Posts by Aprio Author
Up to $26K Per Employee! What’s the Catch with the ERC?
At a glance The full story: In the mail. On the radio. In your Facebook feed. Ads for the employee retention credit (ERC) are everywhere. Perhaps you’ve had the same thought that I have when reading or listening to these urgent prompts to get your ERC credit now – the IRS wants to give me…
Read MoreThree Ways a Change in Ownership can Impact ERC Value
At a glance The main takeaway: Companies involved in an acquisition or disposition during 2020 or 2021 have additional considerations for determining eligibility. Impact on your business: Any acquisition could impact your gross receipts analysis and your eligibility for the ERC. Next steps: Contact Aprio to assess your ERC eligibility and understand the impact any…
Read MoreThe Next Hurdle in your ERC Claim: Financial Reporting
At a glance: The main takeaway: Industry experts have recommended using the loss recovery model in response to widespread confusion about reporting the ERC in financial statements. Impact on your business: The loss recovery model means you can report ERC claims sooner and avoids any need to amend previous financial statements, but you must be certain in…
Read MoreWill Your ERC Hold Up to an Audit?
At a glance: Contact Aprio today and learn how more about how our ERC team calculates and documents your credits all at once. The full story: Claiming the Employee Retention Credit (ERC) involves far more than just crunching numbers. Employers must navigate a complex web of qualification guidelines – such as qualified wages, employer size status, partial suspension, more than…
Read MoreGet Your Top ERC Tax Questions Answered
At a glance Schedule a consultation with our ERC team today The full story: The Employee Retention Credit (ERC) has been a much-needed cash resource for businesses struggling under the weight of the COVID-19 pandemic. But for many businesses one question lingers “Is the Employee Retention Credit taxable?” — especially since the IRS has released…
Read MoreDo Owners’ Wages Qualify for the ERC?
At a glance: Don’t let recent IRS guidance jeopardize your credits. Contact Aprio’s ERC team to maximize your credit value and minimize audit risk. With Aprio, you can put those worries about ERC owner wages to rest. The full story: The IRS finally released official guidance on the eligibility of wages paid to business owners and…
Read MoreThe First PPP Loan Payments Are Coming Due: Here’s What You Need to Know
At a glance: The main takeaway: The first Paycheck Protection Program loans (particularly those distributed in spring 2020) are coming due for repayment. Impact on your business: You need to understand your forgiveness window and the appropriate applications to request forgiveness, otherwise you’ll have to start making monthly payments of principal and interest. Next steps:…
Read MorePodcast: Insights Into The PPP and The ERC
Aprio Partners Justin Elanjian and Adam McDowell are joined host John Ray to discuss how dental practices need to address the intricacies of PPP and ERC to maximize potential eligibility. They also discussed special cash flow considerations dental practices should contemplate for 2021. Nashville Business Radio is produced virtually from the Nashville studio of Business RadioX®. Disclaimer for services provided relative to…
Read MoreInsights Into The PPP and The ERC
Aprio Partners Justin Elanjian and Adam McDowell are joined host John Ray to discuss how dental practices need to address the intricacies of PPP and ERC to maximize potential eligibility. They also discussed special cash flow considerations dental practices should contemplate for 2021. Nashville Business Radio is produced virtually from the Nashville studio of Business RadioX®. Disclaimer for services…
Read MoreSBA Releases Early Draft of the Restaurant Revitalization Fund Application
At a glance: The Main Takeaway: The U.S. Small Business Administration has unveiled an early draft of the Restaurant Revitalization Fund (RRF) application. Impact on Your Business: Though the application is not set in stone and could even be delayed in terms of the official roll-out, this draft should give your business an insider’s look…
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