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What Should be Included on your SEFA?
Under Uniform Guidance, entities that expend more than $750,000 in federal funds are subject to a single audit. This requires…
IRS Addresses Bitcoin Cash Fork, Four Years Later
At a glance: IRS announcement: In line with previous announcements, the IRS reiterated their position that taxpayers who received Bitcoin…
The Pulse on the Economy and the Capital Markets: 4/26/21 – 4/30/21
Executive Summary Earnings and sales: While S&P earnings position Q1 as one of the best in decades, the market continues…
Webinar: How to Benefit From the New COVID Relief Package
The American Rescue Plan Act of 2021 provides additional relief to address the continued impact of COVID-19 on the economy….
The American Rescue Plan Act of 2021 Passes, Providing Relief for Restaurants
30-second summary: $28.6 billion in relief funding for restaurants – President Biden signed the American Rescue Plan Act of 2021…
SBA Releases Early Draft of the Restaurant Revitalization Fund Application
At a glance: The Main Takeaway: The U.S. Small Business Administration has unveiled an early draft of the Restaurant Revitalization…
Apply for an RRF Grant in 4 Simple Steps
At a Glance: The Main Takeaway: The SBA will open the Restaurant Revitalization Fund (RRF) grant application portal on May…
FAQs: Applying for the Restaurant Revitalization Fund Grant
At a Glance: On April 17, the U.S. Small Business Administration (SBA) released its landing page about the Restaurant Revitalization…
Maryland Enacts Much-Needed Research & Development Credit Overhaul
On April 13, 2021, Maryland’s Governor Larry Hogan signed Senate Bill 196 into law, which makes significant changes to the…
Possible Tax Implications of President Biden’s American Families Proposal
At a glance: President Biden is proposing major investment and infrastructure spending programs, which, if passed, will be offset by…
3 Tips for Building Value in Your Dental Practice Before a Sale
At a Glance: Think Ahead: Whether you’re in the startup phase or retirement is still years away, it’s important to…
Here’s an Easier Way to Understand Your ERC Eligibility
At a Glance: THE MAIN TAKEAWAY: The Consolidated Appropriations Act provided millions more businesses the opportunity to be eligible for…
Webinar: The Restaurant Revitalization Fund Application – The Latest From the SBA
Restaurateurs, make sure you are ready to apply for the Restaurant Revitalization Fund (RRF). Watch the webinar as we discuss…
Top 5 Things You Need to Know About The Business Interest Deduction Limitation and Controlled Foreign Corporations
At a Glance IRS Final Regulations Update: The IRS released final regulations on the business interest deduction limitation that directly…
Common Functional Expense Mistakes
It is important for nonprofits to ensure that the data they present in their functional expense statement or schedule is…
The Pulse on the Economy and Capital Markets: April 19–23, 2021
Executive Summary Mixed Signals: Earnings of companies started stronger than expected last week, though markets did not react to the…
The Wonderful World of OZ: What Proposed Regulations on Opportunity Zones Mean for You
At a Glance: International Investors, Take Note: The IRS and Treasury have proposed new regulations regarding the requirements around opportunity zones,…
New York and Georgia Legislatures Enact Pass-Through Entity Taxes
By: Jeff Glickman, SALT Partner at Aprio At a glance: The Main Takeaway: The New York and Georgia state legislatures have…
The Pulse on the Economy and Capital Markets: April 12–16, 2021
Executive Summary Crypto Dominates Headlines: Markets initially reacted positively to the Coinbase listing, while bank earnings were optimistic on the economy….
Webinar: How Data Drives the E-Commerce World
From information about product returns to details on your customers and website visitors, data fuels growth in today’s technology-driven marketplace….
Portfolio Companies: Are You Eligible for the ERC?
30 Second Summary: Portfolio Companies and the ERC: While a controlled group relationship is generally unlikely between a private equity firm…
Getting Sage 300 CRE Data Into Excel
How much time do we spend in Excel entering data vs. analyzing it? Too much. Keep reading to learn some…
Top 3 Considerations For A Dental Startup: Starting or Buying a Dental Practice
At a Glance: So, You Want to Start a Business: How will you pay for your new practice? The bank and…
The Pulse on the Economy and Capital Markets: April 5–9, 2021
Executive Summary A Solid Start to Q2: The markets kicked off the quarter with strong performance, amid optimism about the U.S….
Controlled Groups: What You Need to Know about the ERC
30 Second Summary: The Full Story: If your company is part of a controlled group, you may still be eligible…
Are Remote Fraud Investigations Equally Effective?
