Posts by Aprio Publisher
Best Practices for Preparing For a Retirement Plan Audit
Are you feeling anxious about your retirement plan audit? As we kick off our benefit plan audit season, we thought it might be helpful to share a list of items we typically request and some best practices to help you prepare. This can be a great resource if you are a new retirement plan audit…
Read MoreAprio Awarded Five Top Workplaces ‘Culture Excellence’ Awards
Top-35 CPA, business advisory firm continually recognized on national scale ATLANTA – May 5, 2022 – Aprio, LLP, a nationally-recognized business advisory and CPA is proud to announce the firm earned 2022 Top Workplaces ‘Culture Excellence’ awards. Issued by Energage, Aprio was recognized in five categories: Leadership, Innovation, Compesenation and Benefits, Work-Life Flexibility, and Purpose and Values. Top Workplaces ‘Culture…
Read MoreUpdates on Excess Tax-Exempt Organization Executive Compensation
The Tax Cuts and Jobs Act of 2017 added a 21 percent excise tax on tax-exempt organizations, including associations, that pay what the law defines as “excess tax-exempt organization executive compensation” through the addition of IRC Section 4960. While most people are aware that this is a 21% excise tax on compensation in excess of…
Read MoreDCAA Labor Floor Check
If you have Government Cost-type contracts, you’re subject to labor floor-checks by the Defense Contract Audit Agency (DCAA). As often as once every quarter, DCAA may arrive at your company, unannounced, to interview employees on timekeeping procedures. What is the purpose? What every employee needs to know: Got questions? Connect with an experienced Aprio advisor…
Read MoreDiscover How Treasury Optimization Helped an International Office Supplier Reduce Bank Fees by 45%
At a glance Schedule a consultation with an Aprio advisor. The full story: When was the last time you gave your bank service fees a second look? Amid the hustle and bustle of running a business, it can be hard to find time to take stock of your current situation. But if you’re preparing for…
Read MoreVirginia Jumps on the SALT Workaround Bandwagon
Virginia has enacted legislation (Senate Bill 692) to implement an elective pass through entity (PTE) tax. The legislation also amends Virginia’s credit for taxes paid rule to permit residents of Virginia that are partners in a partnership to claim a credit for taxes paid for other states’ PTE taxes paid by a partnership in which…
Read MoreCan You Outscore the Competition on Polaris?
The RFP for the Polaris small business pool GWAC has dropped and the proposal is due on May 13. GSA intends to make 100 awards. The Polaris GWAC has an unlimited ceiling and can award fixed price, cost-reimbursement and time and material task orders. The NAICS code selected for the Master Contract is designated as 541512,…
Read MoreGet 3 Big Advantages with Strong Core Values
At a glance Main takeaway: Core values guide day-to-day behaviors both within your organization as well as interactions with clients and customers. Collectively, they create the desired culture of your organization. Impact on your business: Core values are what support the company vision, shape the culture of the organization and reflect what a company values.…
Read MoreGSA Makes it Easier to Increase Schedule Pricing in Response to Inflation Concerns
In response to inflation concerns, some GSA Schedule contractors have made decisions to remove items from their GSA Schedules contracts to avoid selling at a loss, which then makes it harder for Federal agencies to acquire needed goods, services, and solutions. To address contractors’ concerns, GSA issued an Acquisition Letter which significantly reduces requirements associated…
Read MoreReducing Fraud in Nonprofits
At a glance The main takeaway: The Association of Certified Fraud Examiners’ (ACFE) most recent fraud report includes many illuminating insights and action items for nonprofits. Impact on your business: By obtaining leadership commitment, identifying potential gaps in internal controls and developing a proactive fraud detection program, nonprofits can significantly reduce their exposure to fraud.…
Read More