Year-End Tax Tips And How Tax Reform Could Affect You

With a new year upon us, and the recent Tax Reform bill being signed into law, there is much uncertainty about how our personal tax situations will be impacted. The Barnes Dennig tax team is here to help keep you informed and up-to-speed with various resources. See some of the

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Fixing Plan Mistakes – Failure to Start Minimum Distributions

Managing a retirement plan can be a challenging task. There are many rules and regulations that the plan sponsor must follow which include participant deferrals, hardship loans, contribution management and limits to review and hardship distribution management. In addition, the plan sponsor needs to work closely with the plan custodian

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Department of Education Tightens Data Requirements

Cyber attacks on universities and colleges have been on the rise over the past few years. As a result, the Department of Education (DoE) has released guidance that will regulate data security practices in the education industry under the Gramm-Leach-Billey Act (GLBA). The DoE will require universities and colleges to

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What Does the DOL Look For In An Audit?

A Department of Labor (DOL) Audit can be a costly and time consuming endeavor. In addition to monetary penalties, those subjected to an audit can spend a significant amount of time gathering information in response the DOL’s inquiries. By 2016, the DOL’s monetary recoveries exceeded $700 million. What Triggers a

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Principles for Responsible Fundraising for Non-Profits

Fundraising is at the core of most nonprofit organizations’ success. Yet, finding the individuals and companies that believe in your mission enough to support you financially is only the start. Keeping them involved with your organization as active donors, involving the board in raising funds, utilizing the funds in a

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