By: Jared Rosen
Do not wait for an audit from the Internal Revenue Service (IRS) to solve your plan’s operational problems. Sponsors should regularly conduct self-reviews of their plan’s operations to fix—and, even better, prevent—problems, sources say. “Not enough plan sponsors are doing... Continue Reading
The Financial Accounting Standards Board (FASB) adopted standards to simplify several areas of financial reporting for employee benefit plans. These changes respond to concerns about the cost and effort to prepare plan financial statements. The standards were developed by the... Continue Reading
Recommended By: Susan Keller
Yesterday the IRS issued IRS News Release 2015-99, an update to warn taxpayers about new and improved ways scammers are threatening and fleecing taxpayers fraudulently. We wanted to take this minute to emphasize to everyone that the IRS does not... Continue Reading
Recommended By: Meyer Wolman
Your small business is booming. You need to hire help. But should your new hire be an employee or an independent contractor? Click to read USA TODAY’s “Strategies: Contractor or Employee?” Meyer T. Wolman, CPA is a Director... Continue Reading
By: Bryan Porter
As most construction executives know, getting a job completed on time and on budget often hinges on having the right mix of people serving the company. A CPA firm can provide a wide range of expertise, including strategic planning, smart growth and expansion,... Continue Reading
Recommended By: David Schriver
The IRS is taking aim at investment funds who convert management fees to capital and, as such, re-characterize the income to capital gains (vs. ordinary income). They refer to this as a “disguised payment for services” and suggest it is... Continue Reading
Featuring: Steve Manekin
Maryland attorneys estimate 5-25% of business is not billed by the hour. While hourly billing have long been the standard for law firms, alternative fee arrangements are becoming more and more common – especially since the economy soured last decade... Continue Reading
Recommended By: Susan Keller In exchange for providing a valuable service of some type tax exempt organizations are often granted exemption from the payment of certain taxes and given select other concessions, but tax exempt organizations are still a business... Continue Reading
By: Todd Feuerman
As chair of the firm’s Construction Services Group, Todd has over 25 years of experience providing audit, accounting, consulting and tax services to general contractors, specialty contractors, government contracting firms, as well as construction-focused banks and... Continue Reading
Recommended By: Kristin King
A very common concern of my clients is how to teach their children about money. This is especially true of financially successful parents that have a strong belief in raising their children not to feel entitled. This article may provide... Continue Reading