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Nov
25

4 Things to Know Before Claiming the Home Office Deduction

 

As many as one in five Americans work from home and that number is expected to increase steadily over the next five years as more employers realize the benefits of a remote workforce. Those who work from home may be familiar with the home office deduction, but there are several things you need to know before claiming the deduction.

Watch as Matt Schaeffer and Rodney Thornton discuss the new simplified home office deduction and what happens when you sell your home.

Nov
18

FIFO vs. LIFO Inventory Identification Methods Once upon a time in the land of inventory lived a baker named FIFO. FIFO’s bakery was stocked daily with pastries, cookies, cakes and pies. Next door to FIFO’s bakery was a talented shoe maker named LIFO. LIFO used the finest Italian leathers to create the most fashionable shoes….

Nov
14

Technology Trends in Insurance

 

Gone are the days of the door-to-door insurance salesman. In today’s technology-obsessed world, insurance companies are connecting directly with consumers through technology. Mobile apps that issue digital ID cards and file claims are popular, but they also create data security issues.Watch as Mike Whitney and David Mills discuss core systems that help insurance companies prevent data breaches.

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Nov
05

If you are a parent claiming an exemption on your tax return for your dependent, consider two credits that may assist in offsetting those learning costs. And with CRI’s blog post, no books are required. American Opportunity Credit: This credit  covers up to $2,500 per eligible student and is available for the first four years of….

Oct
29

Ask any business owners about the early days of their business and they will likely tell you about countless hours of planning, sweat equity, and sleep deprivation. Since those tales are likely fairly accurate, it’s easy to get lost in a myriad of day-to-day decisions during the start-up phase, but don’t overlook the following 5….

Oct
22

After growing up in the small Southern Alabama town of Samson, graduating from the University of Alabama, and settling in Enterprise, I truly embody the words “Sweet Home Alabama.” So it’s with pride—perhaps crimson pride—that I welcome the Birmingham firm of Boohaker, Schillaci and Company to our family. There are several reasons that CRI is….

Oct
20

Yes, an Agreed Upon Procedure Engagement Might Impact You

 

Cookie cutters produce perfectly uniform cookies batch after batch. While this method is beneficial in baking, it may not be the best way to receive assurances related to specific financial reporting processes and controls. Agreed upon procedures (AUP) are unique to each business’ needs. Once the scope of an AUP is determined procedures are performed and a report is issued on the findings. Watch as Michael Carter and Candy Cunard discuss agreed upon procedures and how they may be beneficial to your business.

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Oct
15

The Federal Financial Institutions Examination Council (FFIEC) has directed regulators to spring pop quizzes on banks during upcoming examinations. The FFIEC recently launched a pilot cybersecurity assessment program involving more than 500 community banks. Beginning this summer, during regularly scheduled examinations, regulators will assess how these banks manage cyber risks–including vendor management and threat intelligence. ….