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Transfer Pricing Considerations: How to Plan and Win on International Taxes
As you be gin to audit your financial documentation, you should keep various transfer pricing considerations in mind.
ASC 606 Revenue Recognition Series: Identifying the Contract with the Customer (Part II)
In ASC 606: Revenue from Contracts with Customers (ASC 606), the Financial Accounting Standards Board (FASB) established a five step…
Lawyers, Don’t Walk Away from Money: Research and Development Credits Might Apply to You
Lawyers who think Research & Development Tax Credits are only for manufacturers might be missing out on money for themselves. Credits worth more than…
10 Common Problems When Reporting Time and Effort on Federal Grants
For most nonprofit organizations, personnel salary is among the largest costs of federal grants. Proper documentation of charges for compensation, or…
Amazon’s Whole Foods Acquisition: The Latest Game Changer for Developers
What does Amazon’s Whole Foods acquisition mean for real estate developers, owners and investors active in the grocery-anchored shopping center market?
Master These 4 Leadership Styles for the Stages of Your Business
As a business grows, its leaders must adapt different leadership styles in order to succeed. Learn more.
Reinvest Yesterday’s Manufacturing Tax Credits to Support Tomorrow’s Big Idea
By leveraging manufacturing tax credits to streamline processes and fund necessary upgrades, you’ll boost your company’s position in the global market.
How Manufacturing CEOs Can Protect Their Organizations from Ransomware
What if ransomware took your manufacturing operations offline for a day? Or a week? What would be the financial and reputational impact? Perhaps…
How Dentists Can Save Money with This Little-Known Tax Deduction
Did you know that on-site milling of dental restoration products can qualify dentists for the Domestic Production Activities Deduction (DPAD)? Learn more.
Be Aware of Changes to Accounting for Forfeitures of Share-Based Payments
The Financial Accounting Standards Board (FASB) has simplified the rules on accounting for share-based payment awards through the issuance of…
Deferred Compensation for Nonprofits
Unlike for-profit organizations, employees of nonprofit organizations have the inability to receive stock based compensation and prosper with the growth…
GSA Contractors: New Sick Leave Requirement and Changes to SCA Wage Determinations
Two critical changes recently occurred that both impact GSA Schedules: the Sick Leave Executive Order and updated Service Contract Act…
Missouri Rules That Nonprofit’s Bakery Sales Are Taxable
Typically, when a not-for-profit company has tax-exempt status under section 501(c)(3) of the Internal Revenue Code, it is assumed that the company is…
South Carolina Determined that Book Retailer’s Discount Membership Fee is Taxable
The Administrative Law Court determined that the membership program could not exist without the retail sale of the bookstore’s tangible…
Indiana Takes Dubious Position on Revenue Sourcing for Online Tuition
Indiana ruled that the true income-producing activity was the actual delivery of the course, rather than the development of the…
California Provides Guidance on Application of Market-Based Sourcing Rules to Service Revenues
New rules around sourcing revenue based on where a taxpayer’s customer receives the benefit of the service can raise questions…
Georgia Rules Penalties Apply When Credits are Purchased after the Extended Filing Deadline
Taxpayers in Georgia will not be able to escape late payment and late filing penalties based on credits purchased after…
11 Things to Do Now to Prepare for Your First Audit
A financial statement audit attested by an independent auditor includes the examination of a company’s financial records that include balance sheet, income…
Edwin Watts Got a Golf Lesson from the IRS
Here’s a lesson in what can happen when you fail to involve your tax advisor early on in the transaction process.
Cybersecurity: What manufacturing CEOs Need to Know
By Dan Schroeder, partner-in-charge of Information Assurance Services Just a few years ago, cybersecurity was something most CEOs considered the…
The July 2017 ISM Manufacturing Index (PMI®) – Understanding the Results
The PMI® (Also sometimes referred to as the ISM Index or the ISM Manufacturing Index) results for July were released on Aug. 1, with the PMI coming in.
How the Industrial Internet of Things Creates a “Hand-in-Metal” Workforce
The manufacturing industry is changing rapidly — largely due to advances in the Industrial Internet of Things (IIoT). Learn more.
GSA Whistleblower Vindicated, FAS and TTS Realignment, and Politics – Not as Usual?
