Archive for October 2022
Louisiana Allows Software Developer to Use Manufacturer’s Apportionment Formula
By: Jess Johannesen, SALT Senior Manager At a glance Schedule a free consultation today to learn more! The full story: Is a software developer considered a “manufacturer” of the software that it creates? A recent ruling in Louisiana addresses whether a software developer is entitled to use an apportionment formula for corporate franchise tax purposes…
Read MoreWisconsin Requires Nonresident Withholding in Year of Income Despite Prior Year Losses
By: Jeff Glickman, SALT Partner At a glance Schedule a free consultation today to learn more! The full story: When conducting due diligence on a target, the second most common issue that we address for non-compliance exposure (after sales tax) is nonresident pass-through withholding tax. States generally require pass-through entities to pay withholding tax on…
Read MorePennsylvania Rules that Presence of Amazon FBA Seller’s Inventory Does Not Create Nexus
By: Aspen Fairchild, SALT Senior Associate At a glance Schedule a free consultation today to learn more! The full story: The Commonwealth Court of Pennsylvania recently ruled in favor of a taxpayer, determining that the Fulfillment by Amazon (FBA) seller’s sole contact with Pennsylvania consisting of the presence of marketplace inventory is not sufficient to…
Read More4 Priorities for Business Leaders in the First 100 Days Following an Acquisition
At a glance Schedule a consultation with our team to start building your plan! The full story: After months of hard work and negotiations, a deal successfully closed. But the work is not over. Now is the time to deliver the results you identified in your investment thesis. The first 100 days are a crucial…
Read MoreAprio Announces Firm Foundation Rebrand, Changes Name to Firm Alliance
ATLANTA – Aprio, LLP, a nationally ranked business advisory and CPA firm, announced today that their Firm Foundation program will be rebranded as the Aprio Firm Alliance, effective immediately. The alliance’s rebrand confirms Aprio’s dedication to reaching and connecting with small and mid-sized CPA firms, providing vital resources to scale their business and enhance their capabilities to serve…
Read MoreWant to Give Your Team a Holiday Bonus? Beware of Payroll Tax Risks
At a glance The main takeaway: Many dental practice owners offer cash or checks to their employees during the holiday season yet are unaware of the payroll tax risks that come with those gifts. Impact on your practice: Plan proactively to ensure your cash bonuses are incorporated into your payroll system or explore alternative gift…
Read MoreAprio Manufacturing Brochure
Should Your Business Launch an NFT?
At a glance Main takeaway: Non-fungible tokens (NFTs) are one of the many emerging technologies coming out of the growing blockchain industry. Impact on your business: As consumer interest in NFTs grows, so do their use cases and the benefits to companies looking to capitalize on this growing emerging market. Deciding whether or not an…
Read More2023 Dollar Limits on Compensation and Benefits Announced
The Internal Revenue Service has announced the 2023 cost-of-living adjustments for various limits affecting employee benefit plans. The more common limits are detailed below for 2022 and 2023. Due to the unprecedented inflationary environment, the limits have increased by record amounts. 2023 2022 401(k) & 403(b) Elective Deferrals $22,500 $20,500 Catch-Up Contribution for participants…
Read MoreHow Affordable Housing Developers Can Mitigate Ransomware Threats
At a glance Schedule a consultation with Aprio today The full story: Ransomware continues to be one of the fastest-growing threats in the security space, and the landscape is changing quickly and drastically. Though all organizations are at risk of falling prey to attackers, the affordable housing sector is one of the most vulnerable. That’s…
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