Posts Tagged ‘Compliance’
Tariffs Under the Incoming Administration: Projected Changes in Trade Policy
At a glance: The full story President-elect Trump has signaled his intention to pursue an array of trade policies that could lead to higher import duties and potentially introduce new tariffs on specific nations and industries. Key measures likely to be under consideration include: While these policies are not yet finalized and may evolve as…
Read MoreDORA Compliance and ISO 27001
At a glance Schedule a consultation today. The full story: While it may feel like the time to comply with the European Union’s (EU) Digital Operational Resilience Act (DORA) was yesterday, all is not lost. The deadline for organizations operating in or supplying critical services to financial companies within the EU to comply with DORA…
Read MoreRecent Updates on the China Tariff Exclusion Process
At a glance: The full story The U.S. Trade Representative (USTR) has opened a new window for companies importing industrial machinery from China to apply for exclusions from Section 301 tariffs. (Reminder: Section 301 tariffs are trade sanctions that the U.S. can impose on foreign countries that engage in unfair trade practices or violate trade…
Read MoreIRS Continues Crackdown on Transfer Pricing Compliance, Enforcing Steep Fines
At a glance The full story: Multinational companies should take steps now to shore up transfer pricing policies and documentation or risk becoming one of the latest targets of a compliance crackdown. As evidenced by increased issuances of compliance letters to taxpayers, a surge of transfer pricing cases in the US Tax Court, and a…
Read MoreEmployee Retention Credit (ERC) Update – Voluntary Disclosure Program Reopened, IRS Special Withdrawal Program Restarts for a Limited Time, and Agency Continues Compliance Work
At a glance The full story: On August 15, 2024, the IRS announced additional updates to the Employee Retention Credit (ERC) program, including a limited reopening of the Voluntary Disclosure Program (VDP) and the continued commitment to identify and act upon claims they believe were improperly filed or for businesses that were ineligible to claim the credit. …
Read MoreSelling 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…
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