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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,”…
M&A Shop Talk: Tax Planning Using One-Day Note Concept Application
An S corporation selling shareholder should always evaluate whether the “one-day note” obligation planning concept will achieve federal and state…
You’ve Discovered a Case of Employee Fraud: Now What?
Do you know how to combat employee fraud? Here are the steps to take if a trusted employee has stolen from you.
NCI to be Acquired by HIG Capital
After two tumultuous years of CEO changes and an embezzlement controversy, NCI has announced that it will be acquired by…
The Waiting Game: Best Practices for Managing Your Housing Waiting List
A waiting list is a crucial asset in a public housing authority’s audit-prep tool box. So effective management of housing…
Valuable Financial Lessons: Roth IRA Accounts for Your Children and Grandchildren
If you have children or grandchildren working this summer, opening a Roth IRA account in their name can give them…
Pricing Strategies for Membership Associations that Build Relationships
It is crucial for membership associations to form strong relationships with their current and prospective members. During a webinar hosted…
Opening a Restaurant? Ask Yourself These Important Questions First!
Opening a new restaurant can be an exciting business venture. However, with it can come a great deal of stress…
Alabama and New York Rule that Purchase Mark-Up Method Allowed for Sales Tax Audits without Adequate Sales Records
We are often asked how to prepare for a sales and use tax audit. One of the keys to a successful audit is to have maintained adequate supporting records…
Massachusetts Revokes Directive 17-1 – Will Adopt Regulation Establishing Economic Nexus for Sales/Use Tax
By Jeff Glickman, SALT partner As discussed in our May 2017 SALT Newsletter, on April 3, 2017, the Massachusetts Department…
Washington Advisory Explains Use Tax on Business Property Temporarily in State
Washington imposes use tax on all taxable tangible property brought into Washington after its purchase, including property only temporarily in…
Ohio Rules that Cincinnati Reds Can’t Purchase Promotional Items Using Resale Exemption
When goods are provided as part of a promotional giveaway that exacts no additional cost or consideration, a sale for…
New York Rules that Online Video Creation is Taxable
Online video generating services were deemed prewritten computer software because customers had the right to direct the software’s use and…
Congress Introduces Physical Presence Nexus Legislation
The No Regulation Without Representation Act of 2017 establishes that a state may only tax businesses engaged in interstate commerce…
Best Practices for Law Firm Websites
Law firms that make a conscious effort to optimize their websites and improve their online presence can make themselves increasingly…
How to Avoid Payment Delays When Conducting Business Overseas
When conducting business overseas, you may experience some unexpected payment delays. By understanding the treaties in place, you can take action today.
Demystifying Incurred Cost Submissions Q&A
In May, Aprio’s Donna Dominguez and Aisha Mian hosted “Demystifying DCAA Incurred Cost Submissions,” where they provided tips, guidance and best practices to…
Selling a Company or Courting Potential Investors: 4 Key Things Tech Companies Need to Know
When selling a company, you can follow a few simple steps to avoid due diligence snafus and show investors that your business is a worthwhile investment.
New Presentation of Liquidity Information in Financial Statements of Not-for-Profit Entities
In August of 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update: ASU 2016-14 Presentation of Financial…
2017 Multi-State Legislative Update: Sales Tax Economic Nexus
Several states have passed legislation requiring remote sellers to pay sales and use tax when they exceed a certain threshold.
Minnesota and Masschusetts Hold Individuals Personally Liable for Unpaid Sales Taxes
As these cases demonstrate, business owners and officers can be held personally liable for their company’s unpaid sales taxes.
New Jersey Decision on Sourcing of Gain May Present Opportunity for Out-of-State Companies
New Jersey determined that gain from an asset sale and liquidation transaction constituted “non-operational” income, under which the income was entirely…
Rhode Island Provides Guidance on Taxability of Technology Services
Rhode Island ruled that storage service, computing service and data transfer fees are not subject to sales tax because no…
Georgia Releases Sales Tax Rulings Addressing Taxability of Services and Sourcing Issues
Georgia ruled that custom video services weren’t taxable, even when the video was delivered on a tangible medium, and that…
Restricted Stock and 83(b) Elections: 7 Common Questions
By: Ori Epstein, partner Emerging startups wanting to hire and incentivize key members of the team will often give stock…
Terri Jondahl on How Female Business Leaders Can Rise to the Top
Firsthand insight from Terri Jondahl, one of the top female business leaders, on excelling in the male-dominated manufacturing industry.
New York Cybersecurity Regulation Holds Financial Services Boards Accountable
Board chairs of companies regulated by the New York State Department of Financial Services reputations may be at stake for company’s cybersecurity
Tangible Property Regulations Present Tax Savings Opportunities for Hotel, Restaurant, and Food Distribution Owners
In 2014, the IRS issued guidance, which over the last several years has made a significant impact on how hotel,…
Why are manufacturers still not taking the R&D Tax Credit?
Many businesses don’t know they’re eligible for valuable R&D Tax Credits. Here’s how you can take the opportunity to save.
Three Ways to Cut Down on Material Shortages — Today
It’s the end of the month at your manufacturing business. You’re trying desperately to ship everything so you can hit…
Why Outsourced Accounting Deserves a Place on Your Roster
Is investing in outsourced accounting a smart move for your business? Here are some potential advantages that this partnership can bring to the table.
The R&D Credit: Is Your Tech Company Eligible?
Your company may be eligible for an R&D credit if you have recently improved, developed or designed a formula, technique, process or product.
Opening a Sales Office Overseas: 4 Questions to Consider
Opening a new sales office overseas can help you build your global business, but there are a lot of factors you should consider before making this move.
Three Ways to Cut Down on Material Shortages – Today
https://whatsnext.aprio.com/three-ways-to-cut-down-on-material-shortages-today/
The 10 Commandments of GSA Schedule Compliance – Q&A
Aprio GSA Schedule Consulting Practice consultants Jennifer Aubel and Jacelyn Ferriell recently presented a webinar The 10 Commandments of GSA Schedule Compliance….