Business Tax
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
Business Tax
IRS Addresses Bitcoin Cash Fork, Four Years Later
At a glance: IRS announcement: In line with previous announcements, the IRS reiterated their position that taxpayers who received Bitcoin
Business Tax
IRS Declines to Extend Due Date for First-Quarter Estimated Tax Payments
At a glance: The IRS has confirmed its extension of the filing due date for 2020 individual income tax returns
Business Tax
3 Ways the New COVID-19 Relief Bill Impacts Your Business
30-Second summary: In addition to providing a new round of stimulus payments, the American Rescue Plan Act contains a host
Business Tax
Funded R&D Project Documentation is Essential to Claim Credits
The R&D federal tax credit is a lucrative benefit for small and large businesses across industries. But if you don’t
Business Tax
The Newly Extended Solar Investment Tax Credit Can Brighten Your Business
Despite the news coverage, the Consolidated Appropriations Act, signed by President Trump on Sunday, December 27, 2020, contains more legislation
Business Tax
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
Business Tax
Important Changes to 1099 Filing Process
The IRS has made changes to the annual 1099 filing process that most employers have become accustomed to. These changes
Business Tax
New Clarity on M&E Deductions Give a Little Wiggle Room
On September 29, 2020, the IRS published the long-awaited final regulations on the deductions for meals and entertainment (“M&E”) expenses.
Business Tax
What’s All the Talk About a $10 Million Tax-Free Capital Gain?
Shareholders in qualified small businesses (“QSBs”) may be eligible for a 100% tax exclusion due to an often-overlooked section of
Business Tax
Is Your Company Eligible for the Employee Retention Credit?
If you aren’t familiar with the Employee Retention Credit (“ERC” ) yet, you probably want to check out the first
Business Tax
IRS 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
Business Tax
New Rules for Donors to State Credit Funds
In August 2020 the IRS issued final regulations on the state and local payments made to charitable entities that are
Business Tax
Proposed Regulations for Carried Interest – Is It Time to Analyze Business Strategies?
When the Tax Cuts and Jobs Act of 2017 introduced the new carried interest rules through IRC Section 1061, it
Business Tax
The President’s Executive Order on Payroll Tax Deferment – What You Need to Know
President Trump signed a series of Executive Orders on Saturday, August 8, 2020, that extended new relief to Americans impacted
Business Tax
Webinar: Turn 2020 Losses into 2019 Deductions
Watch our expert panelists as we discuss how to claim COVID-19 losses and expenses on your 2019 tax return.
Business Tax
How to Turn 2020 Losses into 2019 Deductions
Congress and the Department of Treasury’s responses to the COVID-19 pandemic have provided corporate and individual taxpayers with a myriad
Business Tax
Tax Savings on Business Property Taxes – Should You Appeal?
In today’s business environment, everyone realizes cash is a critical component to future stability and success. One way to save
Business Tax
Take Action: Proposed GA Bill HB 1035 Could Eliminate or Reduce Valuable GA Tax Benefits
On June 18, 2020, the State of Georgia Senate Finance Committee passed HB 1035 titled “Tax Exemption and Credit Reform
Business Tax
Private Equity Webinar Series Session 1: The COVID-19 Tax Tool Kit
Join Aprio Private Equity for a new webinar series, COVID-19 Private Equity Reset: Creating Value in a New World. Watch
Business Tax
IRS Releases Draft Form 941 for Reporting Coronavirus-Related Employer Tax Credits
Taxpayers and tax preparers have been awaiting revised tax forms and instructions since the introduction of the new employment tax
Business Tax
Important PPP Updates from the Treasury/SBA Forgiven Loan Amounts May Result in Non-deductible Expenses
Plus Guidance on PPP Loan Audits, Forgiveness Computation, and More In a flurry of announcements and press releases this week,
Business Tax
Georgia Extends Additional Tax Deadlines
The Georgia Department of Revenue announced today, April 16, 2020, that additional tax deadlines have been extended to align with
Business Tax
Webinar: Unpacking the Impact of COVID-19 Legislation on Non-Profits
Aprio panelists unpack the impact of the Families First Coronavirus Response Act and CARES Act on non-profit organizations, and
Business Tax
Webinar: How New Payroll Tax Credits Can Help You Keep More Employees on the Job During COVID-19
Watch Aprio’s webinar on “How New Payroll Tax Credits Can Help You Keep More Employees on the Job During COVID-19”
Business Tax
Webinar: COVID-19 Cash Flow Bootcamp
Watch Aprio’s COVID-19 Cash Flow Bootcamp to learn cash flow survival strategies to get you through the COVID-19 crisis. You’ll
Business Tax
Navigating the Impacts of the Coronavirus on Your Dental Practice
From best practices for dealing with staff and supplier concerns to breaking down the Coronavirus tax relief package, this webinar
Business Tax
IRS Issues Tax Relief for Victims of Tennessee Tornadoes
On Friday, March 6, 2020, the IRS announced a tax relief to aid recent victims of the tornadoes that devastated
Business Tax
Recent Guidance on Meals & Entertainment Expenses May Impact Your Bottom Line
One of the most notable changes to come out of the new tax law passed in 2017 was the significant
Business Tax
Do You Own 10% or More in a Foreign Business? If so, Form BEA-10 is Due Soon!
