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Here’s an Easier Way to Understand Your ERC Eligibility
At a Glance: THE MAIN TAKEAWAY: The Consolidated Appropriations Act provided millions more businesses the opportunity to be eligible for…
Webinar: The Restaurant Revitalization Fund Application – The Latest From the SBA
Restaurateurs, make sure you are ready to apply for the Restaurant Revitalization Fund (RRF). Watch the webinar as we discuss…
Top 5 Things You Need to Know About The Business Interest Deduction Limitation and Controlled Foreign Corporations
At a Glance IRS Final Regulations Update: The IRS released final regulations on the business interest deduction limitation that directly…
Common Functional Expense Mistakes
It is important for nonprofits to ensure that the data they present in their functional expense statement or schedule is…
The Pulse on the Economy and Capital Markets: April 19–23, 2021
Executive Summary Mixed Signals: Earnings of companies started stronger than expected last week, though markets did not react to the…
The Wonderful World of OZ: What Proposed Regulations on Opportunity Zones Mean for You
At a Glance: International Investors, Take Note: The IRS and Treasury have proposed new regulations regarding the requirements around opportunity zones,…
New York and Georgia Legislatures Enact Pass-Through Entity Taxes
By: Jeff Glickman, SALT Partner at Aprio At a glance: The Main Takeaway: The New York and Georgia state legislatures have…
The Pulse on the Economy and Capital Markets: April 12–16, 2021
Executive Summary Crypto Dominates Headlines: Markets initially reacted positively to the Coinbase listing, while bank earnings were optimistic on the economy….
Webinar: How Data Drives the E-Commerce World
From information about product returns to details on your customers and website visitors, data fuels growth in today’s technology-driven marketplace….
Portfolio Companies: Are You Eligible for the ERC?
30 Second Summary: Portfolio Companies and the ERC: While a controlled group relationship is generally unlikely between a private equity firm…
Getting Sage 300 CRE Data Into Excel
How much time do we spend in Excel entering data vs. analyzing it? Too much. Keep reading to learn some…
Top 3 Considerations For A Dental Startup: Starting or Buying a Dental Practice
At a Glance: So, You Want to Start a Business: How will you pay for your new practice? The bank and…
The Pulse on the Economy and Capital Markets: April 5–9, 2021
Executive Summary A Solid Start to Q2: The markets kicked off the quarter with strong performance, amid optimism about the U.S….
Controlled Groups: What You Need to Know about the ERC
30 Second Summary: The Full Story: If your company is part of a controlled group, you may still be eligible…
Why Does Your 401(K) Auditor Ask For a SOC-1?
If you are the contact for your company’s 401(k) plan audit, you have probably received requests for your 401(k) provider’s…
Are Remote Fraud Investigations Equally Effective?
30 Second Summary Increased Fraud: The pressure and opportunities created by the pandemic are driving more fraud, while social and travel…
Transfer Pricing and COVID-19 – Time to Re-Examine Your Policy
At a Glance Multinational Companies Beware: Economic impacts from COVID-19 may require a new transfer pricing policy to avoid future penalties….
The Do’s and Don’ts of Corporate Compliance
At a glance: COMPLIANCE VS COMPLACENCE: Many corporate compliance programs fail to pass muster, but the DOJ guidelines for evaluating…
Government Contractors Impacted by Maryland’s New Sales Tax on Digital Products
Maryland’s sales and use tax was recently expanded to include the taxation of “digital products.” Despite the sale of products or…
FASB Issues Alternative for Goodwill Impairment Test
The FASB issued ASU No. 2021-03 Intangibles—Goodwill and Other (Topic 350), Accounting Alternative for Evaluating Triggering Events, which provides private…
Don’t Sell Yourself Short on the ERC – Reevaluate Your Small Employer Status
At a Glance: The full story Eligibility aside, the size of your workforce is one of the most influential factors…
The Pulse on the Economy and Capital Markets: March 29 – April 2, 2021
Executive Summary Economic Excitement Takes Center Stage: The U.S. market had a stellar showing last week, while the riskiest part of…
Top 4 Basic Cybersecurity Steps Payment Facilitators Should Take
At a Glance: Risk vs Reward: Though there are many advantages to becoming a payment facilitator over using the traditional payment…
IRS Final Regulations on Foreign Tax Credits: New Compliance Headaches
At a Glance: IRS Final Regulations Update: The IRS has released the long-awaited final regulations for foreign tax adjustments, which the…
Have a Vacation Home in New York? Double-Check Your Tax Liability
