Newsletters

All Newsletter Articles

  • Do You Know What to Do With an SOC Report? July 12, 2018 Service organization control (SOC) reports come in several varieties. They generally pertain to service organizations, like retirement plan recordkeepers or third party administrators (TPAs). The American Institute of Certified Public ...
  • Charging Plan Expenses to Participants Correctly July 12, 2018 Shaving a few basis points off plan participants’ annual returns on their retirement plan accounts can put a significant dent in their asset accumulations by the time they’re ready to ...
  • Keep Your Eye on the Ball July 12, 2018 Plan forfeitures must match plan document It’s a routine matter for employees to forfeit retirement plan benefits. Even so, plan sponsors can’t afford to become blasé about it; ERISA demands more ...
  • New Rules Affect Disability Benefit Claim Denials in Retirement Plans July 12, 2018 Does your retirement plan (or other ERISA-regulated benefit, including nonqualified “top hat” plans) contain a disability benefit? If so, do you know about the new DOL rules that took effect ...
  • COMPLIANCE ALERT July 12, 2018 Upcoming compliance deadlines: 9/17*   Extended deadline for corporate tax returns 9/17*   Extended deadline for partnership tax returns 9/30** Summary Annual Report (SAR) due for Form 5500 that was due July 31, unless extension ...
  • IRS Plans Another Delay for Foreign Currency Regs July 3, 2018 In guidance, the IRS has announced that it intends to amend regulations on income and currency gains or losses by a qualified business unit (QBU) with a functional currency that differs ...
  • Expert Witness Barred from Testifying for Taxpayer in a FBAR Case July 3, 2018 In the case heard in the U.S. District Court for the District of Connecticut, the IRS alleged that a taxpayer had willfully failed to report his interest in a foreign ...
  • Current Tax Law Offers Incentives to Send Profits to Tax Havens July 3, 2018 The Tax Cuts and Jobs Act (TCJA), passed in December of 2017, was aimed at dissuading U.S. companies from moving profits offshore. However, it may make shifting earnings to tax ...
  • Are You Ready for the New Credit Losses Standard? June 27, 2018 The new credit losses standard will require banks and other creditors to recognize losses on bad loans earlier than under current U.S. Generally Accepted Accounting Principles (GAAP). It goes into ...
  • Rolling Back Dodd-Frank, Piece By Piece June 27, 2018 On the campaign trail, President Trump promised to “do a big number” on the postcrisis Wall Street reforms. So far, he’s signed a bill easing Dodd-Frank-Act-mandated supervision of small and ...