submitted your application, that the SBA is continuing to process those applications on a first-come, first-served basis. [...]

CRI MELBOURNE – Michael Cerow: Brevard Business Support – Tax and Policy Changes for Small Business Owners

CRI Partner Michael Cerow recently spoke in a virtual webinar where he spoke to small business owners in Brevard County, FL. This webinar discussion included information on the CARES Act, the Paycheck Protection Program (PPP), and the Families First Coronavirus Response Act (FFCRA).

CRI PANAMA CITY – Ann Marie Sale: Small Business Administration Launches COVID-19 Loan Help

CRI Partner Ann Marie Sale recently spoke to ABC News Channel 7 in Panama City Beach, FL on April 7, 2020. Her discussion was on the Small Business Administration loans including the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loans (EIDL) program.

2020-04-14T16:17:04-04:00April 14th, 2020|Around Town, SMALL BUSINESS|

IRS Expands Tax Deadline Deferrals to Cover Individuals, Trusts, Estates, Corporations, and Other Non-Corporate Tax Filers

To further aid taxpayers affected by the COVID-19 outbreak, the U.S. Department of Treasury and the IRS have elected to extend further critical tax deadlines affecting individuals and businesses. This notice expands the relief announced in March that allows most taxpayers until July 15, 2020, to file and pay federal income taxes that were originally [...]

Important Notice For EIDL Loan Applicants

If you completed an application for an SBA Economic Injury Disaster Loan (EIDL) prior to 9:30PM EDT on Sunday, March 29, 2020, the SBA is advising business entities to reapply for the EIDL using their newly updated online application process. Earlier versions of the application did not include the ability to mark a box that [...]

2020-04-09T19:52:27-04:00April 9th, 2020|COVID-19, SMALL BUSINESS|

How to Increase Your Chances of a Successful Financial Statement Audit

Clean, audited financials open doors for your business. Whether you’re bidding on a major contract or looking for new sources of financing, audited financials will hasten the decision-making process, priming your business for new growth and helping you accomplish other organizational goals. So what can you do to make sure your audit proceeds without a [...]

2020-04-09T19:28:31-04:00April 9th, 2020|CLIENT ACCOUNTING SERVICES, SMALL BUSINESS|