Ty Griffith

Oct 9, 2023 | aprio.com | Ty Griffith

Main takeaway: PCI DSS v4.0 is here and signals a substantial evolution in safeguarding payment card data. Now is the time for your company to start preparing to make the shift. Impact on your business: While the PCI Security Standards Council has provided a long runway to become PCI DSS v4.0 compliant, there are 66 new requirements, 15 of which must be immediately implemented upon adoption. Next steps: Aprio’s Information Assurance Services team is leading the way with PCI DSS v4.0 implementation.

Sep 29, 2023 | aprio.com | Ty Griffith

Main takeaway: Despite launch delays and uncertainty, CMMC will be a requirement for many government contractors and will affect how the Department of Defense awards contracts. If you start preparing now to achieve CMMC compliance, it will give you a leg up on your competition. Impact on your business: For some businesses, it can take months to achieve CMMC compliance thus risking the opportunity to secure profitable government contracts resulting in a significant financial burden.

Sep 11, 2023 | aprio.com | Ty Griffith

2023 Third Quarter ReportSoftware venture capital (VC) deals have declined as economic uncertainty and rising capital costs have dealmakers sidelined. Despite the decline in venture capital activity, interest in artificial intelligence (AI) has surged to nearly two billion global ChatGPT visits. Tech layoffs, while still high, have eased compared to 2022 as tech workers now seek AI-related jobs.

Aug 30, 2023 | aprio.com | Tracey Stewart |Ty Griffith

By:  Tracey Stewart, SALT AssociateThe main takeaway: A California tax appeals decision illustrates how it’s not always clear when a business is providing a nontaxable service or engaging in a taxable lease of personal property. Assess the impact: Businesses who provide possession of a tangible property in connection with a service must consider whether the transaction will be treated as a taxable lease of property. Take the next step: Need assistance determining your transaction types?

Aug 11, 2023 | aprio.com | Ty Griffith

The main takeaway: Notice 2023-55 provides a reprieve from many elements of certain foreign tax credit regulations. Impact on your business: Taxpayers may choose to apply more favorable prior foreign tax credit regulations, including on a retroactive basis. Next steps: Aprio’s International Tax team can help multinational companies navigate complicated foreign tax credit rules in an effort to relieve a double tax burden on foreign source income.