Archive for August 2021
Smart Solutions for Handling Vaccine Policy
Are you unsure about how to handle vaccination status in your workplace? You’re not alone. The topic is complex, sensitive, and difficult to navigate for all business owners, as they make plans to re-enter the office environment. Watch this short video to get all of your vaccination questions answered — from do’s and don’ts for…
Read MoreTips for Returning to the Office
After a turbulent year and the recent rise in COVID-19 Delta variant cases, many companies are debating how to re-enter the workforce and thinking about what the “new normal” looks like for employees. Let Aprio help Need an expert to help guide you through the office return process? Aprio’s People Advisory Services and Talent Solutions teams can provide…
Read MoreThe Infrastructure Bill Proposes Big Changes for the Crypto World. Here’s What You Need to Know.
At a glance The main takeaway: The new bipartisan infrastructure bill that’s making its way through Congress is proposing some changes that have the crypto world buzzing. Impact on your business: If passed, as expected, those who deal in cryptocurrency will be required to report all digital asset transactions to the IRS starting in 2024.…
Read MoreGet Your Top ERC Tax Questions Answered
At a glance Schedule a consultation with our ERC team today The full story: The Employee Retention Credit (ERC) has been a much-needed cash resource for businesses struggling under the weight of the COVID-19 pandemic. But for many businesses one question lingers “Is the Employee Retention Credit taxable?” — especially since the IRS has released…
Read MoreThe Pulse on the Economy and Capital Markets: August 2–6, 2021
At a glance: The COVID-19 Delta strain is a top worry for people all over the world, and recent performance indicates those concerns have made their way to the markets. On the bright side, employment looks promising and service industries are seeing a resurgence. The sectors of the market that are most sensitive to the…
Read MoreService Contract Labor Standards (SCLS) Minimum Health & Welfare Amounts Increased
Effective July 16, 2021, the US Department of Labor (DOL) increased the prevailing health and welfare (HW) fringe rate under the McNamara-O’Hara Service Contract Act (SCA), or Service Contract Labor Standards (SCLS), to $4.60 an hour. The new rate is a $0.06 increase from the previous rate of $4.54 an hour. This rate applies to…
Read MoreMyth: Your Business is Too Small for Digital Transformation
At a glance: The main takeaway: It’s a myth that smaller businesses can’t benefit from investing in digital transformation. In fact, prioritizing technology investments is crucial in today’s market. Know the pain points: Smaller businesses have less room for error, so you need a strategy that works with your struggles, whether it’s lack of time,…
Read MoreData Analytics is Key to Effective Fraud Prevention
At a glance: The main takeaway: Data analytics is the frontier for effective internal anti-fraud controls, but many companies are slow to adopt the more modern approach despite proven results. What’s at stake: Developing an anti-fraud strategy that fails to include data analytics could leave businesses exposed to unnecessary risk and losses. Next steps: Businesses…
Read MoreMaryland Pass-Through Entities Making Entity-Level Election
At the end of June, the Comptroller of Maryland finally released its revised income tax forms to reflect the impact of recent law changes to the state’s new pass-through entity (PTE) election. The Comptroller also extended the filing and payment deadline for tax year 2020 income tax returns from PTE to September 15, 2021. A…
Read MoreDo Owners’ Wages Qualify for the ERC?
At a glance: Don’t let recent IRS guidance jeopardize your credits. Contact Aprio’s ERC team to maximize your credit value and minimize audit risk. With Aprio, you can put those worries about ERC owner wages to rest. The full story: The IRS finally released official guidance on the eligibility of wages paid to business owners and…
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