About Luke Pearce

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So far Luke Pearce has created 134 blog entries.

Clarity – Handling Deductions Associated with PPP Loans

The Paycheck Protection Program (PPP) is a key component of the CARES Act passed in late March 2020. The PPP program provided loans to businesses struggling in the wake of the economic impact of COVID-19. PPP loan proceeds used by businesses to pay employee compensation and other eligible expenses are eligible to be forgiven. In [...]

2020-11-19T16:14:28-06:00November 19th, 2020|BUSINESS SUPPORT, BUSINESS TAX, COVID-19, SMALL BUSINESS|

Don’t Get Ready for Fiscal Year-End. Stay Ready.

As a business owner, you may be used to seeing articles about the importance of getting started early for your fiscal year-end. Do you know what’s even better than getting prepared? Staying prepared! Be honest: How many times have you realized during the year-end close process that a significant transaction was recorded incorrectly? Correcting that [...]

2020-11-18T11:53:56-06:00November 18th, 2020|CLIENT ACCOUNTING SERVICES|

Small Businesses: What You Need to Know About Charitable Giving

In addition to raising the annual charitable contribution deduction limitation for individuals, the Coronavirus Aid, Relief, and Economic Security (CARES) Act expanded the charitable deduction for corporations. These changes might have you wondering whether your business should make additional contributions before the end of the year. Before you pull out your checkbook, make sure you [...]

2020-11-20T10:49:32-06:00November 17th, 2020|BUSINESS TAX, SMALL BUSINESS|

CRI ATLANTA: Craig Thompson – Southeast Retail Investment Outlook: Will Retail Investment Activity Bounce Back in 2021?

CRI Partner Craig Thompson will be moderating and speaking on a panel on November 16, 2020 via virtual webinar during the Southeast Retail Investment Outlook conference. This webinar will take a look back at 2020, and going forward into 2021, at how retail sector leaders predict investment sales will perform in the near term.

2020-11-12T13:45:52-06:00November 12th, 2020|Around Town|

CRI MELBOURNE – Yvonne Clayborne: 2020 Florida CPA Summit

CRI Partner Yvonne Clayborne will be presenting at the 2020 Florida CPA Summit via virtual webinar on November 19, 2020. The purpose of this webinar is to cover the recent updates with the Yellow Book (and Uniform Guidance), the 2018 revision of Government Auditing Standards that is now in effect. Check out the presentation to [...]

2020-11-13T10:22:11-06:00November 10th, 2020|Around Town|

CRI MELBOURNE – Yvonne Clayborne: Governmental Accounting & Auditing FICPA

On November 17, 2020, CRI Partner Yvonne Clayborne will be presenting Governmental Accounting & Auditing, via virtual webinar, hosted by the Brevard Chapter of the Florida Institute of Certified Public Accountants (FICPA). This webinar including accounting and auditing updates will be open to the members of the Brevard Chapter.

2020-11-09T16:51:26-06:00November 9th, 2020|Around Town|

Businesses Face New Challenges When Expanding Their Remote Workforce

In one way or another, the pandemic has forced change upon almost every industry in America. Many of these changes were short lived, but others will become permanent fixtures in how American workers perform their jobs. Remote work is one of those changes that is likely to persist well into the future. While it can [...]

2020-11-08T20:44:09-06:00November 4th, 2020|BUSINESS TAX|

IRS Issues Second Set of Final Regulations for 100% Bonus Depreciation

The Treasury Department and the IRS have released the last set of final regulations implementing the 100% additional first-year depreciation deduction. The provision allows businesses to write off the cost of most depreciable business assets in the year they are placed in service by the business. The Tax Cuts and Jobs Act (TCJA) expanded bonus depreciation [...]

2020-11-08T20:53:22-06:00November 2nd, 2020|BUSINESS TAX, SMALL BUSINESS|

Top 25 CPA and Advisory Firm Carr, Riggs & Ingram Names Garrett Shinn as New Partner-in-Charge of the Bradenton and Sarasota Offices

BRADENTON, FL, (NOVEMBER 2, 2020) - Carr, Riggs & Ingram (CRI) has named Garrett Shinn as the new partner-in-charge of their Bradenton and Sarasota locations. The transition became effective on Oct. 1, 2020. Garrett succeeds Byron Shinn who served as the partner-in-charge of the two offices since they merged into CRI back in 2018. Garrett specializes [...]

