Use qualified auditors for your employee benefit plans
Employee benefit plans with 100 or more participants must generally provide an audit report when filing IRS Form 5500 each year. Plan administrators have fiduciary responsibilities to hire independent qualified public accountants to perform quality audits. Select a Qualified Auditor ERISA guidelines require employee benefit plan auditors to be licensed or certified public accountants. They […]
Raising Capital? Audited or Reviewed Financials are Essential
A clear and accurate understanding of your financial health is paramount in the current lending environment, where decisions can make or break an enterprise. Thus, the importance of audited or, at a bare minimum, reviewed financials. While many businesses might consider these processes formalities, they hold significant significance beyond compliance. In this blog, we’ll explore […]
SEPs: A powerful retroactive tax planning tool
Simplified Employee Pensions (SEPs) are sometimes regarded as the “no-brainer” first choice for high-income small-business owners who don’t currently have tax-advantaged retirement plans set up for themselves. Why? Unlike other types of retirement plans, a SEP is easy to establish and a powerful retroactive tax planning tool: The deadline for setting up a SEP is […]