WHAT TO EXPECT ON YOUR FIRST EMPLOYEE BENEFIT PLAN AUDIT

Growing beyond 100 employees is an important landmark in a company’s history. While companies may view crossing this threshold as cause for celebration, the Department of Labor (DOL) may view it as a trigger for increased scrutiny of your employee benefit plan. Certain employee benefit plans with 100 or more eligible participants may be...
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HOW TO CORRECT RETIREMENT PLAN ERRORS

Everyone makes mistakes, and for plan sponsors, the ability to identify and remedy errors is essential for maintaining the plan’s tax benefits. For plan sponsors who may have deviated from their plan documents, or need to make other corrections, the Internal Revenue Service (IRS) provides three options to fix errors so organizations can keep all...

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401(K) PLAN COMPLIANCE: WHAT PLAN SPONSORS NEED TO KNOW

Defined contribution plans, and 401(k) plans in particular, offer myriad benefits for workers and employers, and these plans can be powerful tools to help organizations attract and retain talent. Despite these benefits, only 62 percent of private sector employees have access to a defined contribution plan, according to the Bureau of Labor...

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QuickBooks Desktop 2019 New Features

Customer Invoice History TrackerReal-time invoice status tracking. The view of invoice status includes:
  • Invoice Created and Due Date
  • Invoice Viewed Date
  • Amount/Date of Customer Receive Payment recorded in QuickBooks Desktop
  • Invoice Email Date
  • Customer Name

Prompt to Create Bill Payment When Using Write Check Check for Bills prompt will display...

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HOW TAX REFORM COULD AFFECT ESOP VALUATIONS

The Tax Cuts and Jobs Act of 2017 (TCJA) was the most sweeping change to the tax code since the mid-1980s. There were only a few provisions in the law that apply to employee stock ownership plans; the reduction of corporate taxes, in particular, will have a significant impact on stock valuations in these types of defined contribution plans. As...

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IDENTIFYING & OVERCOMING COMMON NONPROFIT CHALLENGES

By Laurie De Armond, CPA, and Adam Cole, CPA

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HOW PREDICTIVE ANALYTICS IS TRANSFORMING NPO FUNDRAISING

By Joe Sremack, CFE, and Gurjeet Singh, MCP

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Are grants subject to revenue recognition?

By Lee Klumpp, CPA, CGMA

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GOOD NEWS REGARDING TOOLING EXPENDITURES & THE R&D TAX CREDIT

Summary

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Wolters Kluwer Interview: The New Code Sec. 199A Passthrough Deduction & Proposed Regulations

Last year’s Tax Reform created a new 20-percent deduction of qualified business income for passthrough entities, subject to certain limitations. The Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97) created the new Code Sec. 199A passthrough deduction for noncorporate taxpayers, effective for tax years beginning after December 31, 2017. However, the...

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