Archive for March 2020
Webinar: Maintaining Financial Stability: Economic Relief & Financial Guidance for 2020 & Beyond
Aprio and Next Generation Manufacturing’s webinar connects manufacturers with finance industry professionals as they share the latest updates on maintaining financial stability during the Coronavirus pandemic. For more information about upcoming webinars, visit the home page of Aprio’s COVID-19 Advisor content hub.
Read MoreCalifornia Imposed Successor Liability on Purchaser of Restaurant Assets
When acquiring the assets of a business, be careful how the transaction is structured or you may be deemed to be a business successor that is liable for the predecessor’s sales taxes. By Betsy Tuck, SALT Manager Are you considering buying the assets of a business? Have you considered that you may be responsible for…
Read MoreFlorida 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…
Read MoreInternal 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…
Read MoreNavigating 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…
Read MoreBusiness 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…
Read MoreCoronavirus Cash Flow Ideas: Retirement Plan Strategies
Have you considered how your retirement plan could help with your small to mid-sized business’ cash flow? Aprio’s John Bly discusses strategies you can use today to prevent cash flow issues during these unprecedented times.
Read MoreCOVID-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…
Read MoreABCs 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…
Read MoreGovernment 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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