Remittance Schedules: How To Know And Meet Your Deadlines

Part of offering a defined contribution plan, whether a 401(k) or a 403(b) plan, is making sure that the money participants contribute from their paycheck is deposited in their retirement account in a timely manner. While this might seem like a relatively minor and simple task in the scope of a plan sponsor’s fiduciary duties, the Department...
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IRS Notice: Farmers Given Estimated Tax Penalty Relief

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6 Ways Digitization Is Disrupting the Supply Chain

The arrival of Industry 4.0 is heralding the next era in supply chain management, in which suppliers and customers come together in entirely new ways, blurring the lines between the digital and physical worlds and erasing traditional organizational boundaries. Industry 4.0 is an overarching—and unavoidable—revolution in manufacturing, driven...

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Forfeiture Accounts: Not Just Another Participant in Your 401(K) Plan

January 1st  was the start of a new plan year and for many employee benefit plans and those charged with governance may take the first quarter of 2019 to review plan provisions, benchmark investments or evaluate service providers. One area that should be reviewed is the balance in the forfeiture account. A forfeiture account is often a...

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IRS Extends Passthrough Deduction to Real Estate Rental Activities

New IRS guidance fills in several more pieces of the Code Sec. 199A passthrough deduction puzzle. Taxpayers can generally rely on all of these new final and proposed rules.

Final Regulations

The final regulations in T.D. 98xx_1 largely adopt the proposed regulations in NPRM REG-107892-18 (August 16, 2018), but with substantial modifications.


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Out-of-State Sales Tax Compliance is a New Fact of Life for Small Businesses

Written by Monte Anderson, CPA, MAc

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Written by Doug Deihm, CPA

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Labor Department Proposes Auto-Transfer Plan for Small 401(K) Accounts

Each year, nearly 15 million American workers change jobs, with many leaving their 401(k) accounts behind. The Department of Labor (DOL) is trying to relieve this headache for plan sponsors and keep employee accounts more complete by proposing a rule that would all the transfer of retirement balances left behind in participants’ 401(k) plans...

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The Cost of Providing Employee Parking Just Went Up

Written by Sandra Nonnenmocher, CPA, MST & Robin Bodine, CPA

As a business owner or administrator for a tax-exempt organization, you are well aware of the costs of providing parking for employees e.g. lot maintenance, snow removal, insurance, security, and other lot expenses.

What you may not be aware of is under the Tax Cuts and Jobs Act,...

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What Contractors Need to Know About the PA BME Exemption

Written By: Monte Anderson, CPA
INTRODUCTION A construction contract is a written or oral agreement for the construction, reconstruction, remodeling, renovation or repair of real estate, whereby a contractor permanently attaches or affixes tangible personal property to real estate. Typically, a construction contractor will pay sales or...
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