Posts Tagged ‘COVID-19’
Is Moving to the Cloud the Right Strategy for Your Business?
To cloud or not to cloud? If you are a growing technology company, moving to the cloud is an increasingly relevant consideration as your business grows and you need to scale your technical infrastructure, meet compliance regulations or reduce risk. It’s important to factor whether moving critical applications and data to a cloud environment is…
Read MoreTop Tech Company Retirement Plan Options That Attract Top Talent
Attracting and retaining top talent is a ubiquitous challenge for tech companies and startups, an industry where competition is fierce and cash flow may be limited. In light of these challenges, businesses in the technology industry often look for creative solutions to further boost their compensation packages. We previously discussed the value of equity incentives…
Read MoreTechnology 2021 & Beyond M&A Webinar
As 2020 fades into the rear-view mirror, gain a competitive advantage in 2021 with Aprio’s webinar series: What’s Next – 2021 and Beyond. Aprio’s Private Equity Team is proud to bring together Technology industry leaders as we take stock of the new normal, plan for the future, and discover the next, new normal. Topics Covered:…
Read MoreMaximizing the Employee Retention Credit – Determining Qualified Wages
If you aren’t familiar with the Employee Retention Credit (“ERC”), then you’ve come to the right place. We’re breaking this credit down step-by-step through a series of articles, so if you need some background, check out our previous two installments to get an overview of the credit and understand employer eligibility. Some quick basics before…
Read MoreEquity Incentives: A Way to Grow Your Healthcare IT Company
If you’re involved in a Healthcare IT startup, you’ve likely lost more than a night’s sleep worrying about your technology’s ability to protect patient data and privacy against a growing number of cybersecurity threats while also demonstrating compliance with HIPAA and other relevant standards. Top-tier HIPAA compliance and risk management can be costly. It’s also…
Read MoreGot Crypto? The IRS Doubles Down on Cryptocurrency Income
In 2019, the IRS initiated a new crackdown on virtual currencies and tax compliance. First, the IRS released new guidance on the taxability of virtual currency – the first in five years. They followed that guidance with the introduction of a new compliance measure included on the Form 1040, Schedule 1 for Additional Income and…
Read MoreHealthcare IT and HIPAA Compliance: Choosing the Right Level Information Risk Management
Compliance with HIPAA and the growing list of privacy and security standards is essential to the growth of Healthcare IT companies. You know that you need to make HIPAA compliance and information risk management a high priority, but how do you choose the right level of risk management and compliance for your company? Determining the…
Read MoreAre Virtual Currency Airdrops Really Taxable? IRS Clarifies New Tax & Reporting Requirements
The IRS released a memo on August 28, 2020, as part of an ongoing campaign to provide clarity on the taxability of virtual currency, this time focusing on whether cryptocurrency earned from microtasking is taxable income. While Aprio has been advising for years that most airdrops are taxable, spoiler alert: the IRS says yes, airdrops…
Read MoreIRS Issues New Guidance on Reporting PPP Loan Forgiveness
As more recipients of the PPP loan take steps towards receiving the loan forgiveness provided through the CARES Act, the IRS is releasing more information and guidance for both lenders and borrowers. Most recently, the IRS announced a change in how lenders should handle forgiveness from a filing perspective, deviating from the typical processes when…
Read MoreWebinar: The Employee Retention Credit (ERC)
The Employee Retention Credit (ERC) is an important CARES Act benefit that may have been overshadowed by other more widely publicized programs. If you didn’t receive a PPP Loan, you may be able to take a payroll tax credit for qualified wages and other payroll expenses paid to your employees during shutdowns or during a…
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