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When Can You Apply for PPP Loan Forgiveness?
As many PPP loan recipients are nearing the end of their 24-week Covered Period, we have observed an increased level…
Are Stock Options Right for Your Startup Company?
Since the early days of Silicon Valley, startup technology companies have relied on stock options to lure new talent. The…
IRS Issues New Guidance on Reporting PPP Loan Forgiveness
As more recipients of the PPP loan take steps towards receiving the loan forgiveness provided through the CARES Act, the…
UPDATE to the Draft RFP for CIO-SP4!
The Self Scoring Sheet has been updated on September 25, 2020. There were not many changes however, a few are…
Is Your Company Eligible for the Employee Retention Credit?
If you aren’t familiar with the Employee Retention Credit (“ERC” ) yet, you probably want to check out the first…
Sale of GoDaddy.com Interest Generated Apportionable Business Income in Minnesota
A recent Minnesota Supreme Court decision highlights the principle that when a taxpayer receives income from the sale of an…
Virginia Rules That Separate Charges for Photo Booth Rentals in Party Services Contract Were Taxable
When vendors sell property and services for a single price or pursuant to a single contract, it is important to…
Sale of Partnership Interest is Taxable under New York City’s General Corporation Tax
The New York City Tax Tribunal sided with the City in ruling that the sale of a partnership interest by…
Georgia: Summary of Significant Tax Legislation During 2020 Session
The Georgia legislature produced several tax bills during 2020, including favorable changes to its jobs tax credits that should help…
Three Key Points Healthcare IT Businesses Need to Communicate When Pitching Investors
Innovation in Digital Healthcare and Healthcare IT is a hot ticket item in the capital markets right now, which has…
HHS Releases Reporting Requirements for Provider Relief Fund Recipients
On September 18, the Department of Health and Human Service (HHS) released post-payment reporting requirements for the Provider Relief Funds…
The Employee Retention Credit Can Provide Up to $5k per FTE Oct. 31 2020
Businesses that either did not receive a loan through the Paycheck Protection Program (“PPP”) or that repaid their PPP in…
Weighing the Risks of a Technology M&A Transaction During the Pandemic
Technology companies and startups have historically thrived off M&A transactions, but the pandemic has added a new layer of uncertainty…
New Rules for Donors to State Credit Funds
In August 2020 the IRS issued final regulations on the state and local payments made to charitable entities that are…
The U.S. Department of Health and Human Services (HHS) has extended the deadline for Phase 2 General Distribution funding.
The new deadline for medical and dental practices to file application is Sunday, September 13, 2020. Apply Here The Phase…
The Fundamentals – Pulse on the Economy and Capital Markets: 8/31/20 – 9/4/20
Executive Summary Ahead of the holiday weekend, the employment and manufacturing numbers showed the rebound continues, though the headline employment…
3 Things to Know About Section 139 – It Might be Easier Than You Think to Support Your Employees Through COVID-19
While Congress continues to debate new stimulus legislation for those impacted by COVID-19, there are some alternative options already available…
Planning Your Healthcare IT Capital Raise: Investor and Innovator Perspectives
The seemingly never-ending pandemic has created widespread changes in the corporate world, but perhaps none quite so drastic (or with…
Hurricane Laura Alert: Aprio Stands Ready to Provide Insurance Loss Services
Hurricane Laura is expected to cause nearly $25 Billion in damage, one of the costliest storms in U.S. history. If your…
D.C. Council Eliminates Most QHTC Tax Incentives
The District of Columbia’s Fiscal Year 2021 Budget Support Emergency Act of 2020 (A23-0404), which received Mayoral approval on August…
Federal Reserve Updates Main Street FAQs
On August 24th, 2020, the Federal Reserve Bank of Boston amended both the for-profit and nonprofit organization Main Street Lending…
Virginia Rules that Individual is a Dual Resident but is Entitled to Claim a Credit for Taxes Paid to the Other State
Due to the state rules that determine residency for income tax purposes, an individual could be a resident of two…
Tennessee Rules That Live Online Class is Not Taxable but Self-Paced Online Class Is Taxable
A recent Tennessee ruling addressing the application of sales tax to online live and self-paced education courses highlights that the…
Best Buy Owes Illinois Sales Tax on Installation Contracts
An Illinois Court of Appeals decision concluded that just because Best Buy enters into contracts with customers to install appliances…
Ohio Concludes that Taxpayer’s Survey Respondents Service is Subject to Sales Tax
As businesses provide more services through technology and software platforms, it becomes essential to consider the sales tax implications, because…
The Deadline for MAAP Repayments is Approaching – Is Your Practice Prepared?