What is Form BEA-10? Form BEA-10 is required by the U.S. Department of Commerce. The purpose of the form is
Business Tax
New In-Person Meetings with Revenue Officers Aim to Encourage Compliance… But What Are the Risks?
On Nov. 15, 2019, the IRS announced a new compliance protocol that will involve deploying agents around the country to
Business Tax
IRS Aims to Expose Cryptocurrency-related Income with New Question on Form 1040
Earlier this month, the IRS released the first guidance in five years on the taxability for virtual currency transactions, including
Business Tax
IRS Releases New Guidance on Taxability for Certain Virtual Currency Transactions
Pay close attention, cryptocurrency investors: on Oct. 9, 2019, the IRS issued Revenue Ruling 2019-24 and 43 Questions and Answers,
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IRS Tax Notices 6173, 6174, and 6174-A, What They Mean and What To Do.
Did you receive the IRS tax notice 6174, 6174A or 6173 in connection with your virtual currency transactions? If you
Business Tax
Alternative Tax Strategies for the Qualified Improvement Property “Glitch”
The road to tax reform was paved with good intentions. The Tax Cuts and Jobs Act (TCJA) produced the most
Business Tax
The Interplay of Tax Reform’s IC-DISC & Pass-Through Deduction: What We Know So Far
A key tax benefit for companies that do exports was at risk of getting killed from President Donald J. Trump’s
Business Tax
New Tax Reform Carried Interest Rules Could Put CRE Investors at Odds with Developers
It was somewhat of a surprise in the final legislation President Donald J. Trump signed into law in late 2017
Business Tax
Tax Reform Could Alter Your ESOP Strategy
Employee Stock Ownership Plans (ESOPs) have offered a tax-advantaged exit strategy for privately-held business owners since 1974, but Congress recently
Business Tax
New R&D Expense Amortization May Hurt Cash Flows, Valuations
Research and development, which is the lifeblood that keeps many companies competitive, will soon lose some of its advantageous tax
Business Tax
Will Tax Reform Make C Corps Cool Again?
By the end of the 1980s, closely-held C corporations mostly went the way of Members Only jackets and the Commodore
Business Tax
Ballgames, Dinners and Tax Reform: The New Meals and Entertainment Deductions
Say goodbye to tax deductions for business entertainment expenses like baseball tickets and golf outings. It used to be OK
Business Tax
After Tax Reform, Manufacturers Need to Know about New Depreciation Rules
Encouraged by changes in tax laws, including new tax depreciation rules, manufacturers have a high level of optimism. Almost 95
Business Tax
Taxes on Fundraising Events: What Georgia Non-profits Must Know
Tax-exempt organizations rely on dinners, auctions and other special events to raise money and awareness. But could these activities bring
Business Tax
Confused by Tax Reform? It Could Help Simplify Your Company Taxes
Let’s keep this simple: Taxes can be complicated. And more than 500 pages of tax reform won’t make understanding U.S.
Business Tax
5 Things to Know about the Tax Reform Effect on Non-Profits and Universities
The recent federal tax law affects virtually every U.S. individual and business on a level not seen in decades. For charitable
Business Tax
Overseas Assets? Know Your FBAR Filing Requirements
You might be surprised to learn you qualify for the FBAR filing requirements aimed at taxpayers controlling assets in foreign financial accounts.
Business Tax
When Reshoring Manufacturing, Think Tax Breaks and Costs
Reshoring manufacturing operations to the U.S. can be financially attractive because of tax breaks and cost savings — but plan carefully.
Business Tax
Cryptocurrency and Taxes: The Impact of Mining, Spending and Trading
When it comes to the challenges of cryptocurrency and taxes, ambiguity reigns. But companies should still plan ahead to avoid future problems.
Business Tax
The State(s) of Your Business: Understanding Income Tax Nexus for Law Firms
We all know that state governments look for additional revenue to close their budget gaps. One method they use is
Business Tax
Do You Know the Tax Impact of Your U.S. or Non-U.S. Token Sale?
Initial coin offerings (ICOs) offer blockchain-based companies a whole new way to raise capital — but such companies need to be aware of tax issues.