Archive for September 2021
Aprio Launches a National Alliance with Transition of RSM Firm Foundation Program
ATLANTA, September 30, 2021 — Today, Aprio, LLP, a top business advisory and CPA firm, announced RSM’s Firm Foundation program will transition to Aprio as a key driver for expanding Aprio’s partnership program with independently owned CPA firms nationwide. On Dec. 1, 2021, Aprio will adopt the Firm Foundation model and aggressively expand it as a national…
Read MoreAgency Transactions
According to US GAAP, an agency transaction is a transaction in which the reporting organization acts as an agent, trustee or intermediary for another party. Nonprofit entities may also act as agents, trustees or intermediaries by facilitating donations from one entity to another. When a nonprofit acts in such a capacity, the nonprofit does not…
Read MoreThe Pulse on the Economy and Capital Markets: September 20–24, 2021
At a glance Last week, markets opened down as the Evergrande debt crisis loomed, by week’s close, US markets were up as the Fed announced decreasing bond purchases. The economy indicates continued growth – but slowing. Spiking input costs are causing lost sales and potentially pinching margins as companies raise prices to try to mitigate…
Read MoreState and Local Tax (SALT) Newsletter September 2021
https://info.aprio.com/aprio-salt-newsletter-must-know-tax-news-for-your-business
Read MoreHawaii Tax Ruling Signals Tax Liabilities for Remote Workers and their Employers
By: Tina M. Chunn, SALT Senior Manager At a glance The main takeaway: Individuals who have worked remotely in different states since the beginning of the pandemic, and the businesses the employ them, may face new state tax burdens and increased complexity. Why it matters to you: Your business may be subject to tax obligations…
Read MoreForm Over Substance Prevails in a Pennsylvania Real Estate Transfer Tax Case
By: Jess Johannesen, SALT Senior Manager At a glance The main takeaway: Taxing authorities typically look to the substance of a transaction, as opposed to the form, to determine tax consequences, although there are exceptions in non-income-tax cases. Why it matters to you: As a taxpayer, you must structure the form of your transactions properly…
Read MoreProtection from State Income Tax Nexus Under P.L. 86-272 Just Got More Difficult
By: Jeff Glickman, SALT Partner At a glance The main takeaway: The Multistate Tax Commission recently approved revisions to its interpretation of Public Law 86-272, which has state income tax nexus implications for taxpayers. Why it matters to you: This revision will likely cause more businesses to lose their immunity from state income tax nexus…
Read MoreProviding SaaS and a Free Mobile App are Not Subject to Indiana Sales Tax
By: Aspen Fairchild, SALT Senior Associate At a glance The main takeaway: A new ruling from the Indiana Department of Revenue suggests that SaaS products and corresponding mobile applications are not subject to sales tax. Why it matters to you: If you’re a SaaS provider and offer downloadable software or mobile apps, this could potentially…
Read MoreWill Your ERC Hold Up to an Audit?
At a glance: Contact Aprio today and learn how more about how our ERC team calculates and documents your credits all at once. The full story: Claiming the Employee Retention Credit (ERC) involves far more than just crunching numbers. Employers must navigate a complex web of qualification guidelines – such as qualified wages, employer size status, partial suspension, more than…
Read MoreDental Risk Management: 3 Steps for Managing Risk in Your Dental Practice
At a glance: Don’t let unmanaged risk be the downfall of your practice. Schedule a no-obligation risk management consultation with Aprio’s Enterprise Risk Management Team. The full story: Most dental practice owners think of risk as something inherently bad, but it’s time to consider a different perspective. Risk is only bad for your practice when it…
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