The Manatee Chamber of Commerce will be hosting CRI Partners Lorri Kidder and Christy Cardillo to present Accounting Changes and Tax Reform: Changes Every Business and Organization Needs to Know on January 29, 2019. They will be discussing revenue recognition and its application as well as changes to financial presentation for nonprofit organizations. Additionally, they [...]
On September 14, 2018, Hurricane Florence made landfall near Wrightsville Beach, North Carolina unleashing destructive winds and rainfall leading to catastrophic loss in the Tarheel state. Eastern North Carolinians bore the brunt of the storm’s excruciatingly slow movement as it dropped as over 30 inches of rain in some places causing flooding in many areas. [...]
CRI Partner Hardy Foreman will be speaking at the Landman Association Luncheon on January 7, 2019. He will be discussing the benefits of the new tax regulations and how they will benefit the oil and natural gas business.
AML Perspectives Much has been made of the “Beneficial Ownership Requirements for Legal Entity Customers,” which went into effect July 11, 2016, with a compliance date May 11, 2018. In fact, on the surface, one could mistakenly ascertain FinCEN’s final rule related solely to beneficial ownership. Furthermore, there are indications that [...]
While not-for-profit entities generally aren’t concerned with income tax law changes, some of the provisions of the Tax Cuts and Jobs Act that went into effect January 1, 2018, can have a significant impact on them. One such change could create Unrelated Business Taxable Income (UBTI) even if the nonprofit hasn’t previously been subject to [...]
CRI Partner Ron Jacobson was recently featured on John Garrett's Green Apple Podcast. Ron discusses how his bowling career has transcended into his professional career with Carr, Riggs & Ingram. Listen now on John Garrett's website.
AML Perspectives The Bank Secrecy Act (or “BSA”) has long been part of the regulatory landscape as a fundamental component of the safety and soundness process. In fact, most professionals who currently work for or with financial institutions do not recall when BSA was not a critical component of the financial institution [...]
Accounting Standards Update (ASU) 2018-08, titled Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made, was released by the Financial Accounting Standards Board (FASB) on June 21. It clears up some of the more ambiguous facets of the new revenue recognition model that will go into effect for most nonprofits at [...]
AML Perspectives Prevailing FFIEC guidance indicates the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) risk assessment is fundamental to achieving an effective risk-based BSA/AML compliance program. In fact, the FFIEC BSA/AML Examination Manual emphasizes that examiners evaluate the financial institution’s risk assessment as part of the planning and scoping phase of the examination. [...]
On October 10, 2018, Hurricane Michael and its 155 mph winds changed life forever in Northwest Florida. Residents of Bay County and Gulf County suffered the worst, with catastrophic damage as a result of the extreme winds and storm surge. Many of these residents live in condominium and homeowner associations, which suffered damage along with [...]
CRI Managers Kyle Simpler and Rebecca Graham will be speaking at the Home Builders Association of Alabama Annual Convention on Saturday, November 10, 2018, at the Grand Hotel Golf Resort & Spa. Topics of discussion will include a broad overview of the Tax Cuts and Jobs Act of 2017.
AML Perspectives The challenges of BSA/AML compliance continue to evolve for financial institutions as they seek to meet heightened regulatory expectations in areas such as Customer Due Diligence (CDD) or in automating monitoring processes, all while effectively managing the associated cost of ongoing compliance. In the meantime, the Financial Action Task [...]
CRI Partner Jack Kirkland is presenting the Texas Extension Education Foundation's Agriculture Tax Issues Course for CPE credit during the coming weeks. Topics covered include prepaid farm expenses and deposits, demolishing a farmstead, farm depreciation, and more.
The literature is out there; many agencies have published guides on grants management. For example, this website from the U.S. Department of Health & Human Services does an exceptional job in laying out what your organization needs to do both before and after an award. Yet, due to changing requirements, increased oversight, budget cuts, and [...]
CRI Partner Tommie Singleton will be participating in a Women in Public Finance panel for Q&A on the topic of Understanding and Combating Cyberfraud. Tommie will be discussing some of the legal issues for breaches and how to asses cyber threat risks for a particular entity.
Last Updated: November 4, 2018 1:45 PM We hope that our clients and friends have remained safe during this significant weather event. Our thoughts are with all of those who have been affected during and in the aftermath of Hurricane Michael. IRS Announces Tax Relief for Hurricane Michael Victims The IRS has extended deadlines that apply [...]
The New Mexico Society of CPAs has selected the 2018 Outstanding Members and Women to Watch. CRI Partner Amy Cherne will be honored with the Woman to Watch, Experienced Leader award. CRI Manager Gwen Mansfield-Vogt will be honored with the Woman to Watch, Emerging Leader award. These awards will be presented at the Pride in the [...]
Join the Carr, Riggs & Ingram (CRI) Albuquerque office in a community collection of new and slightly-used hoodies and coats to benefit students in need during the new school year and coming winter months! These donations will be given to Locker #505, a non-profit organization that serves Albuquerque children. Donations can be dropped off at: [...]
CRI Partner Debbie Goode is serving as the campaign chairwoman for the United Way of Brevard's Annual Campaign. Read more about this fundraising effort in Florida Today.
CRI Partner Byron Shinn will serve among other prominent Gulf Coast business-people on the Presidential Search Committee for the University of South Florida. Read more on the Florida Business Observer.