Archive for October 2020
60-Day Aligning Your Operations Webinar Highlights
SBA Releases Loan Forgiveness Application for PPP Loans $50k or Less
On October 8, 2020, the U.S. Small Business Administration (SBA) released the Interim Final Rule on Additional Revisions to Loan Forgiveness and Loan Review Procedures Interim Final Rules (October 8 IFR). You can read Aprio’s summary of the October 8 IFR here. Concurrently, the SBA issued an alternative loan forgiveness application, SBA Form 3508S. Who…
Read MoreGot Crypto? The IRS Doubles Down on Cryptocurrency Income
In 2019, the IRS initiated a new crackdown on virtual currencies and tax compliance. First, the IRS released new guidance on the taxability of virtual currency – the first in five years. They followed that guidance with the introduction of a new compliance measure included on the Form 1040, Schedule 1 for Additional Income and…
Read MoreSBA Releases Additional Interim Final Rule with Significant Changes to the PPP
On October 8, 2020, the U.S. Small Business Administration (SBA) released the Interim Final Rule on Additional Revisions to Loan Forgiveness and Loan Review Procedures Interim Final Rules (October 8 IFR) which significantly impacts the Paycheck Protection Program (PPP). The purpose of the October 8 IFR is to further simplify (i) the forgiveness and loan…
Read MoreWebinar: How to Prepare for Completing your PPP Loan Forgiveness Application
Your Covered Period is coming to an end and each week more banks are beginning to accept loan forgiveness applications. Now is the time be proactive and prepare for completing your loan forgiveness application. Do you know what your bank is looking for? Watch the webinar now as Aprio’s expert panelists share first-hand experiences and…
Read MoreHHS Now Accepting PRF Phase 3 Applications.
Good news for healthcare providers: the HHS just allocated another $20 Billion to the Provider Relief Fund (PRF) for a Phase 3 General Distribution. With this latest round of PRF, the criteria for determining eligibility has been expanded. Further, providers who previously received PRF payments may be entitled to additional payments. This new Phase 3…
Read MoreHealthcare IT and HIPAA Compliance: Choosing the Right Level Information Risk Management
Compliance with HIPAA and the growing list of privacy and security standards is essential to the growth of Healthcare IT companies. You know that you need to make HIPAA compliance and information risk management a high priority, but how do you choose the right level of risk management and compliance for your company? Determining the…
Read MoreSBA Further Clarifies Deferral of PPP Loan Repayments in FAQ 52
On October 7, the SBA released FAQ 52 to provide clarity regarding the deferral period for payments on Paycheck Protection Program (PPP) loans. At the inception of the PPP, the deferral period could end after six months. With PPP loans funded as early as the first week of April, that six-month period would be ending…
Read MoreAprio Announces Acquisition of Relevant Data Technologies
Aprio, LLP, a nationally-recognized top 50 CPA-led business advisory firm, announced today that it has acquired Relevant Data Technologies (RDT), a provider of electronic discovery (e-discovery) and data management services to law firms and general counsel. The Relevant Data Technologies team will join Aprio as part of the Litigation Support and Forensic Accounting practice, led by Chris…
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