About Luke Pearce

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So far Luke Pearce has created 261 blog entries.

Potential Proposals on the Horizon: It’s Time to Prepare Your Estate Plan

In 2021, a variety of significant tax proposals have been introduced that have the potential to cause tremendous bearing on individual estate plans. For individuals with irrevocable trusts, these proposals create potential unintended income tax consequences depending on the circumstances. There are currently three primary proposals, one by President Joe Biden, one by Senator Chris [...]

2021-07-29T15:23:21-05:00July 29th, 2021|INDIVIDUAL PLANNING, INDIVIDUAL TAX|

CRI BIRMINGHAM – Brian Barksdale: GFOAA Summer Conference – GASB Update

CRI Partner Brian Barksdale is scheduled to speak at the GFOAA Summer Conference 2021 on August 12. Brian will provide an update on the Governmental Accounting Standards Board pronouncements, including those that are recently effective, those with upcoming implementation dates and current exposure drafts under consideration by GASB.

2021-07-29T13:23:10-05:00July 29th, 2021|Around Town|

American Rescue Plan for Governments: The Resources Available

Throughout the COVID-19 pandemic, the federal government has provided numerous financial stimulus packages to support the community and the economy. However, local governments have seen their largest funding source come from the signing of the American Rescue Plan Act (ARPA). The CARES Act funding primarily landed with states and counties, but for the first time [...]

2021-07-29T12:53:22-05:00July 29th, 2021|COVID-19, GOVERNMENTS|

Carr, Riggs & Ingram to Host Live Webcast For Financial Institutions Operating in the Cannabis Industry

ENTERPRISE, AL, July 26, 2021 - Carr, Riggs & Ingram (CRI) has announced a free webinar entitled, "Anti-Money Laundering (AML) and Cannabis Banking: Is Your Financial Institution Ready?" This live event will feature CRI Partner and Industry Line Leader Phyllis Ingram CRI Partner and Financial Institutions Practice Leader Doug Mims. The webinar will take place [...]

2021-07-26T10:37:08-05:00July 26th, 2021|PRESS RELEASES|

CRI Birmingham – Chris Cain: Alabama Bankers Association CEO Bank Exec & Directors’ Conference

CRI Partner Chris Cain will be speaking at the Alabama Bankers Association CEO Bank Exec & Directors' Conference on August 6, 2021 at the Grand Hotel in Point Clear, Alabama. Chris will be speaking on the presence and considerations of cryptocurrency as well as the regulatory guidance that is available.

2021-07-21T12:30:35-05:00July 21st, 2021|Around Town|

Strategic Use of ARP Government Funds for Long-Term Success

The U.S. Department of Treasury states that the American Rescue Plan (ARP) Act will deliver $350 billion for eligible state, local, territorial, and Tribal governments to respond to the COVID-19 emergency and bring back jobs. The guidance includes information on how the substantial infusion of resources is to help turn the tide on the pandemic, [...]

2021-07-23T13:43:54-05:00July 19th, 2021|COVID-19, GOVERNMENTS|

CRI HUNTSVILLE – Greg Crabtree: How To Hardscape – Simple Numbers

The "How to Hardscape" podcast hosted by Michael Pletz recently featured CRI Partner Greg Crabtree in an episode discussing Greg's very own books. Both of Greg's Simple Numbers books are discussed in an episode that outlines business financials, salary caps, and debt.

2021-07-14T23:01:15-05:00July 14th, 2021|Around Town|

CRI HUNTSVILLE – Greg Crabtree: AmiSights Podcast Episode 20

CRI Partner Greg Crabtree was recently featured on the AmiSights Podcast hosted by Ami Kassar, CEO of MultiFunding. In this episode, Greg and Ami discuss CRI's unique approach to "book" management and what makes us stand out among the rest. Listen to the episode here.

2021-07-14T22:48:05-05:00July 14th, 2021|Around Town|

CRI ATLANTA – Doug Mims: The IIA’s Three Lines Model: Basic Concepts and Practical Applications

Next week, CRI Partner Doug Mims will participate in the Association of Credit Union Internal Auditors' (ACUIA) webinar on July 21, 2021 that covers the Institute of Internal Auditor's (IIA) Three Lines Model. Included in this presentation will be practical applications for financial institutions, the role of internal audit in the implementation of the new model and ongoing [...]

2021-07-13T13:20:05-05:00July 13th, 2021|Around Town|

CRI ALBUQUERQUE – Bobbi Hayes/Larry May: Employee Retention Credit – Still Available and More Powerful in 2021

CRI Partners Bobbi Hayes and Larry May will be presenting on the live NASBP webinar covering the Employee Retention Credit (ERC) and its recent expansions. Beyond the basics of expansion, the presentation will cover the requirements for qualification for the credit in 2020 and 2021, calculation, and interaction with PPP loan forgiveness and other credits.

