Posts Tagged ‘COVID-19’
Tax Update: New Guidance on New York’s Pass-Through Entity Tax Credit
At a glance Schedule a consultation The full story: Hot off the press: on August 25, 2021, New York State issued a Technical Memorandum[1] that provides guidance on its pass-through entity tax. First, let’s take a step back On April 19, 2021, New York State’s 2021─2022 Budget Act was signed into law. The Budget Act includes…
Read MoreFraud 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…
Read MoreUnderstanding the ERC’s More than Nominal Requirements
At a glance: Claiming the ERC because of partially suspended operations? Contact Aprio’s expert ERC team to assess your eligibility. The full story: Since its inception, the Employee Retention Credit legislation has stated that a company can only qualify due to a partial suspension of operations if the applicable government orders suspended more than a nominal portion of its…
Read MoreGet Your Top ERC Tax Questions Answered
At a glance Schedule a consultation with our ERC team today The full story: The Employee Retention Credit (ERC) has been a much-needed cash resource for businesses struggling under the weight of the COVID-19 pandemic. But for many businesses one question lingers “Is the Employee Retention Credit taxable?” — especially since the IRS has released…
Read MoreDo 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…
Read MoreThe 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:…
Read MoreEmployee Retention Credit: Are U.S.-based Subsidiaries of International Companies Eligible?
At a glance: Contact Aprio to find out if you qualify. The full story: At the end of 2020, the Consolidated Appropriations Act introduced several changes to the Employee Retention Credit (ERC), making many new businesses eligible to reap the benefits of the program. And if your business is a U.S.-based subsidiary of an international company, you…
Read MoreWhat COVID Relief Options Are Still Available to U.S. and U.K. Businesses?
At a glance: The Main Takeaway: The U.S. and U.K. governments have started to phase out and put end dates on popular economic relief programs for businesses, due to increasing vaccination rates. Impact on Your Business: Though deadlines have been extended, funding for some programs is minimal, so it’s important to apply now and take…
Read MoreIt’s Here: The HHS Releases New Provider Relief Fund Guidance on Reporting
At a glance: The main takeaway: The U.S. Department of Health and Human Services (HHS) has released new guidance that sheds some much-needed light on Provider Relief Fund (PRF) reporting requirements. Impact on your business: The HHS’s guidance specifically provides information on PRF usage deadlines and time periods, reporting responsibilities and how to conduct the…
Read More4 Tips to Fuel Your International Business’s Post-Pandemic Growth
At a glance: The main takeaway: The business world will look vastly different after COVID-19, which means international businesses will need to re-examine their activities to remain competitive. Impact on your business: Business areas such as employee relations, hiring, customer preferences and risk management will all be affected post-pandemic. Next steps: Be proactive and better…
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