Fiduciary Rule Evaluation – No Action Taken Yet

In February 2017, President Donald Trump ordered the United States Secretary of Labor to perform an analysis of the U.S. Department of Labor’s (DOL) proposed investment fiduciary rule for retirement plan advice.  The DOL first proposed the rule in September 2010 and re-proposed the rule in April 2015, finally making

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How a SOC Audit Creates Flexibility on your Internal Commitments

If your business provides outsourced service functions like payroll, cloud computing, document management, SaaS, or many others, your customers may be looking for independent validation of your controls. This could be to satisfy their own Sarbanes-Oxley requirements or as part of their own internal due diligence on vendors. In one

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Employee Benefit Plan Audit FAQ: What do I Need to Know?

Does my plan need an audit? ERISA generally requires “large plans” to have an audit of the financial statements. The general rule is that plans with 100 or more participants at the beginning of the plan year are considered “large plans,” and plans with fewer than 100 participants are considered

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Tennessee Sales Tax Registration Deadline – March 1, 2017

The Tennessee Department of Revenue issued administrative rule 1320-05-01-129(2) in 2016 requiring out of state businesses to register and collect Tennessee sales tax if their sales to Tennessee customers are more than $500,000, regardless of whether they have a physical presence in the state. According to the Department’s website, “[t]his

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