Podcast: International Women’s Leadership

This week, in continuation of our Women in Leadership series, John interviews Yelena Epova, Aprio’s Atlanta Office Leader, International Practice Leader and Tax Partner. Yelena started working for Aprio in the 1990s after moving to the U.S. and answering an ad placed in the classifieds. At the time, she had no work experience and did…

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Podcast: Women in Leadership

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Today, we begin a Women in Leadership series as John interviews Lisa Robinson, President of OnBoard Inc., the leading authority on women in the boardroom and executive suites of Georgia public companies, dedicated to increasing the number of women in executive leadership roles and on corporate boards. As noted by Lisa, one woman in the…

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Do Owners’ Wages Qualify for the ERC?

At a glance: New ERC guidance: In a Notice released August 4, 2021, pertaining to the ERC, the IRS issued new guidance that will effectively disqualify most wages paid to majority business owners and their spouses. Impact on your business: Any business owners with more than 50% interest in the business and a living relative may need…

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Cross-Border M&A: Section 338(g) Elections After TCJA

At a glance The main takeaway: Subject to certain requirements, U.S. corporate taxpayers who acquire stock of a foreign corporation often make a section 338(g) election for advantageous U.S. federal income tax outcomes. Impact on your business: A section 338(g) election has different implications for buyers and sellers after the Tax Cuts and Jobs Act (TCJA). Next…

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Get Your Top ERC Tax Questions Answered

At a glance The main takeaway: The IRS has released tax guidance regarding the Employee Retention Credit, creating confusion for business owners. Impact on your business: The general rule that an employer’s deduction for qualified wages is reduced by the amount of the employee retention credit — even though the credit won’t be received by employers until…

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How the New ASC 606 and ASC 340 Guidance Impacts SaaS Companies

At a glance: The main takeaway: Many companies have already implemented the new ASC 606 and ASC 340 guidance but have found that the new standards are complex and come with a wide range of implications. Impact on your business: Implementation cost allocation and commission expense deferral are two of the most significant challenges SaaS companies have…

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Employee Retention Credit: Are U.S.-based Subsidiaries of International Companies Eligible?

At a glance: The main takeaway: With changes passed under the Consolidated Appropriations Act, more businesses are eligible for the Employee Retention Credit, potentially those that are U.S.-based subsidiaries of international companies. Impact on your business: To assess your eligibility, you need to have a solid understanding of the controlled group rules, which can help you identify…

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ERC Update Expands Eligibility to New Startups

At a glance: ERC update: The American Rescue Plan introduced a new group of Eligible Employers, categorized as recovery startup businesses. Expanded eligibility: The expanded criteria helps close the gap for recent startups that were previously ineligible, providing a new means of benefiting from the credit. Next steps: Any companies that started operations in 2020 should reassess their…

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