5 Questions Every CFO Should Ask Their Controller

Introduction

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IRS Expands Self-Correction & Determination Letter Programs for Retirement Plans

The IRS recently expanded two existing programs for tax-qualified retirement plans — the Employee Plans Compliance Resolution System (EPCRS) and the determination letter (DL) program for individually designed plans. Generally, an individually designed plan is a retirement plan drafted to be used by only one employer. A DL expresses the IRS’s...

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Guidance on Corporation Net Income Tax Treatment of The Business Interest Expense Limitation

Summary

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Top 10 Benefits of Outsourced Accounting

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1. SAVE MONEY.Outsourced Accounting provides a cost-effective solution for having accounting professionals on your team without the overhead costs, health insurance, retirement plan, vacation time, and sickdays.

2. CONVENIENCE.Cloud-based accounting software allows you the flexibility to access your financial dashboards anytime,...

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IRS & Treasury Release Additional Opportunity Zone Guidance

Summary

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City Revitalization & Improvement Zone Deadline Approaching

June 15, 2019 is the filing deadline for the CRIZ (City Revitalization and Improvement Zone).  A CRIZ is an area of up to 130 acres, comprised of parcels designated by an authority to capture state and local taxes for improvement and development in the designated CRIZ zone. These exist in sections of Bethlehem, Lancaster city, and Tamaqua Boro.

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Does Your Business Insurance Cover Failure to Pay Employee Benefit Plan Premiums?

Many employers carry general business liability insurance with fiduciary clauses to hedge against potential losses that may result from negligent acts of some sort committed by their employees. But employers may be surprised to find that the broad policy terms of their fiduciary clauses do not cover as much as they thought, especially when a...

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An Introduction to Robotic Process Automation for Insurers

 By Imran Makda and Joe Sremack

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Health Plan Held to Same ERISA Fiduciary Standards as Retirement Plans

The U.S. Department of Labor (DOL) recently asserted against a not-for-profit health plan sponsor breaches of Employee Retirement Income Security Act (ERISA) fiduciary duties and prohibited transactions for allegedly allowing the plan to pay excessive fees to its service providers.[1]   Notwithstanding the fact that the DOL lost in a federal...

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New Law Eases SBA Financing Rules for ESOPs

Small business owners looking to convert their organization to an employee-owned company may have an easier path thanks to a new law signed by President Donald Trump last year.   Before the law was passed in August 2018, the rules surrounding loans backed by the Small Business Association (SBA) used to create Employee Stock Ownership Plans...

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