Archive for May 2021
Top 3 Tips for Powering your E-Commerce Company with Data Analytics
At a glance: The main takeaway: Data analytics are essential to a successful e-commerce business, but only when used correctly. What’s at stake: Failing to use the full power of modern data analytics and technology solutions could mean you’re missing critical insights into your company’s performance. Next steps: E-commerce companies need to reassess their data…
Read MoreWhat is the Difference Between a Procurement and a Subrecipient?
For audits under Uniform Guidance, one of the more common errors relates to making the distinctions between procurements through contractors or subcontractors, and subawards through subrecipients. Both of these relate to payments going out to another entity for work performed on an agreement, but there are key differences between the two. What are the main…
Read MoreHow to Maximize your ERC and R&D Credit Values
At a glance: Don’t undermine your business’s potential benefits or risk non-compliance by failing to strategize your tax credit approach. Aprio can help you create a holistic tax credit strategy that’s always aligned with the latest official guidance. The full story: With potential credit values of up to $33,000 per employee across 2020 and 2021, the…
Read MoreVideo: Transforming your Dental Practice with Data, Automation and AI
Technology and artificial intelligence can create greater efficiencies and eliminate common operational errors — and with the right guidance, you can use both capabilities to boost economic growth in your dental practice. Watch Aprio’s Dental Partners and industry experts as they explain how you can leverage data, automation and artificial intelligence to solve common challenges…
Read MoreTax-Efficient Retirement Planning Tips for Dental Practice Owners
At a glance: Plan Today for Tomorrow: Though your business is your true passion and life’s work, it’s also important to develop a plan for what life after dentistry looks like. Slash Your Tax Bill: Not only will saving for retirement help you achieve your bucket-list goals, but it will also help reduce your business’s…
Read MoreThere’s No Free Lunch: What PPP borrowers should be aware of to avoid future problems
At a glance: The Main Takeaway: Between the pressure to distribute funding and the vast increase in the number of new applications, the Paycheck Protection Program (PPP) is ripe for fraud. Impact on Your Business: If you don’t have a solid understanding of the PPP, then you’re at risk for either breaking the rules or…
Read MoreWhat Should be Included on your SEFA?
Under Uniform Guidance, entities that expend more than $750,000 in federal funds are subject to a single audit. This requires the auditee to prepare a Schedule of Expenditures of Federal Awards (SEFA). SEFA is a schedule that will show the financial statement user the expenditures by federal fund for the fiscal year and is used…
Read MoreIRS Addresses Bitcoin Cash Fork, Four Years Later
At a glance: IRS announcement: In line with previous announcements, the IRS reiterated their position that taxpayers who received Bitcoin Cash following the hard fork in 2017 must report the value as taxable income. What it means: Cryptocurrency investors need to be diligent in reporting all virtual currency transactions (including the receipt of newly created…
Read MoreThe Pulse on the Economy and the Capital Markets: 4/26/21 – 4/30/21
Executive Summary Earnings and sales: While S&P earnings position Q1 as one of the best in decades, the market continues to be cautious with little or no movement as reports are released. Prices and spending increase: While prices continue to rise due to supply chain challenges, consumer spending is not slowing. Semiconductors hold up production:…
Read MoreWebinar: How to Benefit From the New COVID Relief Package
The American Rescue Plan Act of 2021 provides additional relief to address the continued impact of COVID-19 on the economy. Watch the webinar hosted by Aprio and the Belgian American Chamber of the South, to gain a better understanding of the significant tax provisions available to both individuals and businesses, plus ways you can leverage…
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