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New Presentation of Liquidity Information in Financial Statements of Not-for-Profit Entities
In August of 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update: ASU 2016-14 Presentation of Financial…
2017 Multi-State Legislative Update: Sales Tax Economic Nexus
Several states have passed legislation requiring remote sellers to pay sales and use tax when they exceed a certain threshold.
Minnesota and Masschusetts Hold Individuals Personally Liable for Unpaid Sales Taxes
As these cases demonstrate, business owners and officers can be held personally liable for their company’s unpaid sales taxes.
New Jersey Decision on Sourcing of Gain May Present Opportunity for Out-of-State Companies
New Jersey determined that gain from an asset sale and liquidation transaction constituted “non-operational” income, under which the income was entirely…
Rhode Island Provides Guidance on Taxability of Technology Services
Rhode Island ruled that storage service, computing service and data transfer fees are not subject to sales tax because no…
Georgia Releases Sales Tax Rulings Addressing Taxability of Services and Sourcing Issues
Georgia ruled that custom video services weren’t taxable, even when the video was delivered on a tangible medium, and that…
Restricted Stock and 83(b) Elections: 7 Common Questions
By: Ori Epstein, partner Emerging startups wanting to hire and incentivize key members of the team will often give stock…
Terri Jondahl on How Female Business Leaders Can Rise to the Top
Firsthand insight from Terri Jondahl, one of the top female business leaders, on excelling in the male-dominated manufacturing industry.
New York Cybersecurity Regulation Holds Financial Services Boards Accountable
Board chairs of companies regulated by the New York State Department of Financial Services reputations may be at stake for company’s cybersecurity
Tangible Property Regulations Present Tax Savings Opportunities for Hotel, Restaurant, and Food Distribution Owners
In 2014, the IRS issued guidance, which over the last several years has made a significant impact on how hotel,…
Why are manufacturers still not taking the R&D Tax Credit?
Many businesses don’t know they’re eligible for valuable R&D Tax Credits. Here’s how you can take the opportunity to save.
Three Ways to Cut Down on Material Shortages — Today
It’s the end of the month at your manufacturing business. You’re trying desperately to ship everything so you can hit…
Why Outsourced Accounting Deserves a Place on Your Roster
Is investing in outsourced accounting a smart move for your business? Here are some potential advantages that this partnership can bring to the table.
The R&D Credit: Is Your Tech Company Eligible?
Your company may be eligible for an R&D credit if you have recently improved, developed or designed a formula, technique, process or product.
Opening a Sales Office Overseas: 4 Questions to Consider
Opening a new sales office overseas can help you build your global business, but there are a lot of factors you should consider before making this move.
Three Ways to Cut Down on Material Shortages – Today
https://whatsnext.aprio.com/three-ways-to-cut-down-on-material-shortages-today/
The 10 Commandments of GSA Schedule Compliance – Q&A
Aprio GSA Schedule Consulting Practice consultants Jennifer Aubel and Jacelyn Ferriell recently presented a webinar The 10 Commandments of GSA Schedule Compliance….
HB 199 Explained
Removes Tax Credit Sunset for Video Gaming Companies, New Tax Credit for Post-Production Companies By Tina Chunn and Jess Johannesen…
Jonathan Reckford, CEO of Habitat for Humanity, Says Affordable Housing Is More Critical Than Ever
By Tiffany C. Wright, The Resourceful CEO Jonathan Reckford is not your typical nonprofit CEO: Before his current tenure, he…
Balancing Audit Cost with Quality
By Bobby Boyd, partner Independent audits provide essential accountability and transparency for housing authority operations, as well as invaluable information…
Trump Administration Introduces Plan to Simplify Tax Code
By Mitchell Kopelman, partner-in-charge of Tax; Robert Steele, tax senior associate; Victoria Ferree, tax associate; Steven Gluck, tax associate; and…
Georgia and Arkansas Enact Federal Income Tax Conformity Legislation
Georgia brought its income tax code section in line with changes enacted by Congress, and Arkansas eliminated the ability of…
Florida Rules that Drop Shipments Not Taxable When Supplier and Retailer are Located Outside Florida
Florida ruled that the sale for resale transaction was not taxable because both parties had no in-state locations and the…
Michigan Explains New Combined Filing Requirements for Unitary Business Groups
As a result of a recent Court of Appeals decision that “indirect” ownership doesn’t include attributional or constructive ownership, Michigan…
Endowment Updates
Nonprofits dream of substantial endowments to allay rising operating costs and for greater flexibility to pursue new programs and ideas. Nonprofits…
Valuation Drivers: KEYW’s $235M Acquisition of Sotera Defense Solutions
The federal market is a prime example of an industry where companies have turned to inorganic strategies to drive growth….
