Archive for June 2021
State & Local Tax (SALT) Newsletter June 2021
https://info.aprio.com/aprio-salt-newsletter-dont-miss-the-mark-on-employment-tax-obligations
Read MoreEmployee Retention Credit: Are U.S.-based Subsidiaries of International Companies Eligible?
At a glance: Contact Aprio to find out if you qualify. The full story: At the end of 2020, the Consolidated Appropriations Act introduced several changes to the Employee Retention Credit (ERC), making many new businesses eligible to reap the benefits of the program. And if your business is a U.S.-based subsidiary of an international company, you…
Read More7 Key Real Estate Insights for Q2 2021
It has been an exciting and busy quarter for the real estate market. Scroll down for a special look into Multi-Family and Self-Storage Values. In residential real estate, affordability for residential housing is strong, with four quarters of growth in a leading residential housing indicator. We expect positive trends to continue over the next year.…
Read MoreAllocable vs. Apportionable Income: a New Virginia Tax Ruling Tackles the Topic
By: Betsy Goldstein, SALT Manager At a glance: The main takeaway: The tax treatment of the gains from business sales as either apportionable or allocable income differs from state to state. Impact on your business: States like Virginia do not have traditional definitions of apportionable vs. allocable income, which can make the process of classifying…
Read MoreCalifornia: Taxpayer’s Out-of-State Activity Did Not Change Residency Prior to Sale of Stock
By: Tina M. Chunn, SLAT Senior Manager At a glance: The main takeaway: A recent case out of California shows that changing state residency is not a cut-and-dry issue. Impact on your business: You need to affirmatively abandon your “old” state of residence when moving to a new state to avoid complex and costly tax…
Read MoreNew Indiana Ruling Puts a Spotlight on the Sourcing of Product Sales vs. Services
By: Aspen Fairchild, SALT Associate At a glance: The main takeaway: We revisit a recently reversed Indiana case that highlights the importance of product sales versus services for state income tax purposes. Impact on your business: The ruling underscores the complexities surrounding the application of correct apportionment sourcing rules for taxpayers that provide services closely…
Read MoreMobile Workforce Protection Reintroduced in Congress, Enacted in West Virginia and Louisiana
By Jeff Glickman, SALT Partner-in-Charge At a glance: The main takeaway: Now that business travel is opening back up and more employees will be performing services in multiples states, federal and state lawmakers are contemplating legislative protections for mobile workers and their employers. Impact on your business: There are potentially costly state tax implications of…
Read MoreSmart Cash Flow Tips to Pay Yourself and Your Practice
In this video, you’ll learn: How to avoid having a “one-size-fits-all” financial plan and strategy Ideas for utilizing excess cash liquidity in your personal financial plan and practice Contact Aprio’s National Dental Team to learn more. “One size doesn’t fit all.” When it comes to your personal finances and dental practice, the decisions that worked…
Read More4 Reasons Why You Should Outsource Your Payroll
Schedule a meeting with Aprio People Advisory Services to learn more about outsourced payroll. The full story: Are you spending way too much time on payroll? Do you lose sleep worrying about potential mistakes or slip-ups that could negatively affect your employees? Count yourself among many time-pressed business owners who struggle with payroll. But you…
Read MoreThe Pulse on the Economy and Capital Markets: June 21–25, 2021
Executive Summary Market mood swings: After a turbulent stretch, markets were higher last week, bolstered by another Fed announcement and the news of a bipartisan infrastructure bill. Hot trends in IPOs, housing: The global IPO market has never been stronger, while we continue to see high demand in residential housing. A busy summer awaits: New…
Read More