Archive for March 2020
How Will the COVID-19 Crisis Affect the Value of Your Business?
We’ve all witnessed the recent share price volatility in public equities. While there may be some debate about exactly when investors began to price in the impact of the COVID-19 crisis, the downward trend is clear. Year-to-date through March 30, the S&P 500 index had fallen about 19% and the Russell 2000, an index of…
Read MoreWebinar: Unpacking the Economic Stimulus Package: How you Will Benefit
Watch this webinar to see Aprio unpack the historic $2 trillion Coronavirus Aid, Relief, and Economic Security Act, the largest economic stimulus package in modern history and what it means to businesses and individuals. We’ll discuss the key stimulus bill measures including: • Direct payments to taxpayers • The $500 billion lending program for businesses…
Read MoreThe Latest on Tax Filing and Payment Dates
Over the last week, the IRS and U.S. Treasury Department have made a series of announcements to provide tax relief in the wake of the coronavirus pandemic. As of March 30th, here is the latest: 2019 federal tax filing and payment dates: According to IRS Notices 2020-18 and 2020-20, any person with a federal income…
Read MoreThe Coronavirus Aid, Relief, and Economic Security (CARES) Act: What Does it Mean for You and Your Business?
The Coronavirus pandemic in the United States has created an economic crisis unlike anything this country has ever seen before. With widespread efforts to shut down cities and enforce social distancing guidelines, the U.S. economy essentially shuttered overnight. Unemployment claims are skyrocketing, companies are performing mass layoffs, and people everywhere are worrying about how they’ll…
Read MoreWebinar: COVID-19 Cash Flow Bootcamp
Watch Aprio’s COVID-19 Cash Flow Bootcamp to learn cash flow survival strategies to get you through the COVID-19 crisis. You’ll get actionable advice on short and long-term cash flow solutions including: Valuable cash flow strategies to apply to your business today. How to subsidize employee payroll and keep more employees by taking advantage of the new…
Read MoreVital Tips For Construction Contractors Amid COVID-19 Economic Downturn
Despite the paralyzing levels of uncertainty brought on by the coronavirus pandemic, construction contractors need to take proactive steps to safeguard their businesses from the future effects of the crisis. Assuming construction company owners have taken the best possible immediate action to protect field and office workers, attention must now be placed on the following…
Read MoreCOVID-19 Emergency Opens GSA and VA Schedules to State and Local Use
On March 13, 2020, President Donald Trump declared a national emergency in response to the novel coronavirus outbreak (COVID-19) in order to “successfully contain and combat the virus in the United States.” The declaration allows state, local, territorial, and tribal governments (and some educational institutions) to purchase supplies and services from GSA and VA Schedule…
Read MoreOhio Finds that Auto Finance Company’s Receipts are Not “Gross Receipts” Under the Commercial Activity Tax
Ohio’s gross receipts-based Commercial Activity Tax (CAT) excludes from the tax certain categories of receipts, including those from certain financial transactions, so it is important for taxpayers to be aware of the nature of their transactions in order to not overpay their CAT liabilities. By Jess Johannesen, SALT Manager Ohio’s Commercial Activity Tax (“CAT”) is a…
Read MoreA Tax Free Way to Help Your Employees Amid COVID-19
By: Charles Webb and Craig Fisher In response to the terrorist attacks on Sept. 11, 2001, Congress enacted IRC Section 139 to directly aid workers across the country whose lives and families were impacted by the national disaster. The legislation provides preferential tax treatment for “qualified disaster relief payments” by clarifying that relief payments paid…
Read MoreCOVID-19 Market Perspectives
COVID-19 market perspectives: Gain an understanding of the importance of long-term financial planning as we share our perspectives on the current market volatility. We’ll take a look at the Volitility Index (VIX) and discuss how the market has reacted over time.
Read More