Florida Applies “Income Producing Activity” Rule to Source Service Revenue to Customer Location

The cost of performance rule for sourcing service revenue when calculating the sales factor of the apportionment formula generally assigns service revenue to the state(s) where the services are performed, but a number of states are narrowly interpreting those rules to create a market-based sourcing result. By Kristen Davis, SALT Associate For purposes of calculating…

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Internal Controls in a Remote Workplace Environment

In an effort to #flattenthecurve of the coronavirus pandemic, many workplaces are going 100% remote. Every business should ensure that changes in workplace environments do not disrupt an organization’s internal controls. Here are five ways to keep internal control processes functioning in a newly remote workplace environment: Even the best controls have limitations, but every…

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Navigating the Impacts of the Coronavirus on Your Dental Practice

From best practices for dealing with staff and supplier concerns to breaking down the Coronavirus tax relief package, this webinar will prepare you to minimize the impact of this unprecedented pandemic on your dental practice. If you need assistance from Aprio to discuss creating personal and business cash flow projections over 30-60-90 days, please email…

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Business Interruption Insurance and COVID-19: What You Need to Know

As businesses across the U.S. begin to assess their current and future losses sustained due to COVID-19, many are raising questions about whether their business interruption (BI) insurance policies, and others, will cover any potential losses. The definition of “damages” – Here is what we know*: Business Interruption Insurance: BI insurance is intended to compensate…

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COVID-19: State and Local Tax Implications.

As we all are aware, COVID-19 has affected individuals and businesses on a global scale.  Here in the United States, it is clearly not “business as usual,” and the federal and state governments are taking actions to bring some relief, both economic and non-economic, to those impacted.  From a state and local tax perspective, state…

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ABCs to Account for COVID-19 Sick Leave

On March 18, 2020, the Families First Coronavirus Response Act was enacted into law and will go into effect on April 2, 2020. What does that mean for companies and what should be done to prepare the accounting system to record and track these types of costs? The first recommended step is to establish at…

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Government Contractors Should Be Prepared to Invoke the Excusable Delays Clause

The coronavirus pandemic is adversely affecting the economy and government contracting is no exception. Aprio predicts that some contracts will be terminated and many contractors will be issued stop-work orders for nonessential employees, especially for work done at government facilities. However, it is also likely there will be contracts the government wants to continue that the contractor…

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