Posts by Aprio Publisher
Jae Kim, Member of the Council of Korean Americans
Enforcement of BOI Reporting Suspended, Pending Forthcoming Rule Changes
The Treasury Department and FinCEN both announced they will not be enforcing fines or penalties associated with the upcoming March 21, 2025, deadline for Beneficial Ownership Information (BOI) reporting, pending forthcoming rule changes. Additionally, no fines or penalties will be enforced going forward for U.S. citizens or domestic reporting companies and their beneficial owners. Key…
Read MoreHouse Passes Budget Resolution
On Tuesday, February 25, the House of Representatives narrowly passed a budget resolution that would extend measures from the 2017 Tax Cuts and Jobs Act (TCJA) and enact additional spending cuts. Approval of the budget resolution is a key step in the budget reconciliation process, which is an expedited process lawmakers are relying on to…
Read MoreAprio Medical Membership
The Pulse on the Economy and Capital Markets: February 2025
To Summarize: The markets are sending mixed signals as global stocks are outperforming and U.S. small caps struggle. The Federal Reserve’s interest rate cut expectations are fading as inflation remains persistent. While corporate margins are improving and supporting earnings growth, consumers are becoming more cautious with discretionary spending. We unpack this and more in the…
Read MoreDefunding USAID: A Timeline of Events?
The Trump Administration’s actions to reassess federal aid policy have had widespread impacts on USAID, its staffers, grantees, and its subcontractors/subawardees. Following President Trump’s Executive Order: Reevaluating and Realigning United States Foreign Aid, a legal battle has ensued, creating chaos around the existence of the agency and the status of it’s employees. USAID: Timeline of…
Read MoreFinancial Action Plans for Nonprofits Impacted by Federal Funding Freeze
The freeze on federal aid funding set into motion by President Trump’s Executive Order: Reevaluating and Realigning United States Foreign Aid has created chaos and uncertainty for nonprofit organizations receiving federal grants. Organizations facing financial uncertainty can take immediate steps to help mitigate the impacts and pursue stability. Some important steps and considerations include: 1.…
Read MoreWhat Do the 2025 Contribution Limits Mean for Dental Retirement Plans?
At a glance Schedule a consultation The full story: The Internal Revenue Service (IRS) raises contribution limits for retirement plans every year due to inflation. For 2025, the contribution limit has increased to $23,500 from $23,000 in 2024. The new contribution limit presents excellent opportunities for dental practice owners and practitioners to save more for…
Read MorePrime Contractors: How to Manage Multiple Terminations, Subcontractors, and Settlements
Government contractors facing the termination of multiple contracts at the same time must manage a highly complex and financially risky scenario. The complexity is only heightened with subcontractors and consultants are involved, as it is the prime contractor’s responsibility to pursue settlement packages on their behalf. Key items to remember as a prime contractor: Successfully…
Read MoreGovernment Contractors: You Need a Financial Action Plan
For federal contractors, a single contract termination or stop-work order is typically a challenging yet manageable administrative burden; however, multiple contracts impacted simultaneously can trigger a full-scale operational crisis. The collapse of multiple (or all) contracts for an organization has far-reaching consequences extending beyond the prime contractor to include subcontractors, employees, and the entire supply…
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