Coronavirus
The Pulse – What’s happening in the Economy and the Capital Markets : 1/18/21 – 1/22/21
Executive Summary The economy and the markets are continuing their healthy start to the year — recent government data shows
Coronavirus
New PPP Loan Forgiveness Applications: Key Takeaways for Businesses
On January 19, 2021, the U.S. Small Business Administration (SBA) released three revised Paycheck Protection Program (PPP) loan forgiveness applications
Coronavirus
The Key Reporting Changes Provider Relief Fund Recipients Should Know for 2021
The Key Reporting Changes Provider Relief Fund Recipients Should Know for 2021 Healthcare providers that received Provider Relief Fund (PRF)
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Webinar: Examining PPP Updates for Your Dental Practice – January 15, 2021
Learn how the latest stimulus bill can affect your dental practice The Consolidated Appropriations Act, 2021 (the Act) was passed
Coronavirus
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
Coronavirus
The Pulse – What’s happening in the Economy and the Capital Markets: 1/11/21 – 1/15/21
Executive Summary Economically-sensitive stocks and commodities performed well, though overall market results were mixed for the week. Government data mirrors
Coronavirus
SBA Updates Guidance on Calculating PPP Loan Amounts
On January 19, 2021, the U.S. Small Business Administration (SBA) provided the guidance, “How to Calculate Revenue Reduction and Maximum
Coronavirus
Provider Relief Fund Reporting Portal Now Open; Reporting Deadline Delayed
Recipients of Provider Relief Fund (PRF) payments exceeding $10,000 in aggregate must register through the Provider Relief Fund Reporting Portal
Coronavirus
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
Coronavirus
SBA Establishes Procedures for Increasing First Draw PPP Loans
On January 13, 2021, the U.S. Small Business Administration (SBA) issued a Procedural Notice (the Notice) – First Draw Paycheck
Coronavirus
SBA Announces PPP Portal Access for All Lenders
On January 13, 2021, the U.S. Small Business Administration (SBA) announced that the portal to accept Paycheck Protection Program (PPP)
Coronavirus
EIDL Advances No Longer Reduce PPP Loan Forgiveness
On January 8, 2021, the U.S. Small Business Administration (SBA) issued a Procedural Notice (the Notice) – Repeal of Economic
Coronavirus
Webinar: New PPP & ERC Implications for Manufacturers
Plant shutdowns, employee furloughs, limitations on import/export activity, and more have disrupted manufacturing operations and profitability. Much needed relief may
Coronavirus
Webinar: Documenting Economic Uncertainty and the Necessity of PPP Loans
For months the SBA has indicated they will review forgiveness application for borrowers who, together with their affiliates, obtained PPP
Coronavirus
The Pulse – What’s happening in the Economy and the Capital Markets: 1/4/21 – 1/8/21
Executive Summary Economic activity continues to generally improve with the exception of industries directly impacted by COVID-19-driven shutdowns. The jobs
Coronavirus
Second Draw PPP Loan Application Released by SBA
On January 8, 2021, the U.S. Small Business Administration (SBA) released the Second Draw Borrower Application Form, SBA Form 2483-SD, for
Coronavirus
First Draw PPP Loan Application Eligibility and Requirements
On January 8, 2021, the U.S. Small Business Administration (SBA) released the Borrower Application Form, SBA Form 2483, for businesses
Coronavirus
PPP Second Draw Loan Eligibility: Calculating and Documenting Gross Receipts
On January 19, 2021, the U.S. Small Business Administration (SBA) released the guidance, “How to Calculate Revenue Reduction and Maximum
Coronavirus
SBA Releases Guidance for Second Draw Loans
On January 6, 2021, the U.S. Small Business Administration (SBA) issued the Interim Final Rule on Second Draw Loans (the
Coronavirus
The Pulse – What’s happening in the Economy and the Capital Markets: 12/19/20 – 12/31/20
Executive Summary 2020 ended with a strong December for the markets as momentum continued from November’s events. Economic data continues
Coronavirus
Education 2021 & Beyond MA&A Webinar
As 2020 fades into the rear-view mirror, gain a competitive advantage in 2021 with Aprio’s webinar series: What’s Next –
Coronavirus
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
Coronavirus
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
Coronavirus
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
Coronavirus
Consolidated Appropriations Act of 2020 Favorable to Real Estate Industry
In the 5,593-page Consolidated Appropriations Act of 2020 (the Act), there are several provisions which impact the real estate industry.
Coronavirus
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
Coronavirus
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
Coronavirus
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
Coronavirus
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
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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
Coronavirus
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,
Coronavirus
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.
Coronavirus
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
Coronavirus
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
Coronavirus
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
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Technology and the American Healthcare Revolution
Perhaps the most painful realization from the past year is the fragility of the American healthcare system. As COVID-19 challenged
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Webinar: E-Commerce in 2021: Online Experiences that Drive Sales
According to the U.S. Department of Commerce, retailers saw a 44% increase in Q2 e-commerce sales compared to the
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Reevaluating your tax plans based on the presidential election outcome
Now that Joe Biden has been projected as the winner of the U.S. presidential election by major news outlets*, you
Coronavirus
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
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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,
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3 Tech Growth Strategies For 2021 To Navigate Uncertainty
In a normal year, companies would use the final few months to set new goals and plan for the next
Coronavirus
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
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Manufacturing & Distribution 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
Coronavirus
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
Coronavirus
Webinar: 2021 Evaluation Management Guideline Changes – Are You Ready?
On January 1, 2021 the biggest regulatory change in Evaluation and Management (E/M) since 1997 goes into effect. Failure
Coronavirus
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
Coronavirus
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
Coronavirus
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
Coronavirus
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
Coronavirus
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