All Articles

Is Your Company Eligible for the Employee Retention Credit?

If you aren’t familiar with the Employee Retention Credit (“ERC” ) yet, you probably want to check out the first…

Read the story

Sale of GoDaddy.com Interest Generated Apportionable Business Income in Minnesota

A recent Minnesota Supreme Court decision highlights the principle that when a taxpayer receives income from the sale of an…

Read the story

Virginia Rules That Separate Charges for Photo Booth Rentals in Party Services Contract Were Taxable

When vendors sell property and services for a single price or pursuant to a single contract, it is important to…

Read the story

Sale of Partnership Interest is Taxable under New York City’s General Corporation Tax

The New York City Tax Tribunal sided with the City in ruling that the sale of a partnership interest by…

Read the story

Georgia: Summary of Significant Tax Legislation During 2020 Session

The Georgia legislature produced several tax bills during 2020, including favorable changes to its jobs tax credits that should help…

Read the story

Three Key Points Healthcare IT Businesses Need to Communicate When Pitching Investors

Innovation in Digital Healthcare and Healthcare IT is a hot ticket item in the capital markets right now, which has…

Read the story

HHS Releases Reporting Requirements for Provider Relief Fund Recipients

On September 18, the Department of Health and Human Service (HHS) released post-payment reporting requirements for the Provider Relief Funds…

Read the story

The Employee Retention Credit Can Provide Up to $5k per FTE Oct. 31 2020

Businesses that either did not receive a loan through the Paycheck Protection Program (“PPP”) or that repaid their PPP in…

Read the story

Weighing the Risks of a Technology M&A Transaction During the Pandemic

Technology companies and startups have historically thrived off M&A transactions, but the pandemic has added a new layer of uncertainty…

Read the story

New Rules for Donors to State Credit Funds

In August 2020 the IRS issued final regulations on the state and local payments made to charitable entities that are…

Read the story

The U.S. Department of Health and Human Services (HHS) has extended the deadline for Phase 2 General Distribution funding.

The new deadline for medical and dental practices to file application is Sunday, September 13, 2020. Apply Here The Phase…

Read the story

The Fundamentals – Pulse on the Economy and Capital Markets: 8/31/20 – 9/4/20

Executive Summary Ahead of the holiday weekend, the employment and manufacturing numbers showed the rebound continues, though the headline employment…

Read the story

3 Things to Know About Section 139 – It Might be Easier Than You Think to Support Your Employees Through COVID-19

While Congress continues to debate new stimulus legislation for those impacted by COVID-19, there are some alternative options already available…

Read the story

Planning Your Healthcare IT Capital Raise: Investor and Innovator Perspectives

The seemingly never-ending pandemic has created widespread changes in the corporate world, but perhaps none quite so drastic (or with…

Read the story

Hurricane Laura Alert: Aprio Stands Ready to Provide Insurance Loss Services

Hurricane Laura is expected to cause nearly $25 Billion in damage, one of the costliest storms in U.S. history. If your…

Read the story

D.C. Council Eliminates Most QHTC Tax Incentives

The District of Columbia’s Fiscal Year 2021 Budget Support Emergency Act of 2020 (A23-0404), which received Mayoral approval on August…

Read the story

Federal Reserve Updates Main Street FAQs

On August 24th, 2020, the Federal Reserve Bank of Boston amended both the for-profit and nonprofit organization Main Street Lending…

Read the story

Virginia Rules that Individual is a Dual Resident but is Entitled to Claim a Credit for Taxes Paid to the Other State

Due to the state rules that determine residency for income tax purposes, an individual could be a resident of two…

Read the story

Tennessee Rules That Live Online Class is Not Taxable but Self-Paced Online Class Is Taxable

A recent Tennessee ruling addressing the application of sales tax to online live and self-paced education courses highlights that the…

Read the story

Best Buy Owes Illinois Sales Tax on Installation Contracts

An Illinois Court of Appeals decision concluded that just because Best Buy enters into contracts with customers to install appliances…

Read the story

Ohio Concludes that Taxpayer’s Survey Respondents Service is Subject to Sales Tax

As businesses provide more services through technology and software platforms, it becomes essential to consider the sales tax implications, because…

Read the story

The Deadline for MAAP Repayments is Approaching – Is Your Practice Prepared?

From supply shortages to revenue shortfalls, hospitals and healthcare providers have continued to face unprecedented challenges throughout the COVID-19 pandemic….

Read the story

Paycheck Protection Program Update: Don’t Forget the Forgiveness!

