Posts Tagged ‘Business Tax’
U.S. Tax Planning Opportunities for Bona Fide Residents of Puerto Rico
At a glance: Schedule a consultation today! The full story: Over the years, the Puerto Rican government has created several tax incentives and credits to make Puerto Rico a destination for economic development and investment. In this article, we’ll explore the tax planning opportunities available to taxpayers who become “bona fide residents” of Puerto Rico,…
Read MorePartnerships and S Corporations: What to Expect from Schedules K-2 and K-3
At a glance Schedule a consultation with Aprio’s International Tax Team today. The full story: Over the summer, the Internal Revenue Service (IRS) released new Schedules K-2 and K-3, which will now be a required Schedule when submitting Forms 1065, 1120-S and 8865. The new schedules will become effective for tax years beginning in 2021 for the…
Read MoreGeorgia Pass Through Entity Tax
At a glance Schedule a consultation with Aprio to learn more about the Georgia pass-through entity tax and more. The full story behind the Georgia pass-through entity tax: The passage of the 2017 Tax Cuts and Jobs Act (TCJA) included a limitation on the deductibility of state and local taxes. Under the law, individual taxpayers are…
Read MoreDigital 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…
Read MoreThe Pulse on the Economy and Capital Markets: Jan 17 – Jan 21, 2022
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.…
Read MoreThe Pulse on the Economy and Capital Markets: January 3–7, 2022
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…
Read MoreNorth Carolina Businesses Set to Receive a New Wave of COVID-19 Financial Relief
At a glance: The full story: North Carolina-based businesses are receiving a life preserver to help weather the devastating impact of COVID-19: the Business Recovery Grant Program (BRGP). The BRGP was launched by the North Carolina Department of Revenue (NCDOR) to help owners recoup some of the financial losses they have endured as a result…
Read MoreNew HITRUST Reporting Options Aim to Fill Major Gaps in the Market
At a glance Schedule a consultation today with one of Aprio’s Information Assurance experts. The full story: The Health Information Trust (HITRUST) Alliance will release new reporting options on January 1, 2022, to address issues within the market revolving around the complexity of obtaining a full HITRUST certification. The HITRUST Common Security Framework (CSF) and the…
Read MoreThe 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…
Read MoreThe Bad News Not Being Reported on the Demise of the Build Back Better Act
At a glance The main takeaway: With the demise of the Build Back Better Act (BBBA), a clause from a 2017 tax legislation is resurfacing that will heavily impact any company who performs or invests in research and development. Impact on your business: The 2017 tax act will force many companies to now budget or use working…
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