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PPP Second Draw Loan Eligibility: Calculating and Documenting Gross Receipts

On January 19, 2021, the U.S. Small Business Administration (SBA) released the guidance, “How to Calculate Revenue Reduction and Maximum Loan…

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The Pulse – What’s happening in the Economy and the Capital Markets: 12/19/20 – 12/31/20

Executive Summary 2020 ended with a strong December for the markets as momentum continued from November’s events. Economic data continues…

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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 –…

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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…

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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…

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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…

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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…

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Texas Court Concludes That Sirius XM’s Subscriber Revenue is Sourced to Subscriber Location

By: Jeff Glickman, SALT Partner The sourcing of service revenue for apportionment purposes continues to be a highly contested area. …

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Not All SOC 2 Reports are Created Equal

Information security in and of itself is incredibly complex. And the framework for SOC 2 examination and reporting is equally…

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Why is there an IRC Section 163(j) note on my K-1?

By: Scot Goldring, Tax Senior Manager, and Kelsey Monaghan, Tax Associate If you own part of a company doing business…

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Opening your First Restaurant? Here’s How to Raise Capital

Opening up a business for the first time in any industry is difficult. Opening up your first restaurant is even…

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New Trust Services Criteria Are Set to Transform SOC 2 Reporting

The ability to demonstrate readiness for the next cyber event is a significant competitive advantage for any company that collects…

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Public Housing REAC Inspections: What You Don’t Know Can Hurt You

Public housing authorities are often concerned about federal REAC inspections of their properties. And they should be, since their scores…

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7 Restaurant Internal Controls to Beef up Your Business

It takes passion to run a restaurant. Passion for food. Passion for the customer experience. Passion for financial management ……

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California Issues Guidance on Throwback Rule for Sales Factor Apportionment

The most significant issue when applying the throwback rule is understanding when a taxpayer is “not taxable” in the other…

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ISO 27701 Offers Data Processors a Roadmap to GDPR ‘Sufficient Guarantees’

If your company processes personal data of EU citizens, you need to be in compliance with the General Data Protection…

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Financial Statements: How to Weigh Compilation vs. Review vs. Audit

Any business needs credibility in its financial statements. There are three main ways to do so: a compilation, a review,…

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Restricted Stock and 83(b) Elections: 7 Common Questions

Emerging startups wanting to hire and incentivize key members of the team will often give stock in lieu of paying…

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How to Price Your Stock Options (and Avoid IRS Noncompliance Penalties)

Stock options provide a benefit for both employers and employees as a performance and retention incentive. But penalties for noncompliance…

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The FASB Simplifies the Balance Sheet Classification of Deferred Taxes

By: Charles Webb, tax partner On Nov. 20, 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU)…

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