Member Articles

For enterprise businesses migrating to third-party computing, the forecast is cloudy with a 63% chance of a data breach.1

While migrating to the cloud provides a number of significant benefits including the ability to off-load network maintenance, data storage, and security, it still carries the vulnerabilities of any third party with access to your data. As many as 63% of all data breaches have been linked to third-party suppliers and contractors, like cloud providers.

Read more: Moving to the Cloud Can be Stormy for Businesses that Don’t Have Cyber Coverage in Place

If your architectural/engineering (“A/E”) firm proposes or works on government contracts, you may be asked to provide overhead rates prepared in accordance with the Federal Acquisition Regulation (“FAR”). The FAR outlines the specific rules and procedures A/E firms must follow when calculating their overhead rates. Additionally, many government agencies require that A/E firms have their overhead rates audited by a CPA.

Read more: The FAR Audit: Does Your Architectural/Engineering Firm Need One?

TAG-SP partner Firm Scopelitis, Garvin, Light, Hanson & Feary recently published an Expert Analysis piece on FMCSA’s recently published proposed rulemaking on hours of service, or HOS, for truck drivers.


Read the entire article.

Authors: Ashley Le Feuvre and Trevor Norman

In recent years there has been an unprecedented series of challenges facing the financial services industry in Jersey. However, Jersey remains robust in the face of these pressures and the industry continues to thrive, particularly for investment holding structures where real estate is a major asset class. To compliment an already flexible range of options, the Jersey Private Fund product was introduced in April 2017 and has proved hugely popular, with over 200 such funds now established.

Read more: Jersey Remains the Ideal Location for Real Estate Investment Structures

Today, the Transportation Security Administration is launching a new initiative concerning its approach to enforcement known as the Action Plan Program.

Businesses involved in the air-cargo industry, such as Indirect Air Carriers and Certified Cargo Screening Facilities, have always faced the risk of significant civil penalties assessed by TSA for noncompliance with the agency’s regulations and rules. While businesses could voluntarily disclose violations in hopes of avoiding penalties, the process for doing so was not always straightforward, leaving many confused about the proper way to engage with TSA when such issues arose.

Read more: New TSA Program Could Help Avoid Civil Penalties