Inflation Tax Planning for Companies with Inventory

Benjimin Franklin $100 bill headline on inflation

At a glance The main takeaway: Consumers and businesses alike are facing inflation not seen in decades, with companies often paying double-digit price increases to replenish inventories. This in turn requires them to raise their prices, leading to higher gross revenues and illusory profits. In certain situations, businesses can get temporary relief from the tax…

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Digital Asset Staking: Your Top Tax Questions, Answered

At a glance The main takeaway: A U.S. District Court case out of Tennessee calls into question the taxability of staking rewards — specifically, whether those rewards generate taxable income. Impact on your business: Taxpayers who engage in staking, mining or similar activities currently operate in a tax “limbo,” but that may change with the development of…

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The Pulse on the Economy and Capital Markets: Jan 17 – Jan 21, 2022

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At a glance: The markets had another rough week as stocks declined 4% globally, and investors favor lower-risk assets. Investors continue to worry about inflation and how quickly the Fed will respond. The video game industry takes a giant leap towards the Metaverse as Take Two Interactive and Microsoft announce huge merger and acquisition deals.…

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The Pulse on the Economy and Capital Markets: January 3–7, 2022

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At a glance: Markets started the year on a low note, as stocks and bonds both declined amid news about the Federal Reserve’s aggressive position on interest rates. Technology and long-term bonds took a hit, while the rate on the 10-year bond jumped 0.25% after the Fed released its most recent minutes. On the mergers…

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North Carolina Businesses Set to Receive a New Wave of COVID-19 Financial Relief

At a glance:  The main takeaway: Through January 31, 2022, eligible businesses across North Carolina can apply for grant money to help navigate financial hardships due to COVID-19. Impact on your business: Depending on the type of grant you’re eligible for, your business could receive up to $500,000 worth of relief. Next steps: Contact your Aprio advisor for help…

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New HITRUST Reporting Options Aim to Fill Major Gaps in the Market

At a glance The main takeaway: The Health Information Trust (HITRUST) Alliance updated reporting options for assessments and certifications to provide a broader range while maintaining the gold standard of quality of reporting. Impact on your business: Any organization that stores or processes healthcare data may be required to complete a HITRUST assessment to meet customer contractual…

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The Pulse on the Economy and Capital Markets: Dec 27 – Dec 31, 2021

At a glance: Overall, the U.S. performed well as stock markets closed out 2021 strong and leading economic indicators are pointing to global growth. While stocks outperformed in 2021, bonds had a rough year due to inflation trending higher than expected. Despite continued supply chain challenges and the rise in Omicron cases, U.S. manufacturers and…

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