2020-11-02T10:19:32-06:00November 2nd, 2020|PRESS RELEASES|

CRI GAINESVILLE: April Shuping – FGFOA School of Governmental Finance: Grants Accounting

On November 22, 2020, CRI Partner April Shuping will be speaking at the Florida Government Finance Officers Association "School of Governmental Finance" seminar regarding Grants Accounting. This virtual presentation will cover practical skills and tools to apply within your organization in relation to grants accounting, reporting for the CARES act funding, and additional single audit [...]

2020-10-28T16:32:08-05:00October 28th, 2020|Around Town|

How Does Year-End Tax Planning Look Different for 2020?

Will year-end tax plans look different this year? Absolutely. “The future is uncertain” maxim holds true every election year, but the coronavirus has amplified the uncertainties inherent in this year’s election. Regardless of who controls the White House and Congress, we cannot avoid change; in the months that follow, government leaders will need to determine [...]

The Basics of Private Business Valuation

“What is my business worth?”  That is the question every private business owner will ask at some point in time. While publicly-held businesses can instantly derive values from stock markets, the owners of privately-held businesses have no such markets available. Notwithstanding, the underlying concepts used to value public businesses are equally utilized by potential buyers [...]

CRI ALBUQUERQUE – A.J. Bowers: 75th Annual Texas Association of County Auditors Fall Conference/GASB Update

CRI Partner A.J. Bowers will be discussing the updates to the Governmental Accounting Standards Board (GASB), allowing participants to determine new potential changes to accounting standards and implement those changes to comply with current GASB standards. This presentation will take place via virtual webinar on November 21, 2020.

2020-10-19T15:02:34-05:00October 19th, 2020|Around Town|

CRI ALBUQUERQUE – A.J. Bowers: Texas CLASS Public Funds Investment Act Training/GASB Update – The Constant of Change in an Ever-Changing World

On November 15, 2020, the Texas CLASS Public Funds Investment Act Training/GASB Update will be held online via virtual webinar. CRI Partner A.J. Bowers will be providing attendees of this webinar with an understanding of the GASB issued statements, how they affect the financial reporting model, and the questions to ask in order to determine [...]

2020-10-19T14:44:48-05:00October 19th, 2020|Around Town|

CRI JACKSON – Shane Hariel: HFMA Region-9 2020 Conference

CRI Partner Shane Hariel will be speaking on November 11, 2020 at the HFMA 2020 Conference via virtual webinar to healthcare finance professionals on the HHS funding streams. This presentation will cover the audit, cost report, HHS, and other funding streams.

2020-10-16T11:39:52-05:00October 16th, 2020|Around Town|

Top 25 CPA and Advisory Firm Carr, Riggs, & Ingram (CRI) Offers Free Year-End Planning Webinars for Both Businesses and Individuals

ENTERPRISE, AL, (OCTOBER 13, 2020) – Carr, Riggs & Ingram (CRI) has announced that they will be presenting two free webinars to assist both individuals and businesses prepare for year end. The webinars, titled “Year-End Tax Planning: Optimizing Tax Benefits for 2020 and Beyond” will feature several different CRI tax partners who serve as leaders in [...]

2020-10-14T09:18:55-05:00October 14th, 2020|PRESS RELEASES|

Tax Implications of Debt and Equity Financing

“Cash is king” has been the motto du jour for businesses across the nation. The coronavirus pandemic hit our economy hard, and businesses that overcame the initial financial setbacks did so by having quick access to cash. Some applied for cash grants, others strengthened their cash flow practices, and some explored new ways to make [...]

2020-10-08T14:51:30-05:00October 8th, 2020|BUSINESS TAX|

CRI MONTGOMERY – Robert Miller: Alabama Association of Realtors Webinar

CRI Partner Robert Miller recently spoke via virtual webinar to the Alabama Association of Realtors on September 28, 2020. This presentation covered various topics related to the COVID-19 pandemic, Paycheck Protection Program (PPP) forgiveness, and taxes related to COVID relief.

2020-10-06T16:18:41-05:00September 30th, 2020|Around Town|

Implications of the Employee vs. Independent Contractor Decision

Business growth, especially growth during economically trying times, is a great success and should be celebrated. But new growth can also bring a certain level of stress. To deliver promised products and services to new customers, most leaders will need to hire more workers. This responsibility can feel overwhelming, especially when leaders are unsure how [...]

2020-09-28T13:51:38-05:00September 28th, 2020|BUSINESS TAX, INDIVIDUAL TAX|

IRS Takes Aim at Private Foundations

The Internal Revenue Service (IRS) has turned the old audit paradigm on its head by introducing a new enterprise, or holistic approach that allows it to more effectively target its audits. This new initiative, announced by two IRS commissioners at a tax forum held on July 10, 2020, identified over 1,000 private foundation returns associated [...]