Congress is on the Verge of Passing an Omnibus Funding Bill, but Tax Relief from Expiring Business-Friendly Provisions Remains Elusive

External view of the US capital building

By: Jason Bierly, Senior Tax Manager At a glance Schedule a consultation with an Aprio Tax Adviser today. The full story: Through late December 2022, House and Senate negotiators from both parties worked to craft bipartisan legislation intended to fund the federal government through most of 2023. The legislation, structured as an “Omnibus,” or complete…

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The Ethereum Merge is Almost Here – What You Need to Know

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By: Emily Cheshire, Segment Leader, Cryptocurrency & Blockchain At a glance Main takeaway: Ethereum, the second-largest cryptocurrency, is about to undergo a historic and highly anticipated upgrade to the fundamentals of how transactions on the blockchain are verified. Impact on your business: Energy consumption, processing speed and fees are all expected to improve. Users are…

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Government Regulation of Cryptocurrencies and Other Digital Assets

Bitcoin on top of a virtual background

At a glance Main takeaway: President Biden signed an Executive Order outlining a whole-of-government approach to ensure responsible development and use of cryptocurrencies. The Order adds to changes announced last year regarding Form 8300 and 1099-B reporting. Impact on your business: Updated CRS definitions, including that of Depository Account, now include accounts that hold specific…

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Bonus Depreciation Phase Out and What it Means for Your Business

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At a glance Schedule a consultation with an Aprio Tax professional today The full story: Throughout the pandemic, Congress provided companies with much needed COVID relief by extending the bonus depreciation tax provision as a means of providing incentives for businesses to make investments in equipment and improvements to keep people employed and keep factories…

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Digital Asset Staking: Your Top Tax Questions, Answered

At a glance Schedule a consultation today The full story: As its name implies, the United States Internal Revenue Code sets forth rules for how income is taxed in the U.S. Income is defined as “revenue received for goods or services, or from other sources, as rents or investments” or “the money, or amount of…

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Aprio Box Announcement

Watch the video to learn how to share files with your Aprio Team using Box At Aprio, we are constantly seeking opportunities to enhance the client service experience through state-of-the-art technology and tools. We are implementing Box to advance efficient, seamless and secure collaboration between you and your Aprio team. Aprio is now utilizing Box…

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