Tag Archives: compliance

IRS Compliance for 2017 ACA Coverage is Needed Despite Earlier Executive Order

In January, President Trump signed an executive order regarding the Affordable Care Act. Many employers hoped that this executive order, along with significant anti-ACA sentiment in Congress, would result in the ACA being repealed. As of today, that has not happened.

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IRS Issues Clarification on “Substantially Complete” for International Information Return Penalties

What does “substantially complete” mean in the context of international taxes? This month, the IRS clarified this question in a long-awaited International Practice Unit.

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Does Your Business Need a Compliance Management System?

In addition to regulatory requirements, dated IT architecture, increased cyber risks and growing business demands, compliance is front and center in both business advisory and control roles.

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Is Your Company Affordable Care Act Compliant?

If your company had an average of more than 50 full-time employees in 2014 or 2015, there are certain Affordable Care Act (ACA) compliance requirements that go into effect for your business in 2016.

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Drug-Free Compliance for State Construction Jobs is a Mandate

Want to bid on a state construction job? Your business must be drug-free compliant. Here’s how to achieve it.

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What is a SOC 1 Report?

A SOC 1 Report (Service Organization Control Report) is a written documentation of the internal controls at a service organization as they pertain to the user entities’ controls over financial reporting. SOC 1 reports were implemented by the American Institute of CPAs to improve the regulatory and risk standards and safeguards for outsourced services.

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The Changing Landscape of State and Local Taxes

With states constantly changing their nexus standards, it is important for all multistate businesses to monitor their activities in different states to make sure they are in compliance with varying state tax laws.

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Are You in Compliance with FATCA?

Enacted in 2000 and effective July 1, 2014, the intent of FATCA is to prevent U.S. taxpayers from hiding assets overseas. The Act requires foreign financial institutions and other foreign entities to file reports with the IRS identifying their U.S. account holders or major investors.

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The Cost to Protect Your Company’s Data is Climbing: The Increasing Cost of Cybercrime

In 2014, breaches of Fortune 500 companies were mostly associated with the loss, exposure, or theft of personally identifiable information and intellectual property. The result? Cybercrime and compliance costs are climbing for companies both in the U.S. and overseas.

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Avoid Transfer Pricing Penalties

Are you aware of the tax requirements involved with transfer pricing? If you’re a global company that exchanges goods, services or intangible assets with related entities, in cross-border transactions, you should be.

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