As disappointing news continues this summer regarding Covid-19 cases, the impact is still felt by small businesses by way of ongoing business interruptions, supply chain delays and staffing issues. A bit of good news does exist: Small businesses (those with fewer than 500 employees) should be aware that President Biden’s American Rescue Plan Act of...Continue Reading
The R&D tax credit is accessible to more small businesses, and it can be a valuable way to manage expenses for innovative research. However, US Tax Court cases in recent years have revealed some weaknesses in corporate due diligence to support eligibility for the credit. Companies should not be afraid to claim the credit for...Continue Reading
When speaking to clients about ways to manage tax credits, we often have to answer this question: “Does the R&D Tax Credit apply to me?” It depends. And it really depends in the area of software development or engineering improvements. Companies can overlook thousands of dollars in unrealized credits at the federal and state level...Continue Reading
When you’re young, the possibilities are wide open to you. You may not be thinking about a family or leading a business. You are probably thinking about the job in front of you, how to pay your bills and how to spend your free time. I was in your place not long ago. When I...Continue Reading
Preparing the Incurred Cost Submission Do you have the clause FAR 52.216-7 “Allowable Cost and Payment” in any of your contracts? If you do, you have a requirement to prepare an Incurred Cost Submission for your company and submit to your local DCAA office 6 months after your fiscal year end. Typically, this FAR clause...Continue Reading
HUNTSVILLE, ALA. April 2021 — Anglin Reichmann Armstrong‘s peer review practice leader has been recognized by the Alabama Society of CPAs (ASCPA) and Business Alabama magazine as Top Talent: Alabama’s Best and Brightest CPAs. This recognition celebrates leading CPAs across the state. Jason Miller, CPA is one of the talented CPAs receiving this award. Jason...Continue Reading
The U.S. Small Business Administration (SBA) has announced that it will be opening the Shuttered Venue Operators Grant (SVOG) application portal on Thursday, April 8, 2021. The Shuttered Venue Operators Grant (SVOG) program provides economic relief for eligible venues affected by the COVID-19 pandemic. SVOG was established by the Economic Aid to Hard-Hit Small Businesses,...Continue Reading
The Restaurant Revitalization Fund (RRF) program is designed to provide $28.6 billion in economic relief for eligible restaurants and restaurant-related industries affected by the COVID-19 pandemic. The RRF is part of the American Rescue Plan Act of 2021 and will be administered directly by the Small Business Administration. The RRF program can provide non-taxable grants...Continue Reading
Accounting Today has named Anglin Reichmann Armstrong as one of 15 CPA firms across the country recognized as a regional leader in their 2021 Top 100 listing. Anglin was recognized as regional leader of the Gulf Coast region and acknowledged for increasing revenue by 11% over the past year. Accounting Today conducts data analysis and...Continue Reading
Anglin Reichmann Armstrong is pleased to announce that Caroline Wasson, MBA and QuickBooks ProAdvisor®, has been promoted to supervisor, effective August 1, 2020. Caroline joined Anglin in August 2015 as a staff accountant and was promoted to senior accountant in 2017. Within the Solution Services Group, Caroline provides a variety of outsourced accounting services to...Continue Reading
