Archive for October 2020
State & Local Tax (SALT) Newsletter September 2020
https://www.aprio.com/media/newsletters/SALTnews-9-20.html
Read MoreMissouri Issues Ruling on Taxability of Purchased and Stored Gift Cards
Even though the sale of gift cards to consumers is not subject to sales tax since those transactions are treated as the sale of intangible property, retailers are generally taxable on their purchase of those cards. By: Tina M. Chunn, SALT Senior Manager How sales tax is applied to the sale of a gift card…
Read MoreArkansas Ruling Treats Short-Term Car Rental Platform as a Marketplace Facilitator
As the sharing economy continues to expand, businesses that create online platforms to facilitate those transactions may be required to collect sales and use tax under economic nexus and marketplace facilitator rules. By: Betsy Tuck, SALT Manager The sharing economy is everywhere. Where there is a good or service to sell and a buyer, there…
Read MoreNorth Carolina: Summary of Significant Income and Franchise Tax Legislation During the 2020 Session
The North Carolina legislature enacted a tax reform bill that made several changes to the state’s income tax code to address conformity with recent federal tax legislation. By: Jeff Glickman, SALT Partner On June 30, 2020, North Carolina Governor Roy Cooper signed House Bill 1080, which made many changes to the state’s tax code. Some…
Read MoreCalifornia Enacts Small Business Jobs Tax Credit
The state of California enacted a jobs tax credit for small businesses that increase employment in the second half of this year. Taxpayers that qualify will need to act quickly to claim their share of the credit before the statewide credit cap is reached. To reward small businesses that have increased jobs during COVID-19, California…
Read MoreThree Top Healthcare IT Growth Trends for 2021 and Beyond
The impact of COVID-19 on the American healthcare system is undeniable. From the explosive growth of telehealth services to the technological revolution of the customer experience, the healthcare industry in 2020 is a whole new world for both patients and providers – and it’s likely here to stay. So, as we head into 2021, how…
Read MoreRaising Capital on Zoom v In-Person
COVID has added new layers of complexity to the already complex capital raise experience for technology companies. In this 1-minute clip from Aprio’s Raising Series A and B during COVID Webinar, Philip Lewis from Fulcrum Equity Partners shares his opinion on in-person v. zoom-based relationship building.
Read MoreAre Your GSA Labor Categories Setting you up for Failure?
Many contractors start to panic when they receive a notice from the General Services Administration (GSA) that it is time for a Contractor Assessment or Office of Inspector General (OIG) Audit. Service contractors have the added stress of ensuring all personnel who performed the work meet the minimum labor category requirements. Labor qualification compliance is…
Read MoreNew Stats Underscore the Value of UK R&D Tax Credits
Each year, Her Majesty’s Revenue & Customs (HMRC) in the UK releases an in-depth compilation of statistics analyzing UK R&D Tax Credit claims from prior years. While these reports always provide useful insights into the relevant use and benefits of the credit, the 2020 edition provides a particularly positive outlook. More companies are benefitting than…
Read MoreWebinar: Unpacking PPP Loan Forgiveness – What You Need to Know for Maximizing Forgiveness
Contact an Aprio Advisor for PPP loan forgiveness by filling out the form below. Your Covered Period is coming to an end, and you are getting ready to complete your loan forgiveness application. But it seems like every week there’s a change in the Paycheck Protection Program rules. Have you kept up with the changes…
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