CRI Tax Talk: A Post Wayfair World: What’s Next?

Prior to the Supreme Court’s decision in the South Dakota vs. Wayfair case, a retailer had to have a physical presence in a state before it was required to charge sales tax. We’re breaking down what this decision means and how it could affect you and your business moving forward. [...]

2018-11-12T15:42:33-04:00August 21st, 2018|BUSINESS TAX, VIDEO|

What is my Crazy Auditor Doing? 5 Sane Reasons for the Madness

Do you ever wonder why your auditor may be asking you for something you've never had to provide before? Cheri Swain explains how CRI auditors cover their bases to allow you to easily respond to risk and ensure that they are staying compliant with audit procedures laid out by the AICPA. [...]

2018-11-12T15:42:41-04:00June 20th, 2018|AUDITS, REVIEWS & COMPILATIONS, VIDEO|

Risky Business: 3 Benefits of Effective Enterprise Risk Management (ERM) For Banks

When it comes to enterprise risk management, strategic process planning doesn't just apply to larger financial institutions. Smaller banks are often under the impression that they don't have the means necessary to be able to implement strategies. Doug Mims explains 3 benefits that any size bank will start to see when they embrace [...]

2018-11-12T15:42:54-04:00March 16th, 2018|FINANCIAL INSTITUTIONS, VIDEO|

3 Big Changes In Partnership Audit Rules Beginning 2018

Did you know there are new rules for IRS audits of partnerships that affect all partnerships and LLC’s taxed as partnerships? David White highlights key changes including taxes assessed at the partnership level, partnership IRS representative requirement, and shift of tax burden & timing — as well as important next steps for partnerships to [...]

2018-11-12T15:42:58-04:00March 5th, 2018|TAX CONTROVERSY, VIDEO|

Extra! Extra! 3 Cybersecurity Risk Assessment Steps to Keep Your Organization Out of the Headlines

Is your organization protected against a potential crippling cybersecurity attack? Scott Bailey shares 3 risk assessment steps to keep your organization out of the headlines: identify essential assets, evaluate data flow and current protection, and recommend improvements.

2018-11-12T15:43:14-04:00January 17th, 2018|CYBERSECURITY, VIDEO|

When Paying Vesting Agreement Taxes Now Can Equal Big Savings Later: 3 Winning Scenarios

Filing a Section 83(b) Election could equal significant tax savings for you in the following 3 scenarios: founder of a new company without value, low valuation high expectations company stock, or company with potential liquidating event, as Kellie Shipley shares. Contact CRI for help making your move.

2018-11-12T15:43:15-04:00January 17th, 2018|INDIVIDUAL TAX, VIDEO|

The New Revenue Recognition Standard’s Required Disclosure Changes Are Calling Your Name

The implementation date is here for the new revenue recognition standard, and your business is likely impacted by with changes to your required disclosures. Watch Jon Heath explain the 5 new requirements that likely mean disclosure changes for most companies: disaggregated revenue, cost to obtain contract, contract balances, performance obligations, and significant judgments. [...]

2018-11-12T15:43:16-04:00January 17th, 2018|REVENUE RECOGNITION, VIDEO|

5 Blockchain FAQs: What You Need to Know

Should your business consider blockchain technology? CRI highlights 5 need-to-know FAQs about blockchain as you consider whether and how to implement this technology within your company. Learn how blockchain works, common uses, the benefits (like data security), and how you might consider implementing - all explained in everyday language by Jon Heath. [...]

2018-11-12T15:43:18-04:00January 17th, 2018|CLIENT ACCOUNTING SERVICES, VIDEO|

Leases By Pieces: Adding Up 5 Common Implementation Challenges

Experiencing challenges in relation to implementation of the new lease accounting standards? You are not alone. CRI's professionals are here to help identify possible solutions to common challenges such as: decentralization, data gathering, human capital resources, costs, and learning curve as Jeff Silver explains.

2018-11-12T15:43:20-04:00January 17th, 2018|LEASE ACCOUNTING, VIDEO|

How Can Tax Credits Benefit You?

Do you know the difference between tax credits and tax deductions? And are you taking advantage of tax credits for actions you're already taking? Similar to deductions, tax credits incentivize individuals and businesses to reduce their overall tax liabilities. However, tax credits differ in that they provide a “dollar for dollar” reduction in [...]

2018-11-12T15:43:21-04:00January 17th, 2018|BUSINESS TAX, INDIVIDUAL TAX, VIDEO|

Tax Strategies for Structuring Your Business Sale: Capital Gains Versus Income Tax

Understanding the differences between capital tax rates and ordinary tax rates is important for business owners who want to maximize returns from selling their companies. Watch as Ann Marie Sale explains why capital tax rates are often advantageous and how sellers can structure a transaction to potentially optimize capital gains. [...]

2018-11-12T15:43:50-04:00November 19th, 2017|BUSINESS TAX, VIDEO|

Diligence: Electronic Versus Onsite Data Rooms

A currently popular question during the merger and acquisition (M&A) diligence process is whether to utilize electronic or onsite data rooms. For a target company, electronic data rooms provide benefits including operational efficiencies. Private equity groups enjoy similar efficiencies but also typically value the communication and culture aspects of the onsite data room. [...]

2019-09-18T18:03:10-04:00November 2nd, 2017|BUSINESS TRANSACTIONS, VIDEO|

4 Trigger Events That Might Help You “Find” Money Using a Reverse Audit

While the word “audit” may sound scary in certain contexts, a reverse audit may help a company obtain a refund for overpaid state sales and use taxes. But when might a business consider such an engagement? Watch as Amy Hightower describes four instances in which it may be best to evaluate the potential [...]

2018-11-12T15:44:23-04:00July 25th, 2017|STATE & LOCAL TAX, VIDEO|

Keep Your Information Safe with Multi-Factor Authentication (MFA)

Most of us are familiar with traditional forms of authentication, such as a password. While such methods can work, hackers have become more sophisticated in cracking them. Multi-factor authentication (MFA) is advantageous because it requires multiple forms of identification to access a system. Watch as Tom Montalbano discusses how MFA works to protect [...]

2018-11-12T15:44:29-04:00June 22nd, 2017|IT AUDITS & ASSURANCE, VIDEO|

3 Minutes on the 3 Main Changes of the New Nonprofit Reporting Standard

The Financial Accounting Standards Board’s (FASB’s) new standard for nonprofit financial reporting will dramatically change how not-for-profit organizations present their financial statements. The new regulations are designed to help financial statement users more clearly understand how nonprofits manage their funds. Watch as Alyssa Hill explains three key changes the FASB’s standard will introduce, [...]

2018-11-12T15:45:17-04:00March 10th, 2017|NONPROFIT REPORTING STANDARD, NOT-FOR-PROFITS, VIDEO|