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,
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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
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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
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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
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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
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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
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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
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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.
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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
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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.
Business Tax
Tax Planning Process: Why It’s Not Just for the End of the Year
Follow these steps to ensure your business has a comprehensive tax planning process in place.
Business Tax
How to Save on Taxes When Developing a Historic Building
Many developers fail to recognize that certain projects with a historic building qualify for the Georgia Historic Rehabilitation Tax Credit. Learn more.
Business Tax
Cost Segregation Studies: 3 Ways to Get the Biggest Benefit
Cost segregation studies are a wonderful tax planning tool, but they can sometimes do more harm than good. Learn more about the common pitfalls.
Business Tax
Meals and Entertainment Deduction: Don’t Leave Money on the Table
Did you know that some qualifying expenses of the meals and entertainment deduction can actually be deducted at 100 percent? Learn more.
Business Tax
Lawyers, Don’t Walk Away from Money: Research and Development Credits Might Apply to You
Lawyers who think Research & Development Tax Credits are only for manufacturers might be missing out on money for themselves. Credits worth more than…
Business Tax
Reinvest Yesterday’s Manufacturing Tax Credits to Support Tomorrow’s Big Idea
By leveraging manufacturing tax credits to streamline processes and fund necessary upgrades, you’ll boost your company’s position in the global market.
Business Tax
How Dentists Can Save Money with This Little-Known Tax Deduction
Did you know that on-site milling of dental restoration products can qualify dentists for the Domestic Production Activities Deduction (DPAD)? Learn more.
Business Tax
Missouri Rules That Non-Profit’s Bakery Sales Are Taxable
Typically, when a not-for-profit company has tax-exempt status under section 501(c)(3) of the Internal Revenue Code, it is assumed that the company is…
Business Tax
Contracting with Third-Party Fulfillment Centers in Virginia Creates Nexus for Sales Tax
As the retail industry continues to evolve in the online marketplace, many smaller companies are using third-party fulfillment networks to store their…
Business Tax
New Jersey Rules that Intercompany Royalty Expense is Deductible
Intercompany agreements are common among groups of related entities, and they can involve (i) the provision of services from one entity to another, (ii)…
Business Tax
The Compliance Conundrum: New IRS Risks for Intercompany Debt
By staying up to speed on the latest rules and regulations, you will reduce the risk of the IRS challenging your intercompany debts.
Business Tax
Alabama and New York Rule that Purchase Mark-Up Method Allowed for Sales Tax Audits without Adequate Sales Records
We are often asked how to prepare for a sales and use tax audit. One of the keys to a successful audit is to have maintained adequate supporting records…