Archive for August 2021
Not-For-Profit GAAP: Defining Equity Transfer and Equity Transaction
An equity transfer is a nonreciprocal transfer between related not-for-profit (NFP) organizations, where one of the not-for-profits owns the other or the entities are under common control. They do not require repayment and are effectively a gift. For example, NFP “A” is the parent organization to NFP “B.” NFP “A” transfers resources to NFP “B,” with…
Read MoreFraud Has No Borders
At a glance: The main takeaway: Fraud is a global concern, as evidenced by some of the most famous global fraud cases in modern history. Impact on your business: Continued technological advances and modern fraud techniques mean no business is entirely protected – and the source can come from virtually anywhere. Next steps: As fraud…
Read MoreCross-Border M&A: Section 338(g) Elections After TCJA
338(g) Elections at a glance Schedule a consultation today 338(g) election – the full story: When exploring avenues to grow their business, a U.S. corporate taxpayer may expand offshore by purchasing a foreign business. Similar to a domestic acquisition, an initial structuring question the taxpayer must address is whether to purchase stock or assets of…
Read MoreIs Your Company Equipped for a Ransomware Attack?
At a glance: The main takeaway: Ransomware attacks and cybercrimes are rising rapidly, highlighting the importance of a comprehensive cybersecurity strategy. Most companies are unprepared. A dangerous pattern: Despite the upward trend in cyberattacks, many companies have ineffective cybersecurity teams and fail to prioritize information security within the c-suite – this leaves companies more exposed…
Read MoreReal-World Advice for Adding a Founding Shareholder to Your Company
At a glance The main takeaway: Entrepreneurs and founders often wonder about the best way to reward key employees who have helped build and grow their businesses. Impact on your business: There is a wide range of valuable compensation structures and plans to choose from, but the key is to enlist the help of an…
Read MoreUnderstanding the ERC’s More than Nominal Requirements
At a glance: Claiming the ERC because of partially suspended operations? Contact Aprio’s expert ERC team to assess your eligibility. The full story: Since its inception, the Employee Retention Credit legislation has stated that a company can only qualify due to a partial suspension of operations if the applicable government orders suspended more than a nominal portion of its…
Read MoreAICPA releases TQA on accounting for Shuttered Venue Operators Grant (SVOG) and Restaurant Revitalization Fund (RRF)
The AICPA released Technical Questions and Answers (TQA) 5270.01 Recipient Accounting for Shuttered Venue Operators Grants and Restaurant Revitalization Fund Grants Received Under the Small Business Administration COVID-19 Relief Programs which provides nonauthoritative guidance on the U.S. GAAP accounting for SVOG and RRF. For-profit entities have three options. Currently U.S. GAAP does not addressed for-profit…
Read MoreThe Pulse on the Economy and Capital Markets: August 9–13, 2021
At a glance: Consumers’ concerns over rising Delta variant cases are having a significant impact on the economy, from travel to shipping. Meanwhile, markets are seemingly undeterred and continue to march higher. Though stock market indices are at or approaching all-time highs, many are shifting to the defensive with industries that have more recurring revenues.…
Read MoreTop 5 Digital Transformation Trends for Manufacturers
At a glance The main takeaway: Manufacturers are embracing digital transformation as a way to stay competitive in the marketplace while filling gaps illuminated by the COVID-19 pandemic. Key areas of focus: From predictive analytics to ESG to the IoT, there are five prominent trends manufacturers are prioritizing as they start their digital transformation roadmap.…
Read MoreTips to Attract Top Talent
The buzz around the labor market has been reaching a fever pitch over the past few months. What does this mean for you, as an employer? Watch this video to learn where both employers and employees fit into the current labor market, and what you should be doing to stay competitive and attract the best…
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