30 Second Summary Increased Fraud: The pressure and opportunities created by the pandemic are driving more fraud, while social and travel…
Transfer Pricing and COVID-19 – Time to Re-Examine Your Policy
At a Glance Multinational Companies Beware: Economic impacts from COVID-19 may require a new transfer pricing policy to avoid future penalties….
The Do’s and Don’ts of Corporate Compliance
At a glance: COMPLIANCE VS COMPLACENCE: Many corporate compliance programs fail to pass muster, but the DOJ guidelines for evaluating…
Government Contractors Impacted by Maryland’s New Sales Tax on Digital Products
Maryland’s sales and use tax was recently expanded to include the taxation of “digital products.” Despite the sale of products or…
Don’t Sell Yourself Short on the ERC – Reevaluate Your Small Employer Status
At a Glance: The full story Eligibility aside, the size of your workforce is one of the most influential factors…
The Pulse on the Economy and Capital Markets: March 29 – April 2, 2021
Executive Summary Economic Excitement Takes Center Stage: The U.S. market had a stellar showing last week, while the riskiest part of…
Top 4 Basic Cybersecurity Steps Payment Facilitators Should Take
At a Glance: Risk vs Reward: Though there are many advantages to becoming a payment facilitator over using the traditional payment…
IRS Final Regulations on Foreign Tax Credits: New Compliance Headaches
At a Glance: IRS Final Regulations Update: The IRS has released the long-awaited final regulations for foreign tax adjustments, which the…
Have a Vacation Home in New York? Double-Check Your Tax Liability
By: Jess Johannesen, Senior Manager, State & Local Tax Services At a Glance: The Main Takeaway: The New York State Tax…
Amended Texas Franchise Tax Apportionment Regulation Adopts Significant Sourcing Changes
By: Jeff Glickman, partner-in-charge of Aprio’s SALT practice At a Glance: The Main Takeaway: The Texas Comptroller of Public Accountants has…
How the Products You Sell Impact Your Purchase Exemptions
By: Tina M. Chunn, CPA, State and Local Tax Senior Manager at Aprio At a Glance: The Main Takeaway: Two advisory…
To Tax or Not to Tax? Using the True Object Test to Assess Sales Taxability
By: Betsy Tuck, State and Local Tax Manager at Aprio At a Glance: The Main Takeaway: In today’s growing, tech-fueled economy,…
FFATA Reporting Requirements
FFATA (Federal Funding Accountability and Transparency Act) reporting is required by all prime awardees that enter into subawards for $25,000…
IRS Declines to Extend Due Date for First-Quarter Estimated Tax Payments
At a glance: The IRS has confirmed its extension of the filing due date for 2020 individual income tax returns…
Top-3 Fraud Vulnerabilities Associated with Remote Work
30 – Second Summary: The Main Takeaway: Though remote work has the potential to leave you open to fraud, there…
The Top 4 Myths About the Employee Retention Credit
30-Second Summary: The Main Takeaway: Businesses could obtain up to $33,000 per employee if they are eligible for the Employee Retention…
Maryland Comptroller Interprets Taxable “Digital Products” to include Almost Everything
On February 12, 2021, the Maryland General Assembly overrode the Governor’s veto of House Bill 932, making Maryland the most…
Is Vendor-Hosted Software Taxable? A New Rhode Island Ruling Offers Clarity to Providers
For sales tax purposes, when classifying a transaction as taxable software or a nontaxable service, states will often apply the…
Intercompany Transactions: How Diligent Documentation Can Help You Avoid B&O Tax Liability
Although intercompany transactions will typically net out for income tax purposes, that isn’t necessarily the case for states that impose…
The Liquidation Exception to Business Income: When It Does and Doesn’t Apply
Some states provide an exemption to business income for liquidations and will instead classify gains from such transactions as nonbusiness…
Funded R&D Project Documentation is Essential to Claim Credits
The R&D federal tax credit is a lucrative benefit for small and large businesses across industries. But if you don’t…
The Newly Extended Solar Investment Tax Credit Can Brighten Your Business
Despite the news coverage, the Consolidated Appropriations Act, signed by President Trump on Sunday, December 27, 2020, contains more legislation than…
EIDL Advances No Longer Reduce PPP Loan Forgiveness
On January 8, 2021, the U.S. Small Business Administration (SBA) issued a Procedural Notice (the Notice) – Repeal of Economic Injury Disaster…