The SECURE Act (Setting Each Community Up for Retirement) recently passed, and the effects on employer-sponsored retirement plans as well as individual tax situations are the most significant since the Pension Protection Act of 2006. The...
September 30, 2019 โ In todayโs evolving business environment, businesses rely on accounts payable for the important task of paying vendors for goods and services. For some companies, this involves numerous transactions and maintaining vendor...
September 24, 2019 โ Generally, an employee receiving employer equity grants, such as restricted stock units (RSUs) or shares of their employerโs stock from exercising employer stock options, must include in taxable income the value of the...
July 31, 2019 โ A major employer law change for business owners went into effect on July 1st, 2019 with criminal provisions effective August 1st, 2019. That is when the Minnesota Legislature enacted a new Minnesota Wage Theft Law, passed and...
July 2, 2019 โ Health plans are an important benefit that organizations offer their employees and starting in 2020, there are two new ones that organizations wanting to offer HRAs can consider. HRA The HRA (Health Reimbursement Arrangement) is a...
September 10, 2018 โ Companies try a lot of different strategies to recruit and retain talent. Given lower participation in retirement savings plans among their younger generations of staff, one company took action. As a result, the IRS seems...
March 21, 2018 โ As a business owner or employee benefits specialist, you're most likely aware of the Pension Protection Act enacted in 2006. It increased oversight of retirement accounts and held businesses accountable for underfunded accounts....
February 22, 2018 โ [9/26/18 Update: The IRS has issued further guidance on how to calculate the creditโand there is also a Q&A section.] There has been a lot of talk about the โbigโ tax law changesโmodified tax rates, deductions, etc. However,...
