CRI Partner Frank Mason recently presented information regarding COVID-19 funding to members of the Gainesville Chamber of Commerce members on August 12, 2020. This virtual webinar included information about CRI and the services we provide as well as Frank's advice on the CARES Act funding application process.
The IRS has issued proposed regulations to implement changes to simplified tax accounting rules for small businesses enacted by the Tax Cuts and Jobs Act (TCJA). The TCJA modified provisions in the Internal Revenue Code that allow businesses with annual incomes below a certain level to account for income and expenses differently than businesses that exceed the [...]
Katie Byrd, a Supervising Senior at CRI Destin, has been selected to become part of the Florida Institute of Certified Public Accountants' (FICPA) 2020-2021 Class of Emerging Leaders. The 18 individuals chosen for this year's program represent the best and brightest of young CPA professionals in the state of Florida and Katie most definitely fits [...]
COOKEVILLE, TN - (AUGUST 12, 2020) - Top 25 nationally-ranked CPA and advisory firm Carr, Riggs & Ingram, LLC (CRI) continues to expand its presence in the state of Tennessee by increasing its locations to serve clients through the addition of the Cookeville office of Duncan, Wheeler & Wilkerson, P.C. Duncan, Wheeler & Wilkerson will amplify CRI’s [...]
CRI Partner Joe May will be speaking on "Reliance on Third Party Controls" on August 17, 2020 via virtual webinar. This session will cover control reliance as it relates to the regulatory examination process and will be open to the public.
The Institute of Internal Auditors (IIA) has released an update to The Three Lines of Defense Model, now known as the Three Lines Model. Issuance of the new model is both timely and relevant, considering the circumstances surrounding COVID-19 and the anticipated economic/business impact on a prospective basis. The model is based on six key [...]
In less than four months, the United States government has distributed (or is in the process of distributing) over $600 billion of funding to state and local governmental entities, and healthcare providers of almost all types. This funding was authorized in various spending bills between March and May of 2020, with the most substantial portion [...]
Sometimes progress comes from dire situations. Consider the lodgepole pine: The tree’s hard cones release their seeds only when exposed to the crucible of a fire. Likewise, economic crises can highlight the natural resilience of members of the entrepreneurial ecosystem. The COVID-19 pandemic has uprooted our lives and the way we work, but agile and [...]
On July 30, 2020, CRI Partner Chad Singletary will be discussing the effects COVID-19 has had on not-for-profit organizations in the last few months. This discussion will be held online, via virtual webinar, where you can find an array of topics from 8 a.m. - 4 p.m. Chad's section will begin at 1:50 and end [...]
CRI Partner Jose Aponte will be presenting a 1 hour CPE credit presentation on July 31, 2020. This virtual webinar, aimed towards CPAs and accountants who work with NFPs, will cover the aftermath of the new not-for-profit reporting standard.
Recently, CRI Partner Bob Steinhardt was a guest on the "Multiply Your Success" podcast hosted by Tom DuFore. On this episode, Bob shed light on how to avoid unnecessary attention from the IRS while maintaining financial clarity and stability.
CRI Partner Frank Mason presented information via Facebook Live to Gainesville chamber members and guests on July 8, 2020. This presentation covered the industry specialties, services, and portfolio companies that CRI has to offer.
“Bad businesses are destroyed by a crisis; good businesses survive them; great businesses are improved by them.” —Andy Grove, former CEO, Intel There’s nothing like a crisis to give people clarity and crystallize the fundamentals of running a successful business. Although this crisis has been unlike anything we’ve seen before in our lifetimes, it has [...]
CRI Partner Sam Clark will be conducting a seminar on fraud at the Atlanta Build Expo Show on July 15, 2020. The seminar, titled "How to Avoid Getting Ripped Off", will be held at the Cobb Galleria Center in Atlanta, GA starting at 11:00 a.m. This seminar, as well as the expo show itself, will [...]
The Federal Financial Institution Examination Council (FFIEC) has issued guidance for examiners to consider the effects of COVID-19 in safety and soundness examinations. The interagency guidance seeks to acknowledge the "unique, evolving and potentially long-term nature" of the issues arising from COVID-19 and the impact on financial institutions. However, the guidance also notes, "examiners will [...]
Layoffs are a necessary, yet undesirable, fact of life for any business facing lean times. This is especially true for contractors during the current pandemic, as an uncertain future has many of them searching for ways to prepare for a potential downturn. It can become a delicate balancing act. While layoffs provide immediate savings, they [...]
The IRS has provided new relief for qualified opportunity zone (QOZ) investors and qualified opportunity funds (QOFs) in response to the ongoing COVID-19 pandemic. 180-Day Investment Window Opens Wider On April 9, 2020, the Department of the Treasury and the IRS provided relief to taxpayers affected by the COVID-19 emergency by postponing due dates with [...]
The IRS has issued proposed regulations that provide guidance for the deduction of qualified transportation fringe (QTF) and commuting expenses. The Tax Cuts and Jobs Act (TCJA) disallowed deductions for qualified transportation fringe expenses as well as deductions for certain transportation and commuting expenses arising from travel between an employee’s residence and place of employment. (Originally, the TCJA [...]
CRI Partner Scott Bailey was recently featured on Captive International for his insight on the formation of captive boards and responsibilities that future board members could potentially face. This article was shared on June 29, 2020.
Small Biz Florida Podcast host Tom Kindred speaks with CRI Partner Chris Fogal about reopening the business, reviewing and managing the financials. Chris participated in this podcast on June 2, 2020 and covered the aforementioned information as well as other pertinent topics.
