What’s All the Talk About a $10 Million Tax-Free Capital Gain?

Shareholders in qualified small businesses (“QSBs”) may be eligible for a 100% tax exclusion due to an often-overlooked section of the Internal Revenue Code (“IRC”): Section 1202. This benefit can be critical in attracting capital investment or talented employees. Particularly with startups and technology companies, there is a huge potential advantage to founding shareholders, early…

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4 Key Technology Trends for Real Estate in 2022

At a glance Real estate goes digital: Real estate is just one of the many industries that has embraced new tools and technology to better serve clients and stay competitive through the pandemic. Trends to transform: Below, we outline four of the most impactful trends we expect to see sweep the real estate sector heading into 2022.…

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5 Post-Pandemic Technology Upgrades Businesses Should Make

At a glance: Tech takeover: Many of the technology upgrades businesses made to stay afloat during the pandemic will still be relevant and necessary once the economy recovers. Make smart investments: Use excess liquidity wisely by prioritizing five key tech upgrades, from cybersecurity protocols to e-commerce capabilities. Get outside expertise: Aprio’s Retail, Franchise and Hospitality team can help…

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Tax Update: New Guidance on New York’s Pass-Through Entity Tax Credit

NYC skyline

At a glance The main takeaway: New York State just recently provided some additional guidance on its pass-through entity tax credit, including eligibility, election periods and estimated payments, among other areas. Impact on your business: It’s important to understand the key nuances of how the credit works, especially if you are an eligible partnership or S corporation.…

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The Pulse on the Economy and Capital Markets: August 16–20, 2021

At a glance: Recent market performance shows just how much investors are worried about the future of the economy, amid rising COVID-19 cases. On the bright side, interest and investment in tech are booming. Markets fell short last week, while bonds held steady — a sign that investors are growing uneasy about the future outlook.…

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Fraud Has No Borders

At a glance: The main takeaway: Fraud is a global concern, as evidenced by some of the most famous global fraud cases in modern history. Impact on your business: Continued technological advances and modern fraud techniques mean no business is entirely protected – and the source can come from virtually anywhere. Next steps: As fraud…

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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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Do Owners’ Wages Qualify for the ERC?

At a glance: Don’t let recent IRS guidance jeopardize your credits. Contact Aprio’s ERC team to maximize your credit value and minimize audit risk. With Aprio, you can put those worries about ERC owner wages to rest. The full story: The IRS finally released official guidance on the eligibility of wages paid to business owners and…

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The First PPP Loan Payments Are Coming Due: Here’s What You Need to Know

At a glance: The main takeaway: The first Paycheck Protection Program loans (particularly those distributed in spring 2020) are coming due for repayment. Impact on your business: You need to understand your forgiveness window and the appropriate applications to request forgiveness, otherwise you’ll have to start making monthly payments of principal and interest. Next steps:…

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