Archive for May 2021
The System for Award Management Integration with beta.SAM.gov
The General Services Administration (GSA) has been working to modernize its systems by merging several legacy systems into beta.SAM.gov. The Catalog of Federal Domestic Assistance (CFDA), Wage Determinations Online (WDOL), FedBizOpps (FBO), and the reporting function in the Federal Procurement Data System (FPDS) are already fully transitioned to beta.SAM.gov. The next legacy system to transition…
Read MoreLegal Operations: The Modern Approach to Optimizing Corporate Legal Departments
At a glance: A new approach to corporate legal departments: Recent shifts in technology and service delivery have created the modern legal operations model, prioritizing a more diverse team tackling legal and business needs simultaneously. Know the risks and rewards: Moving to an optimized legal department operations model requires technology and change, but the potential…
Read MoreThe Pulse on the Economy and Capital Markets: May 10–14, 2021
Executive Summary Inflation, inflation, inflation: That is what has been on the market’s mind over the past week, as economic data signaled that inflation is coming in faster than expected, while growth stocks sold off on the news. Expect the unexpected: Dollar stores may be the unlikely beneficiary of consumers’ frayed nerves; meanwhile, employers are…
Read MoreGSA Verified Products Portal (VPP) Implementation
May 17, 2021 – The General Services Administration (GSA) Federal Acquisition Services (FAS) issued a mandatory mass modification, Refresh 6, to all existing GSA MAS Schedule contracts. This new solicitation refresh, #47QSMD20R0001, implements the Verified Products Portal (VPP). The VPP is a manufacturer and wholesaler-facing portal containing authoritative product content that will standardize catalog-data for…
Read MoreAccounting for Public Benefit Companies – What Do You Need to Know?
If you are looking to form a mission driven organization but still retain for-profit status, a Public Benefit Company may be the best option. A Public Benefit Company (PBC) is a corporate form of governance offered by over 30 states. PBCs can take the form of an S Corp or a C Corp, and allow…
Read MoreLost Profits and Your Business’s Road to Recovery
At a glance: The main takeaway: Lost profits are a critical component to litigating and recovering damages following an incident, but appropriately calculating those losses can be challenging. Impact on your business: If your business has suffered damages or operational disruptions, understanding causation and calculating lost profits may be an important step for your company’s…
Read MoreLearn How to Adopt a Stress-Free PCI Compliance Process
At a glance: The main takeaway: For many payment facilitators, the PCI compliance process is notoriously stressful and often inefficient, leading to constant fire drills that disrupt business operations. Impact on your business: By viewing PCI compliance as an iterative process and adopting a more methodical approach, you can eliminate unnecessary headaches and better protect…
Read MoreClaiming the ERC? You Might be Able to Cash In Sooner Than You Planned
30 Second Summary Contact Aprio’s ERC team to determine if filing Form 7200 is right for you. The full story on the ERC advance: Did you know you can receive advance payments for the Employee Retention Credit (“ERC”)? Filing Form 7200allows businesses to request advance payments from the IRS before the close of a quarter. This can…
Read MoreThe Courts Are Reopening: Simple Tips to Prepare for the Next Rush of Cases
At a glance: The main takeaway: COVID-19 dramatically slowed the volume of court cases over the past year, but recent changes signal the potential for impending flood of new cases. Impact on your business: Facing a backlog of civil litigation en masse requires proper planning to manage the volume. Next steps: Prepare for the next…
Read MoreThe Pulse on the Economy and Capital Markets: May 3–7, 2021
Executive Summary Mixed Market News for Tech: Last week, markets were positive globally except for high-valuation, fast-growth technology companies. Disappointing Economic Data: April’s economic data fell short of expectations, slowing the rise in bond yields. Job market data is also conflicting with what management teams said over the course of the first quarter. The Housing…
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