Archive for September 2020
UPDATE to the Draft RFP for CIO-SP4!
The Self Scoring Sheet has been updated on September 25, 2020. There were not many changes however, a few are worth noting! They are: Got questions? Connect with an experienced Aprio advisor today. Schedule a Consultation
Read MoreIs Your Company Eligible for the Employee Retention Credit?
If you aren’t familiar with the Employee Retention Credit (“ERC” ) yet, you probably want to check out the first article in our series on this valuable tax credit opportunity. In short, the ERC is a fully refundable tax credit for companies experiencing severe business disruptions due to COVID-19. Employers can receive up to $5,000…
Read MoreWebinar: The Employee Retention Credit (ERC)
The Employee Retention Credit (ERC) is an important CARES Act benefit that may have been overshadowed by other more widely publicized programs. If you didn’t receive a PPP Loan, you may be able to take a payroll tax credit for qualified wages and other payroll expenses paid to your employees during shutdowns or during a…
Read MoreState & Local Tax (SALT) Newsletter August 2020
https://www.aprio.com/media/newsletters/SALTNews-8-20.html
Read MoreSale of GoDaddy.com Interest Generated Apportionable Business Income in Minnesota
A recent Minnesota Supreme Court decision highlights the principle that when a taxpayer receives income from the sale of an equity interest or of assets in an entity with which it conducts a unitary business, it is difficult to argue successfully that the income is not apportionable business income. By: Jess Johannesen, SALT Senior Manager…
Read MoreVirginia Rules That Separate Charges for Photo Booth Rentals in Party Services Contract Were Taxable
When vendors sell property and services for a single price or pursuant to a single contract, it is important to understand the sales tax implications and how the “true object” test may or may not apply, as explained in this Virginia tax ruling. By: Betsy Tuck, SALT Manager In a recent Virginia tax ruling addressing…
Read MoreSale of Partnership Interest is Taxable under New York City’s General Corporation Tax
The New York City Tax Tribunal sided with the City in ruling that the sale of a partnership interest by a corporation located outside New York should be included in income reported to the City based on the aggregate theory of partnerships, and that the City was not bound by federal principles (at that time)…
Read MoreGeorgia: Summary of Significant Tax Legislation During 2020 Session
The Georgia legislature produced several tax bills during 2020, including favorable changes to its jobs tax credits that should help companies in 2020 and 2021 that have experienced a workforce reduction due to COVID-19. By Jeff Glickman, SALT Partner Despite a 3-month suspension of the legislative session due to COVID-19, the Georgia state legislature enacted several…
Read MoreThree Key Points Healthcare IT Businesses Need to Communicate When Pitching Investors
Innovation in Digital Healthcare and Healthcare IT is a hot ticket item in the capital markets right now, which has its pros and cons. Entrepreneurs who think they have the next big idea know they need to strike while the iron is hot, but this increase in demand means heavy competition. Your chances of winning…
Read MoreHHS Releases Reporting Requirements for Provider Relief Fund Recipients
On September 18, the Department of Health and Human Service (HHS) released post-payment reporting requirements for the Provider Relief Funds (PRF). Any recipients who received PRF of $10,000 or more will be required to demonstrate how they used PRF for allowable expenses and losses. In this article, Aprio will provide details to help you understand…
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