Shakeups in the management of the General Services Administration (GSA) continue to cascade and make waves. In early July, the…
Multistate Tax Commission Offers Online Sellers a Limited-Time Amnesty in Certain States
By Tina Chunn, SALT senior manager As noted in an article from our July 2017 newsletter, many smaller companies that…
ASC 606 Revenue Recognition Series: Who, What, Where, When and Why (Part I)
The Financial Accounting Standards Board (FASB) recently amended the rules for revenue recognition in the Accounting Standards Codification (ASC) to…
Aprio Foundation Adopts Focus Areas for 2017-2018
We formed the Aprio Foundation last year to give back to our community. I’m pleased to announce that the Foundation’s…
What are the New “Going Concern” Disclosures?
FASB Accounting Standards Update (ASU) 2014-15 changes the disclosure requirements of the going concern concept for organizations with annual periods…
Aprio Risk Monitor Version 2017-01
Risk issues that impact Aprio and its employees Welcome to the inaugural edition of the The Aprio Risk Monitor. Going…
How Will the Senate’s New Manufacturing Bill Impact the R&D Credit?
U.S. Senators Chris Coons and Pat Roberts introduced the Invent and Manufacturer in America Bill on June 6, 2017. How will this bill impact the R&D Credit?
Revised Revenue Recognition Standards: The Impact on M&A Transactions
The new accounting standard for revenue recognition will present unique considerations for companies that are eyeing an M&A transaction. Learn more.
Is a 501(c)(4) Entity in Your Nonprofit’s Future?
Many 501(c)(3) organizations might consider adding a 501(c)(4) entity to their overall corporate structure. 501(c)(3) nonprofit organizations often aim to…
Contracting with Third-Party Fulfillment Centers in Virginia Creates Nexus for Sales Tax
As the retail industry continues to evolve in the online marketplace, many smaller companies are using third-party fulfillment networks to store their…
The Watts Brothers’ Lightbulb Moment: Why You Should Involve Your CPA Early on in the Transaction Process
https://whatsnext.aprio.com/watts-brothers-lightbulb-moment-involve-cpa-early-transaction-process/
Internal Use Software – Determining Which Accounting Guidance to Use
In the last decade, the cloud computing industry has grown exponentially. Software-as-a-service (SaaS) platforms are currently dominating the industry, and…
Accounting for Development Costs of Internal Use Software
Internal use software is software that is acquired or internally developed to meet an entity’s internal needs. These internal needs…
New Jersey Rules that Intercompany Royalty Expense is Deductible
Intercompany agreements are common among groups of related entities, and they can involve (i) the provision of services from one entity to another, (ii)…
California Court Holds that Transfers of Interests in Entities Owning Real Property Can Result in Transfer Taxes
In California, counties and cities may apply a transfer tax on a deed, instrument or writing by which a real…
Washington Rules that Dentist Owes Use Tax Based on Purchase Price, Not Value
In a recent Washington case, the taxpayer owed use tax based on the value he paid for the property; the…
Iowa Rules that Parent is not Includable in Consolidated Group and Subsidiaries Can’t Deduct Interest
In a case highlighting the issues that often affect consolidated/affiliated groups, a state income tax inefficiency was created when a…
U.S. Tax Court Rules Disposition of U.S. Partnership Interest by Foreign Partner is Not U.S. Source Income
By Philip Brudney, manager, and Ethan Deng, senior tax associate A new Tax Court decision marks a major shift in…
Bishop Estate Trust Case Study: Avoiding Conflicts of Interest
Most people involved with nonprofit organizations are familiar with the concept of “conflicts of interest.” Generally, nonprofit board members should…
The Compliance Conundrum: New IRS Risks for Intercompany Debt
By staying up to speed on the latest rules and regulations, you will reduce the risk of the IRS challenging your intercompany debts.
Divorcing Couple’s IRA is Subject to 10% Early Distribution Penalty
Establishing an individual retirement account (IRA) is a great way to prepare for the future. Although divorces are rarely foreseeable,…
Flier Beware: You May Get Your Passport Revoked for Delinquent Tax Debt
Do you have significant tax debt? If so, you could have your passport revoked due to a new alliance between the IRS and the State Department. Learn more.
Virginia Businesses: STOP Overpaying Local BPOL Tax Webinar Q&A
In June, Michael L. Colavito, Jr. and Grant Patterson hosted an informative webinar, “Virginia Businesses: STOP Overpaying Local BPOL Tax,”…