Georgia Tax Tribunal Finds that In-State Party without Contractual Relationship Creates Nexus for the Out-of-State Seller
Following other states who recently addressed the issue, Georgia determines that a contract isn’t required to establish nexus if the…
Colorado Offers Guidance on Corporate Income Tax Treatment of Partnership Sale
In a recent case, Colorado ruled to exclude the gain from the transaction from its sales factor since its inclusion…
New York Rules that Customer Reports are Taxable Information Services
A petitioner was denied an exclusion for information services that are “personal or individual in nature” because the information included…
Alternative Investments and Reporting Requirements for Associations
Additional disclosures in the annual Form 990 and possible taxable implications — Many associations are investing in alternatives due to the…
New IRS Audit Campaigns Target International Companies
By Kristin Maeckel, partner; Robert Verzi, partner; and Philip Brudney, manager The IRS’s Large Business and International (LB&I) division recently…
Is it Equity, Debt, or Some of Each?
Investor financing for today’s tech companies is complex, different terms in convertible debt, warrants and preferred stock can result in…
Doing Business in the EU? Get Behind the Privacy Shield
Despite earlier reports to the contrary, the presidential executive order that limited privacy rights of non-citizens did not negate Privacy Shield.
Georgia Ruling Addresses Sales Tax Treatment of Non-Itemized Lease Payments
The fees itemized or not itemized on an invoice to a customer can impact the sales tax a business must…
Massachusetts Classifies Biotech Company as Manufacturer Requiring Single Sales Factor Apportionment
State income apportionment methods sometimes vary by industry, and a recent case highlights the importance of industry classification. By Tina…
Indiana Rules that Cloud-Based Solution for Webcasting is Not Taxable
Indiana decided that the taxpayer’s business was a non-taxable service, instead of a taxable software product. Companies frequently use webcasts…
Utah Rules that Taxpayer Lost Net Operating Loss Carryover Following Merger
A recent Utah case stated that if an acquired company is merged out of existence, its NOLs cannot be deducted…
California Court of Appeals Confirms Passive LLC Members Aren’t Liable for Minimum Franchise Tax
A California court determines that passive investors are not “actively engaged” and thus are not doing business in California for…
Sage Construction and Real Estate Current Software Promotion
Are you in need of more licenses for your Sage Construction and Real Estate (Sage CRE) software? Does your team have…
Revenue Recognition Series: Why Were the New Revenue Standards Issued?
In order to fully appreciate the implications of the new revenue standards it is helpful to understand the process which…
Are you Part of a Trade Association? Membership Options for Government Employees
While many government employees benefit from professional association membership, federal and state statutes may prohibit or limit the reimbursement of…
Claim R&D Credits Against Your Federal Payroll Withholding
By Carli McDonald, partner-in-charge of R&D Tax Credit Services, and Olivia Backs, tax associate Last year, Congress re-vamped its tax…
Accounting Anomalies – Indicators of a Hacker?
Companies investigating hacks put too much emphasis on technology and too little on business analysis. Organizations should look closely into accounting…
Compliance: Mortal Enemy of Fintech Innovation?
By Dan Schroeder, partner-in-charge, Information Assurance Services PSA for fintech innovators: If you haven’t already, you will soon run into…