From supply shortages to revenue shortfalls, hospitals and healthcare providers have continued to face unprecedented challenges throughout the COVID-19 pandemic….
Paycheck Protection Program Update: Don’t Forget the Forgiveness!
Last Updated: August 24, 2020 The Paycheck Protection Program (PPP) was created on March 27, 2020 when President Trump signed…
COVID-19 Pandemic Impact on Subsequent Events Assessment
As we continue to battle the uncertainties of the coronavirus pandemic (COVID-19), economic and business disruptions have been prevalent. They…
COVID-19 Pandemic Impact on Going Concern Evaluation
The coronavirus pandemic (COVID-19) has been an unprecedented public health threat for all of us. Significant developments and spread of…
COVID-19 Pandemic Impact on Lease Concessions
The impact of the Coronavirus pandemic (COVID-19) on entities continues with a lot of unknowns related to its future effects….
COVID-19 Pandemic Impact on Revenue Recognition
While coronavirus, COVID-19, continues to impact companies and organizations in the short-term, the long-term impacts remain largely unknown. Companies should…
Three Important Clarifications in the SBA’s August 24th Interim Final Rule for PPP
On August 24, 2020, the U.S. Small Business Administration (SBA) released another update to the Paycheck Protection Program (PPP), the…
Proposed Regulations for Carried Interest – Is It Time to Analyze Business Strategies?
When the Tax Cuts and Jobs Act of 2017 introduced the new carried interest rules through IRC Section 1061, it…
IRS 2019 Tax Correspondence Delays – What You Should Do
Did you make a tax payment via check leading up to the 7/15 extended IRS due date? Many taxpayers did….
How to Navigate an M&A Transaction with a PPP Loan
As the reality of the pandemic and its longevity begins to sink in for American business owners, many are realizing…
The Impact of Section 889 on Federal Grant Recipients
On August 13, 2020, the Final Guidance added part 2 CFR 200.216 to align regulations for grant recipients with Section 889 of the John S….
IRS 2019 tax correspondence delays – what you should do.
Did you make a tax payment via check leading up to the 7/15 extended IRS due date? Many taxpayers did….
Georgia Enacts Significant Procedural Changes to the Film Tax Credit
On August 4, 2020, Governor Kemp signed into law H.B. 1037, which enacts significant procedural changes to the state’s film…
The President’s Executive Order on Payroll Tax Deferment – What You Need to Know
President Trump signed a series of Executive Orders on Saturday, August 8, 2020, that extended new relief to Americans impacted…
3 Updates you Need to Know About Business Interest Expense Deduction Limitations
On July 28, 2020, the Treasury and IRS published several pieces of regulation and guidance that will have a significant…
SBA Releases First Set of Frequently Asked Questions on PPP Loan Forgiveness
After a six-week hiatus, the U.S. Small Business Administration (SBA) released new guidance for Paycheck Protection Program (PPP) loan borrowers….
Preparing for the Next Transaction
More than half of transactions that make it to a letter of intent fall apart during due diligence. There are…
Georgia and Arkansas Issue Opposite Sales Tax Rulings for Owner of Electric Car Charging Stations
A taxpayer received opposite rulings from Georgia and Arkansas regarding the applicability of sales tax on charges to customers that…
Tennessee Ruling Concludes that Certain Audio and Visual Services Constitute Taxable Digital Products
A recent Tennessee Revenue Ruling explains the application of the state’s sales tax on digital products to the taxpayer’s audio/visual…
New York Concludes that Loss on Liquidation of Partnership is Not New York Source Income
New York has a unique rule for nonresident individuals regarding the sourcing of gain/loss on the sale of equity interest…
Missouri Court Applies Integrated Plant Doctrine to Manufacturing Exemption
States typically provide exemptions for manufacturing machinery and equipment, include repair and replacement parts, but the breadth of those exemptions…
Provider Relief Fund Recipients May Require Single Audit
The Provider Relief Fund is a $175 billion allocation from the CARES Act to the Department of Health and Human…
HHS Deems Provider Relief Fund Distributions Taxable
Announcement could affect healthcare practitioners’ tax liability Many medical providers have taken advantage of the Provider Relief Fund, a part…