Archive for May 2020
New Guidance from the Federal Reserve Expands Eligibility for the Main Street Lending Program
The Federal Reserve announced new guidance on Thursday, April 30, 2020, that expanded the reach of the Main Street Lending Program, one of the many new programs established to help American businesses survive the pandemic. In the news release, the Federal Reserve expanded eligibility requirements and lowered minimum loan sizes in an effort to extend…
Read MoreWebinar: Unpacking the New Main Street Lending Program Loans and Expanded Eligibility Requirements
Watch the webinar now as Aprio, Synovus and Smith, Gambrell & Russell unpack the new Main Street Lending Program loans and expanded eligibility requirements. The Federal Reserve announced new guidance on Thursday, April 30, 2020, that expanded the reach of the Main Street Lending Program (MSLP) to extend support to even more small-and-medium-sized businesses. Learn…
Read MoreArizona and Ohio Cases Remind Responsible Parties of Personal Liability for Sales and Withholding Taxes
As businesses affected by COVID-19 assess whether to take advantage of state sales and payroll tax relief, recent cases serve as an important reminder that responsible individuals can be held personally liable for non-payment of these taxes. By: Jess Johannesen, SALT Manager While responsible party laws are not a new concept (refer to prior SALT…
Read MoreArkansas Ruling Addresses Sales Taxation of Digital Products
Over half of the states impose sales tax on digital products, and this Arkansas revenue legal counsel opinion explains the application of the state’s rules to certain digital products. By: Kristen Mantilla, SALT Associate Technology has changed the way that consumers purchase goods and services. We said farewell to Tower Records, Blockbuster, and to some…
Read MoreWashington Court Holds that Lending Marketplace Sources Revenue to Lender’s Location, Not Borrower’s
State apportionment rules that source service revenues to the state where the customer receives the benefit of the service are subject to different interpretations, as illustrated by this Washington Court of Appeals case applying its rule to revenues received by an online lending marketplace. By: Jeff Glickman, SALT Partner For service companies, the revenue sourcing…
Read MoreSouth Carolina: Online Peer-to-Peer Vehicle Rental Platform Business is a Marketplace Facilitator
With approximately 40 states imposing sales tax obligations on marketplace facilitators, guidance such as this private letter ruling from South Carolina makes clear that these rules don’t just apply to Amazon, Etsy, and Walmart. By: Tina M. Chunn, SALT Senior Manager As states have enacted sales tax economic nexus rules in the last two years in response…
Read MoreWebinar: Unpacking the Main Street Lending Program for Mid-Sized Businesses
Watch the on-demand webinar now as our expert panelists unpack the Federal Reserve’s new $600 billion Main Street Lending Program. The Main Street Lending Program is designed to provide access to capital due to disruptions caused by the coronavirus pandemic in the form of four-year loans to businesses employing up to 10,000 employees or with…
Read MoreWebinar: Raising Seed/Series A Capital during COVID: VC’s from across the Country Provide Insight
Watch the webinar as our expert panelists discuss how the pandemic is changing the landscape of how VC’s are investing. Founders looking to acclimate to the new “business as usual” workplace culture, will hear directly from key sources on how to prepare for important decisions down the road. During the webinar, our VC panel will…
Read MoreState & Local Tax (SALT) Newsletter April 2020
https://www.aprio.com/media/newsletters/SALTnews-04-20.html
Read More5 Ways for Manufacturers to Preserve Capital During the COVID-19 Recession
For manufacturers trying to navigate the havoc COVID-19 has wreaked on the American economy, capital is king. Orders are slowing down and distribution is becoming more challenging, so manufacturers need to be more creative than ever in preserving capital to keep their doors open. How do you preserve capital during a global health and economic…
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