Last Updated: August 24, 2020 The Paycheck Protection Program (PPP) was created on March 27, 2020 when President Trump signed…

Read the story

COVID-19 Pandemic Impact on Subsequent Events Assessment

As we continue to battle the uncertainties of the coronavirus pandemic (COVID-19), economic and business disruptions have been prevalent. They…

Read the story

COVID-19 Pandemic Impact on Going Concern Evaluation

The coronavirus pandemic (COVID-19) has been an unprecedented public health threat for all of us. Significant developments and spread of…

Read the story

COVID-19 Pandemic Impact on Lease Concessions

The impact of the Coronavirus pandemic (COVID-19) on entities continues with a lot of unknowns related to its future effects….

Read the story

COVID-19 Pandemic Impact on Revenue Recognition

While coronavirus, COVID-19, continues to impact companies and organizations in the short-term, the long-term impacts remain largely unknown.  Companies  should…

Read the story

Three Important Clarifications in the SBA’s August 24th Interim Final Rule for PPP

On August 24, 2020, the U.S. Small Business Administration (SBA) released another update to the Paycheck Protection Program (PPP), the…

Read the story

Proposed Regulations for Carried Interest – Is It Time to Analyze Business Strategies?

When the Tax Cuts and Jobs Act of 2017 introduced the new carried interest rules through IRC Section 1061, it…

Read the story

IRS 2019 Tax Correspondence Delays – What You Should Do

Did you make a tax payment via check leading up to the 7/15 extended IRS due date? Many taxpayers did….

Read the story

How to Navigate an M&A Transaction with a PPP Loan

As the reality of the pandemic and its longevity begins to sink in for American business owners, many are realizing…

Read the story

The Impact of Section 889 on Federal Grant Recipients

On August 13, 2020, the Final Guidance added part 2 CFR 200.216 to align regulations for grant recipients with Section 889 of the John S….

Read the story

IRS 2019 tax correspondence delays – what you should do.

Did you make a tax payment via check leading up to the 7/15 extended IRS due date? Many taxpayers did….

Read the story

Georgia Enacts Significant Procedural Changes to the Film Tax Credit

On August 4, 2020, Governor Kemp signed into law H.B. 1037, which enacts significant procedural changes to the state’s film…

Read the story

The President’s Executive Order on Payroll Tax Deferment – What You Need to Know

President Trump signed a series of Executive Orders on Saturday, August 8, 2020, that extended new relief to Americans impacted…

Read the story

3 Updates you Need to Know About Business Interest Expense Deduction Limitations

On July 28, 2020, the Treasury and IRS published several pieces of regulation and guidance that will have a significant…

Read the story

SBA Releases First Set of Frequently Asked Questions on PPP Loan Forgiveness

After a six-week hiatus, the U.S. Small Business Administration (SBA) released new guidance for Paycheck Protection Program (PPP) loan borrowers….

Read the story

Preparing for the Next Transaction

More than half of transactions that make it to a letter of intent fall apart during due diligence. There are…

Read the story

Georgia and Arkansas Issue Opposite Sales Tax Rulings for Owner of Electric Car Charging Stations

A taxpayer received opposite rulings from Georgia and Arkansas regarding the applicability of sales tax on charges to customers that…

Read the story

Tennessee Ruling Concludes that Certain Audio and Visual Services Constitute Taxable Digital Products

A recent Tennessee Revenue Ruling explains the application of the state’s sales tax on digital products to the taxpayer’s audio/visual…

Read the story

New York Concludes that Loss on Liquidation of Partnership is Not New York Source Income

New York has a unique rule for nonresident individuals regarding the sourcing of gain/loss on the sale of equity interest…

Read the story

Missouri Court Applies Integrated Plant Doctrine to Manufacturing Exemption

States typically provide exemptions for manufacturing machinery and equipment, include repair and replacement parts, but the breadth of those exemptions…

Read the story

Provider Relief Fund Recipients May Require Single Audit

The Provider Relief Fund is a $175 billion allocation from the CARES Act to the Department of Health and Human…

Read the story

HHS Deems Provider Relief Fund Distributions Taxable

Announcement could affect healthcare practitioners’ tax liability Many medical providers have taken advantage of the Provider Relief Fund, a part…

Read the story

Federal Reserve Announces MSLP is fully operational and SPV is ready to purchase participations in eligible loans

On July 15, 2020, the Federal Reserve (the Fed) announced that the Main Street Lending Program (MSLP) is fully operational…

Read the story

CARES Act Triggers Maryland’s Automatic Decoupling

On June 12, 2020, the Maryland Comptroller issued its report to the Governor and General Assembly regarding the impact of…

Read the story

IRS Issues New Relief and Guidance for CARES Act Retirement Plan Provisions

On June 19, 2020, the Internal Revenue Service (IRS) issued Notice 2020-50 which helps individuals affected by COVID-19 take advantage…

Read the story

The Remote Audit: Your New Normal

The COVID-19 pandemic caused us to rethink the way we work, and as a result, the way we work with…

Read the story

Stay informed with Aprio.

Get industry news and leading insights delivered straight to your inbox.

Stay informed with Aprio. Subscribe now.