All Articles
Webinar: Unpacking PPP Updates from the Latest Stimulus Bill
The Consolidated Appropriations Act, 2021 (the Act) was passed by Congress on December 21 and includes some significant changes to…
Education 2021 & Beyond MA&A Webinar
As 2020 fades into the rear-view mirror, gain a competitive advantage in 2021 with Aprio’s webinar series: What’s Next –…
Congress Makes Business Meals Temporarily 100% Deductible
When Congress passed the Tax Cuts and Jobs Act (TCJA) in 2017, it significantly limited the tax benefits available to…
Enhancements to the Employee Retention Credit
Monday, December 21st, 2020, Congress passed the Consolidated Appropriations Act of 2021 (the Act) which included several enhancements to the…
Tax Implications of PPP Funds Finally Align with Congressional Intent
On December 20, 2020, Congress agreed to terms of the Emergency COVID Relief Act of 2020 (the Act). The Act,…
Tennessee Issues Ruling on Survival of Net Operating Losses After Merger
When engaging in corporate mergers and acquisitions, including internal reorganizations, it is important for companies with state tax benefits, such…
New York Rules that Fees for Access to an Online Course Library are Not Subject to Sales Tax
With the rise in online learning, businesses offering these products and services need to be aware that the features offered…
IRS Approves Deduction for Entity-Level Income Tax Payment Made by Pass-Through Entities
In response to the $10,000 SALT deduction limitation under the Tax Cuts and Jobs Act, several states enacted pass-through entity-level…
Partner is Subject to California $800 LLC Fee Based on Flow-Through of Partnership Factors
When determining if a limited liability company is doing business in California and owes the $800 LLC Tax, it must…
CARES Act Reporting Requirements for Provider Relief Funds
The Department of Health and Human Service (HHS) reporting portal for Provider Relief Funds (PRF) opens on January 15, 2020…
Important Changes to 1099 Filing Process
The IRS has made changes to the annual 1099 filing process that most employers have become accustomed to. These changes…
3 Tech Growth Strategies For 2021 To Navigate Uncertainty
In a normal year, companies would use the final few months to set new goals and plan for the next…
CARES Act Enhances Ability to Claim Charitable Deductions for Donated Food Inventory
With the Coronavirus Aid, Relief, and Economic Security (CARES) Act being signed into law on March 27, 2020, Congress added…
AICPA Pushes Back on PPP Loan Necessity Questionnaire Response backed by 80 National Organizations
We previously discussed the U.S. Small Business Administration’s (SBA) issuance of two loan necessity questionnaires, Form 3509 (used by for-profit entities) and Form 3510 (used by nonprofit entities). This issuance was the first…
10 Ways You’ll Benefit from Sage Intacct Budgeting and Planning
The need for control over the budget has never been greater. Equally critical today is the need to quickly adjust…
Is Moving to the Cloud the Right Strategy for Your Business?
To cloud or not to cloud? If you are a growing technology company, moving to the cloud is an increasingly…
Top Tech Company Retirement Plan Options That Attract Top Talent
Attracting and retaining top talent is a ubiquitous challenge for tech companies and startups, an industry where competition is fierce…
Missouri Issues Ruling on Taxability of Purchased and Stored Gift Cards
Even though the sale of gift cards to consumers is not subject to sales tax since those transactions are treated…
Are Your GSA Labor Categories Setting you up for Failure?
Many contractors start to panic when they receive a notice from the General Services Administration (GSA) that it is time…
Maximizing the Employee Retention Credit – Determining Qualified Wages
If you aren’t familiar with the Employee Retention Credit (“ERC”), then you’ve come to the right place. We’re breaking this…
Equity Incentives: A Way to Grow Your Healthcare IT Company
If you’re involved in a Healthcare IT startup, you’ve likely lost more than a night’s sleep worrying about your technology’s…
Robotic Process Automation for Nonprofits
Efficiency and cost-effectiveness are key to realizing nonprofit organizations’ missions. With modern technology, these key goals can be achieved through…
Got Crypto? The IRS Doubles Down on Cryptocurrency Income
In 2019, the IRS initiated a new crackdown on virtual currencies and tax compliance. First, the IRS released new guidance…
Healthcare IT and HIPAA Compliance: Choosing the Right Level Information Risk Management
Compliance with HIPAA and the growing list of privacy and security standards is essential to the growth of Healthcare IT…
Are Virtual Currency Airdrops Really Taxable? IRS Clarifies New Tax & Reporting Requirements
The IRS released a memo on August 28, 2020, as part of an ongoing campaign to provide clarity on the…
The Most Effective Mechanism to Increase Valuations and Expedite the Sales Process is Anticipatory Sell-Side Diligence
When you are ready to sell your business, the two events you want to avoid are unexpected / unreasonable reductions…
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…
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…
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…
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…
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…
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 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…
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….
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…
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…
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…
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…