Financial Operations
Are Payment Facilitators Subject to Sales Tax? 4 Questions to Consider
At a glance: The main takeaway: Sales tax guidance is ever-evolving and differs by state, which means payment facilitators need
Financial Operations
4 Financing Options to Expand Your Business Post-COVID
At a glance: Opportunities abound: There are plenty of financing opportunities on the buy-side for aspiring business owners hoping to
Financial Operations
A New Series: How Businesses Can Use Liquidity to Fund Post-COVID Growth
At a glance: Moving forward: Businesses may be sitting on excess cash after using funds acquired from COVID-19 relief programs
Financial Operations
Payment Facilitators: Why Your Internal Controls Must Be Air-Tight
30-Second Summary: The Main Takeaway: Though there are many advantages to becoming a payment facilitator over using the traditional payment model,
Financial Operations
Proposed Rule Aims to Crackdown on Crypto Loopholes
As virtual currency’s popularity grows, so does the scrutiny around it. In recent years, the IRS has been more committed
Financial Operations
Congress Makes Business Meals Temporarily 100% Deductible
When Congress passed the Tax Cuts and Jobs Act (TCJA) in 2017, it significantly limited the tax benefits available to
Financial Operations
Basis, That is the Question! If Not Now, When?
The Consolidated Appropriations Act of 2020 (CAA) provided clarification and delivered welcome news for owners of pass-thru entities (S corporations
Financial Operations
The Individual and Business Tax Provisions in the Consolidated Appropriations Act of 2020
The Consolidated Appropriations Act of 2020 (CAA) marks the culmination of months of negotiation around bringing aid to Americans affected
Financial Operations
Enhancements to the Employee Retention Credit
Monday, December 21st, 2020, Congress passed the Consolidated Appropriations Act of 2021 (the Act) which included several enhancements to the
Financial Operations
The Pulse – What’s happening in the Economy and the Capital Markets: 12/14/20 – 12/18/20
Executive Summary Markets continue to increase reflecting significant optimism, while the economic data continues to include mixed results. This week’s
Financial Operations
Webinar: Provider Relief Funds – What You Need to Know
HHS’s reporting portal for Provider Relief Funds (PRF) opens on January 15th and the first “use of funds” deadline is
Financial Operations
Tax Implications of PPP Funds Finally Align with Congressional Intent
On December 20, 2020, Congress agreed to terms of the Emergency COVID Relief Act of 2020 (the Act), which was
Financial Operations
Webinar: Tax Implications of PPP Loans
The CARES Act stated that forgiveness of a Paycheck Protection Program (PPP) loan would be considered tax-exempt income, but it
Financial Operations
The Top 10 PPP changes in the Bipartisan Emergency COVID Relief Act of 2020
On December 21, 2020, Congress passed the Emergency Coronavirus Relief Act (the Act), a component of the Consolidated Appropriations Act,
Financial Operations
The Pulse – What’s happening in the Economy and the Capital Markets: 12/7/20 – 12/11/20
Executive Summary The current boom in tech IPOs is triggering memories for many of the dot-com bubble of the 1990s.
Financial Operations
What You Need to Know About PPP Economic Uncertainty Certification
On December 9, 2020, the Small Business Administration (SBA) released Paycheck Protection (PPP) Loan FAQ 53 which answers the question “Why are some PPP borrowers receiving a Loan Necessity Questionnaire?” As we previously
Financial Operations
CARES Act Reporting Requirements for Provider Relief Funds
The Department of Health and Human Service (HHS) reporting portal for Provider Relief Funds (PRF) opens on January 15, 2020
Financial Operations
The Pulse – What’s happening in the Economy and the Capital Markets: 11/30/20 – 12/4/20
Executive Summary Post-Thanksgiving week data was telling, enforcing the emerging trend of a split between the economy and stock
Financial Operations
PPP Loan Necessity Questionnaire and More Documentation Requirements
For many borrowers of Paycheck Protection Program (PPP) loans, the loan necessity questionnaires – Form 3509 (used by for-profit entities) and Form 3510 (used by
Financial Operations
SBA Releases Details of PPP Loan Borrowers
On December 1, 2020, per order from U.S. District Judge James Boasberg, the Small Business Administration (SBA) released the names,
Financial Operations
The Pulse – What’s happening in the Economy and the Capital Markets: 11/23/20 – 11/27/20
Executive Summary The separation between Wall Street and Main Street re-emerged this week with Wall Street reporting a very strong
Financial Operations
Webinar: Trends in Cross Border Payments
From the global pandemic to trade wars, the Cross Border Payment Industry has continued to innovate and thrive in
Financial Operations
Webinar: Paycheck Protection Program – SBA Assessing Necessity of PPP Loans and Other Forgiveness Concerns
For certain PPP borrowers, whether their loans were ever economically necessary will be determined by the SBA. Other borrowers seeking
Financial Operations
New Virtual Currency Tax Reporting and Compliance Measures Imminent
