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1 month ago | 
aprio.com | Tracey Stewart |Aprio Publisher
By: Tracey Stewart, SALT Senior AssociateThe main takeaway: Despite Tennessee’s rule that generally limits the carryover of state tax attributes, a recent ruling concluded that a successor entity could utilize the predecessor’s net operating losses (NOLs) and tax credits following an F-reorganization.
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2 months ago | 
aprio.com | Kate Hooker |Aprio Publisher
By: Kate Hooker, State Income Tax DirectorThe main takeaway: A Virginia court decision addresses how the unitary business principle is applied to determine whether an owner of a PTE should compute its apportionment percentage by including its share of the PTE’s apportionment factors. Assess the impact: While some states provide guidance on how PTE owners should apportion and report income, not all do.
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Jan 17, 2025 | 
aprio.com | Aprio Publisher
The main takeaway: Michigan establishes state-level tax credits and more accessible resources for entrepreneurs and small businesses to foster innovation and cultivate new economic growth opportunities. The impact on your business: Taxpayers who already perform research and development (R&D) or may want to pursue new entrepreneurial endeavors may benefit from Michigan’s new incentives.
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Jan 16, 2025 | 
aprio.com | Aprio Publisher
The main takeaway: Many healthcare practitioners are preoccupied with the here and now of running their practices, but advance planning is paramount to creating a legacy they can pass down through generations. Impact on you: There are several steps healthcare practitioners can take to lay a strong financial foundation, from estate planning and insurance review to succession planning and finding the right retirement plan.
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Jan 15, 2025 | 
aprio.com | Aprio Publisher
The founders of a protein bar and snack manufacturing company started out as a small garage-based operation and soon became one of the first in the sector to not only hit the market but explode onto it. With a heavy prioritization of top line revenue, the owners lacked the operational knowledge needed on the manufacturing and distribution side to make effective business decisions and minimize costs.
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Jan 15, 2025 | 
aprio.com | Aprio Publisher
The main takeaway: In today’s fast-paced business environment, companies are constantly looking for ways to streamline operations and improve their resources. Impact on your business: One area where significant efficiency improvements can be made is in accounting – outsourcing accounting functions has become a popular choice for businesses of all sizes, particularly those managing grants or involved in non-profit work.
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Jan 10, 2025 | 
aprio.com | Aprio Publisher
The main takeaway: Proper financial statements are essential when managing a growing business and should provide a detailed breakdown of the business’s current financial performance. Impact on your business: Timely preparation of your restaurant’s financial statements is key to determining whether you are achieving your goals or if you must adjust. Next steps: Aprio has a dedicated accounting team that can provide audit-readiness and bookkeeping services for GAAP-ready financial statements.
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Jan 9, 2025 | 
aprio.com | Aprio Publisher
The main takeaway: Are you prepared for tax season? Discover seven key areas your business should prioritize to effectively prepare for a smooth filing process. Impact on your business: To avoid costly penalties or delays during tax season requires attention to detail, secure communication, and early action. Next steps: Do you need help to meet the April 15th (or March 15th) tax deadline? Aprio’s Tax advisors can navigate you through the upcoming tax season.
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Jan 9, 2025 | 
aprio.com | Aprio Publisher
The main takeaway: Blackstone’s recent $8-billion acquisition of Jersey Mike’s stands out as a landmark M&A event and could signal a broader shift in the market. Impact on your business: Restaurant and franchise businesses interested in pursuing an M&A deal must prioritize proactive preparation and improve key internal processes to appeal to high-profile buyers.
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Jan 9, 2025 | 
aprio.com | Aprio Publisher
“Aprio" is the brand name under which Aprio, LLP, and Aprio Advisory Group, LLC (and its subsidiaries), provide professional services. LLP and Advisory (and its subsidiaries) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. LLP is a licensed independent CPA firm that provides attest services, and Advisory and its subsidiaries provide tax and business consulting services.
