Posts Tagged ‘Compliance’
The 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.
Read More