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. [...]
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 [...]
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 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 [...]
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. [...]
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.
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.
CRI Partner Bill Dukes recently guest starred on The Exit Exchange podcast co-hosted by David Shavzin and Bob Tankesley. Bill's discussion and involvement in the podcast revolved around the current tax landscape for small businesses and business owners.
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) [...]
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 [...]
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 [...]
All too frequently, construction owners delay their succession planning. It’s an uncomfortable topic, to be sure, because it forces them to admit a hard truth, relinquish control and trust another person with one of their most valuable assets. It’s an all-too-easy topic to postpone, especially given the hectic day-to-day environment of a typical construction office. [...]
Back in 2008, it was determined that the London Interbank Offered Rate (LIBOR) reference rate was not as reliable as it once was. At one point, a banker was able to lower LIBOR in a market when the rate should have and was expected to increase. As with most things, change does not happen immediately. [...]
CRI Partner Frank Mason recently presented at the monthly Gainesville Chamber Lunch & Learn on April 21, 2021. His discussion highlighted CRI's services, industry specialties, as well as CRI's family of portfolio companies. He discussed Paywerx in-depth and provided info on the service offerings and opportunities.
2020 was full of changes for those in the manufacturing and construction sectors, but a few things held steady, even throughout the pandemic. The following five tax breaks are not new, but they can help manufacturers and contractors better manage fiscal uncertainties as they head further into the 2021 tax year. Cost Segregation Studies Cost [...]
Carr, Riggs & Ingram and CRI Capital Advisors Prepare to Host Exit Strategy Webinar for Manufacturing Businesses
ENTERPRISE, AL., April 13, 2021 - Carr, Riggs & Ingram (CRI) has announced a free webinar entitled, "Exit Strategies: Preparing Your Manufacturing Business for Transfer of Ownership," featuring partners from both CRI and CRI Capital Advisors. This webinar will take place on Tuesday, May 11, 2021, at 10:00 a.m. This live session will discuss the [...]
CRI HUNTSVILLE – Mike Maxson: Simple Numbers | L.E.A.D. – A Guide to Effective One-On-One Coaching Meetings
CRI Partner Mike Maxson recently presented along side the Simple Numbers team on April 6, 2021 to a group of clients and individuals looking to further their knowledge of business-related financials. This specific presentation dove into the important and often untold aspects of leadership and the development of key team members in the workplace.
CRI PANAMA CITY – Ann Marie Sale & Christy Cardillo: Shumaker Chamber Univ. – Employee Retention Credit
Join CRI Partners Ann Marie Sale and Christy Cardillo for a free webinar on April 29, 2021 on the Employee Retention Credit. Participants will learn how to take advantage of this additional CARES Act benefit available to eligible businesses as reimbursement for "qualifying wages."
By some estimates, about 10,000 workers are retiring every day. Unfortunately, these aging Baby Boomers are taking a significant volume of knowledge with them as they walk out the door. This leaves a huge wake that can’t be filled by Generation X, as they’re much smaller by volume. Many contractors are beginning to view Millennials [...]
If you are caring for a loved one with special needs, you know the costs can be significant. Fortunately, there are important tax opportunities available to you that will help ease the cost associated with extra care. Let’s explore these tax-saving vehicles, credits, and deductions. ABLE Accounts Families should consider investing in an ABLE account, [...]