Despite explosive growth in the popularity of virtual currency, the Treasury Inspector General for Tax Administration (TIGTA) has determined that
Financial Operations
AICPA Pushes Back on PPP Loan Necessity Questionnaire Response backed by 80 National Organizations
We previously discussed the U.S. Small Business Administration’s (SBA) issuance of two loan necessity questionnaires, Form 3509 (used by for-profit entities) and Form 3510 (used by non-profit entities). This issuance was the first
Financial Operations
IRS Clarifies Tax Implications of PPP Funds
On November 18, 2020, the Internal Revenue Service (IRS) issued Revenue Ruling 2020-27 (Ruling) which provides needed clarity on a
Financial Operations
The Pulse – What’s happening in the Economy and the Capital Markets: 11/9/20 – 11/13/20
Executive Summary With COVID-19 cases rising globally, the possibility of an approved and distributed vaccine before new shutdowns looms over
Financial Operations
Webinar: New PPP Forgiveness Forms-What You Need to Know
Contact an Aprio advisor for PPP loan forgiveness assistance by filling out the form below. If your organization’s PPP
Financial Operations
Webinar: Health IT – Right-sizing privacy and security compliance to your business stage
Health IT will see strong growth in a post-COVID economy. Your ability to land new customers and investors to accelerate
Financial Operations
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
Financial Operations
Webinar: Real Estate & Construction 2021 and 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
Financial Operations
The Pulse – What’s happening in the Economy and the Capital Markets: 11/2/20 – 11/6/20
Executive Summary It was a strong week for the markets with a positive response to the election and the strongest
Financial Operations
The Pulse – What’s happening in the Economy and the Capital Markets: 10/26/20 – 10/30/20
Executive Summary GDP numbers depicted the fastest growth the U.S. has experienced since the government began tracking GDP post-WWII. The
Financial Operations
Technology 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
Financial Operations
SBA Releases Proposed PPP Loan Necessity Questionnaires for Borrowers $2M or Greater
On October 26, 2020, the U.S. Small Business Administration (SBA) issued a notice seeking approval from the Office of Management
Financial Operations
Webinar: How Full Time Equivalents (FTEs) Impact PPP Loan Forgiveness
The Paycheck Protection Program (PPP) was designed to help small businesses maintain their workforce. But what if the PPP
Financial Operations
The Pulse – What’s happening in the Economy and the Capital Markets: 10/19 – 10/23
Executive Summary According to several data points, the economy shows continued signs of recovery at a slowing pace. The exception
Financial Operations
Webinar: Unpacking PPP Loan Forgiveness – What You Need to Know for Maximizing Forgiveness
Contact an Aprio Advisor for PPP loan forgiveness by filling out the form below. Your Covered Period is coming
Financial Operations
Which PPP Loan Forgiveness Application is right for you?
The ever-changing guidance for the Paycheck Protection Program (PPP) loan has caused borrowers to rethink their strategies several times. Now
Financial Operations
Maximizing 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
Financial Operations
The Pulse – What’s Happening in the Economy and the Capital Markets: 10/12/20 – 10/16/20
Executive Summary Earnings season started with generally positive reports. Banks reported better loan performance than expected yet remain very cautious
Financial Operations
Equity 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
Financial Operations
Taxpayers with Foreign Bank Accounts Affected by U.S. Natural Disasters Get FBAR Deadline Extension
If you are a U.S. taxpayer that typically files a Foreign Bank Account Reporting (FBAR) form on FinCEN 114 and
Financial Operations
The Pulse – What’s happening in the Economy and the Capital Markets: 10/5/20 – 10/9/20
Executive Summary In a slow week for economic news, the focus was primarily on the markets and how they will
Financial Operations
SBA Releases Loan Forgiveness Application for PPP Loans $50k or Less
On October 8, 2020, the U.S. Small Business Administration (SBA) released the Interim Final Rule on Additional Revisions to Loan
Financial Operations
Got 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
Financial Operations
SBA Releases Additional Interim Final Rule with Significant Changes to the PPP
On October 8, 2020, the U.S. Small Business Administration (SBA) released the Interim Final Rule on Additional Revisions to Loan
Financial Operations
Webinar: How to Prepare for Completing your PPP Loan Forgiveness Application
Your Covered Period is coming to an end and each week more banks are beginning to accept loan forgiveness
Financial Operations
SBA Further Clarifies Deferral of PPP Loan Repayments in FAQ 52
On October 7, the SBA released FAQ 52 to provide clarity regarding the deferral period for payments on Paycheck Protection
Financial Operations
HHS Now Accepting PRF Phase 3 Applications. You May Be Entitled to Additional Payments.
Good news for healthcare providers: the HHS just allocated another $20 Billion to the Provider Relief Fund (PRF) for a