Posts Tagged ‘COVID-19’
Recovery Startup Business ERC: ERC Update Expands Eligibility to New Startups
At a glance: Don’t miss out on this new opportunity to claim the ERC. Contact Aprio’s ERC team to see if you qualify under the new eligibility criteria. The full story: If you started a company in 2020 and thought you were ineligible for the Employee Retention Credit (“ERC”), we have good news. The American Rescue…
Read MoreMultinational Businesses: Will Your COVID Relief Funds Impact Your R&D Incentive Claims?
At a glance: Can You Benefit from Both? Many businesses in the U.S. and the U.K. wonder whether they’re eligible to reap the benefits of the R&D tax credit and various government-backed COVID-19 relief programs. Play Your Cards Right: Though most businesses can accept funding from both sources, there is a variety of caveats and…
Read MoreClaiming the ERC? You Might be Able to Cash In Sooner Than You Planned
30 Second Summary Contact Aprio’s ERC team to determine if filing Form 7200 is right for you. The full story on the ERC advance: Did you know you can receive advance payments for the Employee Retention Credit (“ERC”)? Filing Form 7200allows businesses to request advance payments from the IRS before the close of a quarter. This can…
Read MoreHow to Maximize your ERC and R&D Credit Values
At a glance: Don’t undermine your business’s potential benefits or risk non-compliance by failing to strategize your tax credit approach. Aprio can help you create a holistic tax credit strategy that’s always aligned with the latest official guidance. The full story: With potential credit values of up to $33,000 per employee across 2020 and 2021, the…
Read MoreThere’s No Free Lunch: What PPP borrowers should be aware of to avoid future problems
At a glance: The Main Takeaway: Between the pressure to distribute funding and the vast increase in the number of new applications, the Paycheck Protection Program (PPP) is ripe for fraud. Impact on Your Business: If you don’t have a solid understanding of the PPP, then you’re at risk for either breaking the rules or…
Read MoreWebinar: How to Benefit From the New COVID Relief Package
The American Rescue Plan Act of 2021 provides additional relief to address the continued impact of COVID-19 on the economy. Watch the webinar hosted by Aprio and the Belgian American Chamber of the South, to gain a better understanding of the significant tax provisions available to both individuals and businesses, plus ways you can leverage…
Read MoreThe American Rescue Plan Act of 2021 Passes, Providing Relief for Restaurants
30-second summary: $28.6 billion in relief funding for restaurants – President Biden signed the American Rescue Plan Act of 2021 (ARPA) to support restaurants The Restaurant Revitalization Fund (RRF) grants – will become available 60 days after the signing of the ARPA by President Joe Biden which occurred on March 11. Learn if your restaurant…
Read MoreSBA Releases Early Draft of the Restaurant Revitalization Fund Application
At a glance: The Main Takeaway: The U.S. Small Business Administration has unveiled an early draft of the Restaurant Revitalization Fund (RRF) application. Impact on Your Business: Though the application is not set in stone and could even be delayed in terms of the official roll-out, this draft should give your business an insider’s look…
Read MoreApply for an RRF Grant in 4 Simple Steps
At a Glance: The Main Takeaway: The SBA will open the Restaurant Revitalization Fund (RRF) grant application portal on May 3 and is allowing applicants to register as early as April 30. Impact on Your Business: The $28.6 billion in RRF funding will go fast, so your business must act now to obtain the grant…
Read MoreFAQs: Applying for the Restaurant Revitalization Fund Grant
At a Glance: On April 17, the U.S. Small Business Administration (SBA) released its landing page about the Restaurant Revitalization Fund (RRF) grants, serving as a comprehensive guide to the program. The SBA has also released a sample RRF grant application. The application portal could be open as soon as May 1, 2021. On April…
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