The Pulse on the Economy and Capital Markets: Feb 21 – 25, 2022

At a glance: The invasion of Ukraine has resulted in another unstable week for the stock market. Investors hope the Federal Reserve will react slower to inflation. Businesses are keeping up with M&A trends to address supply chain challenges. Consumer sentiments over inflation differ from their spending habits. Markets were down globally with international, and…

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5 ESG Investment Benefits for Management

At a glance Investor expectations: In today’s rapidly changing climate, investors are demanding companies take an active approach towards implementing a robust ESG program. Sustainability matters: In a three-part series, we explore the case for ESG investing and the shift towards corporate social responsibility. Partner with ESG advisors: Aprio’s ESG team provides tangible support and resources to help…

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North Carolina Businesses Set to Receive a New Wave of COVID-19 Financial Relief

At a glance:  The main takeaway: Through January 31, 2022, eligible businesses across North Carolina can apply for grant money to help navigate financial hardships due to COVID-19. Impact on your business: Depending on the type of grant you’re eligible for, your business could receive up to $500,000 worth of relief. Next steps: Contact your Aprio advisor for help…

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Building a Better AML Program for Money Services Businesses

At a glance: The main takeaway: Businesses that provide any kind of financial services are subject to strict anti-money laundering (AML) regulations, including Money Service Businesses, or MSBs. Impact on your business: If your business qualifies as an MSB, failure to build an effective and compliant AML program could result in steep legal and financial repercussions. Next…

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Before Offering Cryptocurrency as a Payment Option, There Are Pros and Cons to Consider

At a glance The main takeaway: Given its recent surge in popularity, businesses and banks may be considering accepting cryptocurrency as a form of payment from their customers. Impact on your business: Though there are several benefits to accepting cryptocurrency from a competition and customer satisfaction perspective, the decision also comes with risks you need to plan…

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What Upcoming Tax Legislation Might Mean For You, Your Business, and Your Estate Plan

At a glance The main takeaway: House and Senate Democrats are debating and modifying President Joe Biden’s tax proposals with a view toward passing legislation as part of the budget reconciliation process. Each of the competing proposals contain tax increases, including rate changes, new or restored limitations on deductions and the likelihood of increased IRS enforcement.…

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Will Financial Statements Require Disclosures Related to COVID-19?

Due to the uncertainty caused by COVID-19, business owners and executives should be keenly aware of the additional disclosures or adjustments required to financial statements not yet issued.  It may be appropriate to include additional disclosures in the financial statements due to the already known business interruptions that are occurring and the projected impacts on…

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7 Restaurant Internal Controls to Beef up Your Business

It takes passion to run a restaurant. Passion for food. Passion for the customer experience. Passion for financial management … wait, what? Few chefs and restaurant owners would cite financial management among the reasons they went into business. But restaurant internal controls are crucial to operating a self-reliant business, as well as minimizing financial mistakes…

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