2021-07-08T16:30:26-05:00July 8th, 2021|Around Town|

Time to Pivot? How Your CPA Can Help You Adapt to a Changing Environment  

Owning a business means handling your share of curve balls. There’s always something that changes the dynamics of doing business — a shift in customer demographics, regulatory changes, or even a once-in-a-lifetime global pandemic. Whether it’s the way you connect to potential customers, how you serve them, or even the basic premise of what you’re [...]

CRI SARASOTA – Garrett Shinn: Manatee Community Foundation Board of Directors

CRI Partner Garrett Shinn has recently joined the Manatee Community Foundation's board of directors for a three-year term. The Manatee Community Foundation focuses on the enhancement of their community through philanthropy, education, and service. Garrett will become an integral part of furthering the endeavors of the foundation and continuing effective roles of leadership.

2021-07-07T11:19:27-05:00July 7th, 2021|Around Town|

Compliance Management System (CMS) – A Refresher

Let’s face it—today’s financial institutions are confronting many challenges post-pandemic. However, one major area that has received renewed emphasis with the change in administration is compliance. Financial institutions must continuously navigate an evolving environment of complex compliance regulations. Bank board members and management understand that a compliance issue can cause significant time and resources to [...]

2021-07-02T11:36:30-05:00July 2nd, 2021|FINANCIAL INSTITUTIONS|

Employee Retention Credit for Nonprofit Organizations

The Employee Retention Credit (ERC) is a refundable payroll tax credit for which business organizations, including tax-exempt organizations, may be eligible. The ERC was initially created as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020, then extended and modified by the Taxpayer Certainty and Disaster Tax Relief Act of [...]

Carr, Riggs & Ingram (CRI) Prepares to Host Multi-Session Accounting Outsourcing Webinar Series Powered by Xero

Session One Details Implementation Steps for Mastering Outsourced Accounting Processes ENTERPRISE, AL, June 24, 2021 - Carr, Riggs & Ingram (CRI) has announced the first session of their three-part outsourced accounting webinar series entitled, "It's a Marathon, Not a Sprint: Going the Distance for Outsourced Accounting Success; Session One: Your Training Plan." This free live [...]

2021-06-24T12:58:12-05:00June 24th, 2021|PRESS RELEASES|

CRI ATLANTA – Bob Steinhardt: The Future is Now: Innovative Workplace Solutions | Livable Buckhead

This week, CRI Partner Bob Steinhardt will be co-presenting on "The Future is Now: Innovative Workplace Solutions" virtual webinar hosted by Livable Buckhead on June 24, 2021. Bob will be presenting on the tax ramifications of having remote workers and participating in a Q&A session at the end of the webinar.   Webinar Description from Livable [...]

2021-06-21T13:48:05-05:00June 21st, 2021|Around Town|

Tax Considerations for Buyers Contemplating Mergers & Acquisitions

When contemplating a merger or acquisition, buyers assess a variety of items about the target entity, such as internal controls, quality of customers, accounting practices, financials, projected growth, and so much more. What many buyers may not know is that mergers and acquisitions (M&As) also have a slew of tax ramifications that, if not handled [...]

2021-06-21T12:01:12-05:00June 21st, 2021|BUSINESS TAX, BUSINESS TRANSACTIONS|

The Basics of Grantor Retained Annuity Trusts

Estate plans are crafted to address the needs of each individual, which means that no two plans are alike. But there is a reason so many estate plans use trusts. Trusts can help protect your assets, reduce or eliminate gift and estate taxes, and ensure a smooth transfer of wealth to the next generation. And [...]

2021-06-21T09:45:56-05:00June 21st, 2021|INDIVIDUAL PLANNING, INDIVIDUAL TAX|

COVID-19 Vaccination and Recovery Paid Leave Qualifies for Sick Leave Credit

With the federal quarterly payroll tax deadline right around the corner, keep in mind that your business or nonprofit might qualify for tax credits to reimburse the cost of providing sick and family leave to employees due to COVID-19, including for vaccination. The American Rescue Plan Act (ARPA), passed in March of 2021, made refundable [...]

2021-06-23T14:35:02-05:00June 18th, 2021|BUSINESS TAX, COVID-19, SMALL BUSINESS|

What Role Does Life Insurance Play in Estate Planning?

Estate planning is ever evolving. Many of the worries that plagued us in the past may not seem as important now, and new concerns may have cropped up that we could not have anticipated 10 or 20 years ago. But this doesn’t mean you should trash your existing estate plan; it simply means you should [...]

2021-06-21T09:45:06-05:00June 17th, 2021|INDIVIDUAL PLANNING, INSURANCE|