Archive for December 2018
How Time-Tracking and Data Analytics Can Help Drive Better Business Decisions
Law firms, accountants, consultants and other professional services businesses have long been accustomed to tracking employee time for billing and payroll purposes. But there’s gold in that time tracking data — more than just what comes from billings. Analysis of that data allows firms to gain insights into productivity, plan for staffing demands, improve operations,…
Read MoreQBI Deduction: The Impact of Proposed Regulations on Government Contractors
Recently, the U.S. Department of the Treasury and Internal Revenue Service (IRS) issued much-anticipated proposed regulations on the potential 20% qualified business income (QBI) deduction for owners of pass-through entities and sole proprietorships. This proposed guidance provides clarity to certain areas where the statute was vague, but it has also left tax practitioners with some…
Read MoreReducing Capital Gains by Creative Use of SMLLCs and Installment Notes
A popular estate planning technique for estates facing the prospect of incurring federal estate tax has been for a grantor (G) to set up an irrevocable, grantor trust (the Trust) then sell an asset (e.g. an interest in a partnership [PSP]) to the Trust, taking back an installment note. As an irrevocable trust, the asset…
Read MoreChoosing the Right Reservation System for your Restaurant
Love ’em or hate ’em, reservations are a critical facet of the restaurant business. With new advances in industry technology, pen-and-paper reservation systems are looking rather old-school. New trends in data tracking and customer service have made automated restaurant systems more customizable and cost-effective for restaurants of all sizes. Reserving Peace of Mind Reservations provide…
Read MoreCan Tiny Homes & Co-living Help Make Housing More Affordable?
One enduring repercussion of the 2008-09 financial crisis and collapse of the housing market is the hesitancy among consumers to take on mortgages that they’re not sure they can afford over the long term. That’s why more Millennials and other middle-income consumers are looking to alternative housing solutions that sometimes sacrifice space and privacy for…
Read MoreWhat do the 2019 cost-of-living adjustments mean for you?
The IRS has announced its 2019 cost-of-living adjustments to tax items that might affect you. Many of the amounts increased to account for inflation, but some remained at 2018 levels. As you implement 2018 year-end tax planning strategies, be sure to take these 2019 adjustments into account in your planning. Bear in mind that, under…
Read MoreLet Uncle Sam Help You Expand Your Real Estate Portfolio by Utilizing the 1031 Like-Kind Exchange
There are many tax-deferral strategies used by successful investors. One of those tax instruments is the code Section 1031 Like-Kind Exchange. Businesses are able to exchange assets used in a trade or business and defer paying taxes on gains from the sale of real property. Previously, businesses were able were able to exchange personal property…
Read MoreAprio’s Jagruti Solanki Receives 2018 Innovative Practitioner Award from American Institute of Certified Public Accountants and CPA.com
ATLANTA (PRWEB) December 03, 2018 Aprio, LLP, a nationally-recognized CPA-led business advisory firm headquartered in Atlanta is excited to announce that Jagruti Solanki, senior manager, has been selected to receive the 2018 Innovative Practitioner Awardfrom the American Institute of Certified Public Accountants (AICPA) and CPA.com for her role as an early champion of blockchain accounting…
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