Posts by Author Aprio
Understanding the ERC’s More than Nominal Requirements
At a glance: Claiming the ERC because of partially suspended operations? Contact Aprio’s expert ERC team to assess your eligibility. The full story: Since its inception, the Employee Retention Credit legislation has stated that a company can only qualify due to a partial suspension of operations if the applicable government orders suspended more than a nominal portion of its…
Read MoreEmployee Retention Credit: Are U.S.-based Subsidiaries of International Companies Eligible?
At a glance: Contact Aprio to find out if you qualify. The full story: At the end of 2020, the Consolidated Appropriations Act introduced several changes to the Employee Retention Credit (ERC), making many new businesses eligible to reap the benefits of the program. And if your business is a U.S.-based subsidiary of an international company, you…
Read MoreHow Mixing Family and Business Could Impact Your ERC
At a glance: Don’t risk miscalculating your ERC and facing potential penalties. Contact Aprio’s ERC team to determine whether family attribution rules apply to your business. The full story: Calculating your company’s Employee Retention Credit (ERC) is no easy feat, especially once you factor in how your company’s ownership structure might impact your qualified wages. As…
Read MoreWhat COVID Relief Options Are Still Available to U.S. and U.K. Businesses?
At a glance: The Main Takeaway: The U.S. and U.K. governments have started to phase out and put end dates on popular economic relief programs for businesses, due to increasing vaccination rates. Impact on Your Business: Though deadlines have been extended, funding for some programs is minimal, so it’s important to apply now and take…
Read MoreIt’s Here: The HHS Releases New Provider Relief Fund Guidance on Reporting
At a glance: The main takeaway: The U.S. Department of Health and Human Services (HHS) has released new guidance that sheds some much-needed light on Provider Relief Fund (PRF) reporting requirements. Impact on your business: The HHS’s guidance specifically provides information on PRF usage deadlines and time periods, reporting responsibilities and how to conduct the…
Read MoreRecovery Startup Business ERC: ERC Update Expands Eligibility to New Startups
At a glance: Don’t miss out on this new opportunity to claim the ERC. Contact Aprio’s ERC team to see if you qualify under the new eligibility criteria. The full story: If you started a company in 2020 and thought you were ineligible for the Employee Retention Credit (“ERC”), we have good news. The American Rescue…
Read MoreClaiming the ERC? You Might be Able to Cash In Sooner Than You Planned
30 Second Summary Contact Aprio’s ERC team to determine if filing Form 7200 is right for you. The full story on the ERC advance: Did you know you can receive advance payments for the Employee Retention Credit (“ERC”)? Filing Form 7200allows businesses to request advance payments from the IRS before the close of a quarter. This can…
Read MoreHow to Maximize your ERC and R&D Credit Values
At a glance: Don’t undermine your business’s potential benefits or risk non-compliance by failing to strategize your tax credit approach. Aprio can help you create a holistic tax credit strategy that’s always aligned with the latest official guidance. The full story: With potential credit values of up to $33,000 per employee across 2020 and 2021, the…
Read More3 Ways the New COVID-19 Relief Bill Impacts Your Business
30-Second summary: In addition to providing a new round of stimulus payments, the American Rescue Plan Act contains a host of provisions that will offer financial relief to businesses affected by COVID-19. If eligible, businesses stand to benefit most from the extended Employee Retention Credit, the launch of the Restaurant Revitalization Fund and expanded Provider…
Read MoreThe 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 (ARPA) to support restaurants The Restaurant Revitalization Fund (RRF) grants – will become available 60 days after the signing of the ARPA by President Joe Biden which occurred on March 11. Learn if your restaurant…
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