The Devil is in the Details (of the Contract): U.S. Tax Court Upholds the Current Definition of “Funded” Research

By Carli Huband | February 10, 2020

By Carli Huband, Partner-in-Charge, R&D Tax Credit Services and Maggie Crow, Senior Technical Writer When it comes to qualifying for R&D credits, the old adage that “the devil is in the details” rings especially true. The IRS has been accelerating its attempts lately to deny taxpayers their R&D credits, so paying attention to key details…

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GSA’s MAS Phase II Mass Mod Released

By Aprio Publisher | February 10, 2020

The General Services Administration (GSA) began releasing mandatory modification #A812 to ALL current GSA schedule holders on January 31, 2020. This modification marks “Phase II” of the Multiple Award Schedule (MAS) consolidation process and transitions current GSA contracts from the 24 legacy solicitations (e.g., IT70, PSS) to the consolidated MAS solicitation. Acceptance of modification #A812…

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States Continue to Adopt Federal SALT Limitation Workaround

By Aprio Publisher | February 7, 2020

In the past year, several states have created a pass-through entity tax (PET) to circumvent the $10,000 cap for the state and local tax (SALT) deduction. Louisiana and New Jersey are the most recent states to adopt such a tax.   Effective December 2017, the Tax Cuts and Jobs Act (TCJA) brought sweeping reform to…

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Aprio’s Expansion in Birmingham Market Prompts Firm to Relocate to New Office Space

By Kayla Harris | February 6, 2020

New space presents opportunity for strategic growth across Alabama Contact: Kayla Harris 770-845-8515 or kayla.harris@aprio.com ATLANTA – Feb. 6, 2020 – Aprio, LLP, a nationally-recognized top 100 CPA-led business advisory firm announced today that the firm’s Birmingham office has relocated to accommodate the firm’s growth and expansion in the Birmingham market. Aprio Birmingham is now…

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Refundable Tax Credit For D.C. Retail Businesses

By Aprio Publisher | February 4, 2020

Businesses in the District of Columbia should not overlook the Small Retailer Property Tax Relief Credit. The term “small retailer” implies a narrow scope of eligible businesses, but the credit applies to more business activities than the program’s name suggests. Plus, the credit is easy to claim and refundable.  For tax years beginning on or…

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