Our Accounting Articles
How to Prepare for Your Employee Benefits Plan Audit: Tips for a Smooth Filing Process
Companies with Employee Benefits Plans with year-end calendar dates had until July 31st to file Form 5500 and its required audit report. Those that requested an extension had an additional 2.5 months to file, making the new deadline October 15th. That date will be here before you know it. But there’s no need to worry. read more…
Four Business Tax Credits That Cut Your Tax Bill
Tax credits reduce the amount of tax you owe, whereas deductions lower your taxable income. There are several highly valuable business tax credits you might not know about that could cut your tax bill. read more…
How Do You Pay Interns?
Internships are an excellent opportunity for students to get real-world work experience and for employers to get help with special projects and recruiting potential employees for the future. But what do you know about compensating interns? read more…
3 Ways the Passing of the SECURE Act 2.0 May Impact Your Business
The passing of the original SECURE Act in December 2019 was designed to improve retirement savings opportunities for workers. But the law was widely criticized for being too complicated and difficult to navigate. This March, the House of Representatives passed the SECURE Act 2.0. read more…
Inflation and Your Business: How to Decide if it is Time for a Loan
Inflation is a fact of life. We all know prices go up over time, and that’s never been more evident than it is right now. read more…
When Was the Last Time You Evaluated Your EBP Audit?
In 2014, an Employee Benefits Security Administration (EBSA) review found that 39% of employee benefit plan (EBP) audits conducted contained significant deficiencies to one or more applicable requirements. read more…