By: Jess Johannesen, Senior Manager, State & Local Tax Services At a Glance: The Main Takeaway: The New York State Tax…
Amended Texas Franchise Tax Apportionment Regulation Adopts Significant Sourcing Changes
By: Jeff Glickman, partner-in-charge of Aprio’s SALT practice At a Glance: The Main Takeaway: The Texas Comptroller of Public Accountants has…
How the Products You Sell Impact Your Purchase Exemptions
By: Tina M. Chunn, CPA, State and Local Tax Senior Manager at Aprio At a Glance: The Main Takeaway: Two advisory…
To Tax or Not to Tax? Using the True Object Test to Assess Sales Taxability
By: Betsy Tuck, State and Local Tax Manager at Aprio At a Glance: The Main Takeaway: In today’s growing, tech-fueled economy,…
FFATA Reporting Requirements
FFATA (Federal Funding Accountability and Transparency Act) reporting is required by all prime awardees that enter into subawards for $25,000…
OMB Extends Single Audit Submission Deadline
On March 19, 2021, the Office of Management and Budget released OMB Memo M-21-20, Promoting Public Trust in the Federal…
IRS Declines to Extend Due Date for First-Quarter Estimated Tax Payments
At a glance: The IRS has confirmed its extension of the filing due date for 2020 individual income tax returns…
Top-3 Fraud Vulnerabilities Associated with Remote Work
30 – Second Summary: The Main Takeaway: Though remote work has the potential to leave you open to fraud, there…
4 Basic Cybersecurity Steps Payment Facilitators Should Take
30-Second Summary: The Main Takeaway: Small businesses are just as vulnerable to cybersecurity threats as major Fortune 500 companies, yet few…
Employee Retention Tax Credit Creates Tax Refund Opportunities
The Consolidated Appropriations Act of 2021 signed into law on December 27, 2020 expanded both which employers are eligible for…
The Top 4 Myths About the Employee Retention Credit
30-Second Summary: The Main Takeaway: Businesses could obtain up to $33,000 per employee if they are eligible for the Employee Retention…
Maryland Comptroller Interprets Taxable “Digital Products” to include Almost Everything
On February 12, 2021, the Maryland General Assembly overrode the Governor’s veto of House Bill 932, making Maryland the most…
Is Vendor-Hosted Software Taxable? A New Rhode Island Ruling Offers Clarity to Providers
For sales tax purposes, when classifying a transaction as taxable software or a nontaxable service, states will often apply the…
Intercompany Transactions: How Diligent Documentation Can Help You Avoid B&O Tax Liability
Although intercompany transactions will typically net out for income tax purposes, that isn’t necessarily the case for states that impose…
The Liquidation Exception to Business Income: When It Does and Doesn’t Apply
Some states provide an exemption to business income for liquidations and will instead classify gains from such transactions as nonbusiness…
Funded R&D Project Documentation is Essential to Claim Credits
The R&D federal tax credit is a lucrative benefit for small and large businesses across industries. But if you don’t…
Maryland’s RELIEF Act Expands Pass-through Entity Tax Election to Apply to Nonresidents
On February 13, 2021, the Maryland legislature approved Governor Larry Hogan’s Recovery for the Economy, Livelihoods, Industries, Entrepreneurs and Families…
The Newly Extended Solar Investment Tax Credit Can Brighten Your Business
Despite the news coverage, the Consolidated Appropriations Act, signed by President Trump on Sunday, December 27, 2020, contains more legislation than…
EIDL Advances No Longer Reduce PPP Loan Forgiveness
On January 8, 2021, the U.S. Small Business Administration (SBA) issued a Procedural Notice (the Notice) – Repeal of Economic Injury Disaster…
Maryland’s RELIEF Package Provides Sales Tax Credit for Small Businesses of up to $12,000
On February 13, 2021, the Maryland legislature approved Governor Larry Hogan’s Recovery for the Economy, Livelihoods, Industries, Entrepreneurs and Families…
Maryland Legislature Overrides Governor’s Veto to Enact Digital Advertising Tax and Sales Tax on Digital Products
Maryland has become the first state in the country to enact a tax specifically imposed on digital advertising. On February…
Who Should Your First Accounting Hire Be: Controller, Senior Accountant, or CFO?
Congratulations on successfully establishing your business and beginning operations! Now that you’re up and running, you may be considering your…
International Tax M&A Due Diligence for U.S. Government Contractors
Many US government contracting companies are continuing to expand their global footprint by performing contracts in other countries. The opportunity…
How to Handle Missing or Lost Retirement Plan Participants
Missing or lost retirement plan participants has been an issue for employers for many years with very limited concrete guidance…