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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. ….

Oct
07

Creating a profit in a manufacturing and distribution company is a multi-pronged activity, but one of the most important prongs involves improving company and employee efficiency. Why? For many reasons, increased sales do not always translate into increased profits. First, as underlying material costs increase, a business owner may find the margin closing between revenue….

Oct
01

Are you hoping to obtain bank financing for your business? CRI’s accounting professionals recommend starting by realistically assessing your financing needs and gathering the information to make it happen.  Below is a brief outline of suggested steps to open the ears of the lenders. At least provide the bare minimum. At a minimum, proactively consider….

Sep
26

Countdown to Year-End: 3 Preparation Strategies for Contractors

 

Halloween is right around the corner. It may seem scary, but it’s time for contractors to being year-end tax planning. Waiting until the last minute can be a costly mistake.

Watch as Larry May and Dean Horne discuss the timing of equipment purchases, jobs in progress, and bonuses to owners and employees.

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Sep
23

Navigating the Maze of Retirement Planning Options

 

According to the Federal Reserve’s latest Report on the Economic Well-Being of U.S. Households, 30% of non-retired respondents have no retirement savings or pension – including nearly 20% of those ages 54-64. Finding a plan that suits your individual needs is the key to planning for your retirement.

Watch as Michelle Stinnett and Dave Sietsma discuss navigating the maze of retirement planning options for traditional employees, small businesses, and self-employed individuals.

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Sep
19

As healthcare reimbursements continue to decrease and the responsibility of healthcare costs shift to patients, medical practices must properly manage patient accounts receivable to keep cash flowing into the practice. Many employers are moving away from traditional health insurance plans as employer insurance costs continue to rise. High deductible health plans (HDHP) offer lower premiums….