Posts Tagged ‘Compliance’
Selling Foreign Stock Under the US-India Tax Treaty
By: Robert Torres At a glance Background Selling a corporation’s stock requires careful consideration of the potential tax impacts, such as gains or losses that are subject to specific tax regulations. These tax considerations multiply when involving a cross-border element because certain countries may also impose additional taxes to those levied under US tax law.…
Read MoreMORE Updates to Form 6765 for Federal R&D Tax Credits
At a glance The Full Story: On June 21, 2024, the IRS released an updated draft version of a new Form 6765 (the tax form used to claim the Federal R&D Tax Credit), revealing major updates since publishing the first draft of proposed changes in 2023. The nature of the changes, which significantly reduce the…
Read More5 Healthcare IT HIPAA Compliance Options
At a glance: To identify and achieve the right compliance programs to meet your business needs, contact us today. The full story: Aprio is the only top 25 CPA firm with a specialization in health tech and deep experience in HIPAA attestation reporting including SOC 2, ISO 27001, ISO 27701 and HITRUST CSF validated assessment and…
Read MoreWill Recent Changes to the Virginia Legislation Impact Your R&D Tax Credit Benefits?
At a glance The Full Story On April 11, 2024, Virginia Governor Glenn Youngkin signed a law modifying the state’s R&D tax credits, which allow taxpayers that engage in qualified R&D activities to offset income or bank franchise tax. Specifically, this new legislation decreases the credit cap and provides a new credit calculation and per-taxpayer…
Read MoreThe Standard Mileage Reimbursement Rate for Government Contractors
At a glance: Schedule a consultation with Aprio’s Government Contracting team today. Mileage reimbursement is a vital component of business and government activities, ensuring that employees and officials are fairly compensated for using their personal vehicles for work-related purposes. The federal mileage reimbursement rate is the standard guideline used to calculate the allowable amount for…
Read MoreImportance of Customs Compliance: The Importer’s Duty to Exercise Reasonable Care
At a glance The full story: A recent news story regarding the settlement of Ford Motor Company highlights the critical importance of adhering to customs regulations. Ford has agreed to pay $365 million to settle customs civil penalty claims alleging that the Company improperly classified imported merchandise, leading to the underpayment of duties. Ford was…
Read MoreNavigating FAR 31.205: Selected Costs: Penalties on Unallowable Costs
At a glance: Schedule a consultation with Aprio’s Government Contracting team today. The full story: In previous discussions, we’ve covered various aspects of unallowable costs, including how to account for them and the importance of not claiming them. Now let’s delve into another crucial part of the subject: the potential penalties associated with including unallowable…
Read MoreNavigating FAR 31.205: Selected Costs: Can a company incur or reimburse an employee’s unallowable costs?
At a glance: Schedule a consultation with Aprio’s Government Contracting specialists today for help identifying which costs can and can’t be claimed. The full story: Government contracts are instrumental in driving economic growth and fostering collaboration between the public and private sectors. These contracts not only provide a significant revenue stream for companies but also…
Read MoreTransfer Pricing Considerations: How to Plan and Win on International Taxes
As you be gin to audit your financial documentation, you should keep various transfer pricing considerations in mind.
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