The current 401(k) plan restatement cycle will close on July 31, 2022; all plan documents need to be not only restated by then, but also certified by the IRS, and adopted by employers.
Section 1202 of the Internal Revenue Code is growing in popularity among investors and may become even more valuable in 2022.
Although there are a number of ways for nonprofit organizations that now have surplus funds to approach reinvesting for growth, consider focusing in these areas.
Employers who requested an extension for their 2020 tax return may want to consider retroactive retirement plan adoption to offset their 2020 tax liability. For those who have already filed, keep this planning technique in mind for future years.
Consider these key state tax issues now that state and local governments are revisiting taxpayer compliance with nexus rules, considering new taxes on digital services, and evaluating the extent to which they are willing to conform to federal tax rules and legislation.
Using Privacy by Design (PbD) principles, nonprofits can ensure services and business processes are designed to protect privacy from the beginning rather than applied as an afterthought.
Utilizing Employee Stock Ownership Plans or ESOPs in construction companies that thrive on reputation, legacy and employee morale can be a beneficial recruiting and succession planning strategy.
We have a great opportunity for an experienced audit staff or senior to join our award-winning workplace.
Companies considering a nonqualified deferred compensation or NQDC plan as a recruiting and retention tool should understand the unique compliance requirements and other complexities of these plans.
