Archive for May 2021
Aprio Launches The Aprio Advisory Podcast
Discussing emerging trends, topics and stories that influence the world’s top-performing middle-market businesses ATLANTA – June 1, 2021 – Aprio LLP, a nationally recognized business advisory and certified public accounting firm, announced today the launch of The Aprio Advisory podcast. The podcast will address economic, industry and culture trends and best practices, serving as a…
Read MoreNew York: Charges Incurred Through Tableside Tablet Content Are Now Taxable
By: Aspen Fairchild, SALT Associate At a glance: The main takeaway: Tableside mobile tablets have become a mainstay at many restaurants across the U.S., but there is confusion around how charges for using them should be taxed. Impact on your business: This ruling is just an example of a broader reminder that businesses need to…
Read MoreAn Update on the Wayfair Decision: And Then There Were None
By: Jeff Glickman, SALT Partner At a glance: Wayfair news: As we approach the three-year anniversary of the South Dakota v. Wayfair, Inc. decision, the last three states without a sales tax economic nexus rule have finally joined the party. Know your requirements: If you conduct a multistate business, you need to be well-versed in…
Read MoreWashington Businesses: Gross Receipts May Include Customer Reimbursements, Limiting Deductions
By: Tina M. Chunn, SALT Senior Manager At a glance: The main takeaway: A new ruling out of Washington suggests that customer reimbursements may be included in gross receipts. Impact on your business: This case calls into question B&O tax deductibility for certain Washington-based businesses. Next steps: Aprio’s State and Local Tax (SALT) team has…
Read MoreVirginia Ruling Explains Documentation Requirement for Electronic Delivery of Software
By: Jess Johannesen, SALT Senior Manager At a glance: The main takeaway: A new sales tax ruling out of Virginia addresses in-depth documentation requirements for electronically delivered software purchases. Impact on your business: If your business does not have sufficient documentation to support a sales tax exemption, your tax bill could take a hit. Next…
Read MoreHow to Use Multiple Lookup Criteria in a XLOOKUP Excel Formula
Microsoft Office’s newest iteration of Excel in Office 365 introduces “dynamic array formulas” such as FILTER, SEQUENCE, SORT, UNIQUE and XLOOKUP. XLOOKUP is a new “lookup” type formula. It is predated by the VLOOKUP/HLOOKUP, INDEX-MATCH and LOOKUP formulas. Pre-XLOOKUP, lookups with multiple criteria were complex and not user-friendly; now they’re simple and easy to do.…
Read MoreAprio Launches 10-year Partnership with Operation HOPE’s 1MBB Initiative
Partnership empowers Black entrepreneurs with vital financial skills to build thriving businesses ATLANTA – May 26, 2021 – Aprio, LLP, a nationally recognized, business advisory and CPA firm, announced today that it has launched a 10-year partnership with Operation HOPE’s One Million Black Businesses (1MBB) initiative, which will include providing business and financial advisory as…
Read MoreThe Pulse – What’s happening in the Economy and the Capital Markets: May 17-21
Executive Summary Buy the rumor, sell the news: From sideways stocks to bond intimidation, there’s a lot going on in the global financial markets. One of the biggest stories: a sell-off in cryptocurrency. Things are heating up: Though inflation is still a big concern, many businesses feel optimistic that the economy will only grow stronger…
Read MoreMultinational Businesses: Will Your COVID Relief Funds Impact Your R&D Incentive Claims?
At a glance: Can You Benefit from Both? Many businesses in the U.S. and the U.K. wonder whether they’re eligible to reap the benefits of the R&D tax credit and various government-backed COVID-19 relief programs. Play Your Cards Right: Though most businesses can accept funding from both sources, there is a variety of caveats and…
Read MoreWorkshop: GASB 87 – The New Lease Accounting Standard, What You Need to Know
Got questions about GASB 87? Watch the video as expert, Jason Parker, explains what you need to know and do about GASB 87. In the video, we highlight the differences between GASB 87 and previous accounting standards for state and local governments. You’ll get details on the asset types and contracts that may be scoped…
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