Archive for May 2021
Aprio Launches The Aprio Advisory Podcast
Discussing emerging trends, topics and stories that influence the world’s top-performing middle-market businesses ATLANTA – June 1, 2021 – Aprio LLP, a nationally recognized business advisory and certified public accounting firm, announced today the launch of The Aprio Advisory podcast. The podcast will address economic, industry and culture trends and best practices, serving as a…
Read MoreWashington Businesses: Gross Receipts May Include Customer Reimbursements, Limiting Deductions
By: Tina M. Chunn, SALT Senior Manager At a glance: The main takeaway: A new ruling out of Washington suggests that customer reimbursements may be included in gross receipts. Impact on your business: This case calls into question B&O tax deductibility for certain Washington-based businesses. Next steps: Aprio’s State and Local Tax (SALT) team has…
Read MoreVirginia Ruling Explains Documentation Requirement for Electronic Delivery of Software
By: Jess Johannesen, SALT Senior Manager At a glance: The main takeaway: A new sales tax ruling out of Virginia addresses in-depth documentation requirements for electronically delivered software purchases. Impact on your business: If your business does not have sufficient documentation to support a sales tax exemption, your tax bill could take a hit. Next…
Read MoreAprio Launches 10-year Partnership with Operation HOPE’s 1MBB Initiative
Partnership empowers Black entrepreneurs with vital financial skills to build thriving businesses ATLANTA – May 26, 2021 – Aprio, LLP, a nationally recognized, business advisory and CPA firm, announced today that it has launched a 10-year partnership with Operation HOPE’s One Million Black Businesses (1MBB) initiative, which will include providing business and financial advisory as…
Read MoreThe Pulse – What’s happening in the Economy and the Capital Markets: May 17-21
Executive Summary Buy the rumor, sell the news: From sideways stocks to bond intimidation, there’s a lot going on in the global financial markets. One of the biggest stories: a sell-off in cryptocurrency. Things are heating up: Though inflation is still a big concern, many businesses feel optimistic that the economy will only grow stronger…
Read MoreMultinational Businesses: Will Your COVID Relief Funds Impact Your R&D Incentive Claims?
At a glance: Can You Benefit from Both? Many businesses in the U.S. and the U.K. wonder whether they’re eligible to reap the benefits of the R&D tax credit and various government-backed COVID-19 relief programs. Play Your Cards Right: Though most businesses can accept funding from both sources, there is a variety of caveats and…
Read MoreWorkshop: GASB 87 – The New Lease Accounting Standard, What You Need to Know
Got questions about GASB 87? Watch the video as expert, Jason Parker, explains what you need to know and do about GASB 87. In the video, we highlight the differences between GASB 87 and previous accounting standards for state and local governments. You’ll get details on the asset types and contracts that may be scoped…
Read MoreLegal Operations: The Modern Approach to Optimizing Corporate Legal Departments
At a glance: A new approach to corporate legal departments: Recent shifts in technology and service delivery have created the modern legal operations model, prioritizing a more diverse team tackling legal and business needs simultaneously. Know the risks and rewards: Moving to an optimized legal department operations model requires technology and change, but the potential…
Read MoreThe Pulse on the Economy and Capital Markets: May 10–14, 2021
Executive Summary Inflation, inflation, inflation: That is what has been on the market’s mind over the past week, as economic data signaled that inflation is coming in faster than expected, while growth stocks sold off on the news. Expect the unexpected: Dollar stores may be the unlikely beneficiary of consumers’ frayed nerves; meanwhile, employers are…
Read MoreGSA Verified Products Portal (VPP) Implementation
May 17, 2021 – The General Services Administration (GSA) Federal Acquisition Services (FAS) issued a mandatory mass modification, Refresh 6, to all existing GSA MAS Schedule contracts. This new solicitation refresh, #47QSMD20R0001, implements the Verified Products Portal (VPP). The VPP is a manufacturer and wholesaler-facing portal containing authoritative product content that will standardize catalog-data for…
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