SECURE Act Makes Improvements to Nation’s Retirement Policy
Final legislation enacted December 20, 2019 included the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which consists the most updates to retirement legislation in over a decade. Many of the provisions aim to encourage more Americans to improve their retirement savings. And while many of the changes offer
What is a Personal Financial Specialist?
And what are the benefits of meeting with a Personal Financial Specialist? To continue to be recognized as a contributor to the financial planning sector, the American Institute of Certified Public Accountants (AICPA) has developed its own credential including membership resources. Titled the Personal Financial Specialist (PFS), candidates must first
How to Reap the Hidden Value of HSA Accounts
November is the time of year when many companies begin their open enrollment period for health and other employee benefits. It is an important time to re-evaluate elections and make any updates to your election offerings, due to changes in status or maximizing the value of the benefits received. Health
New Fraudulent Scheme is Tricking Taxpayers
Although the IRS has been long aware of fraudsters using email and social media to seek out personal information, the IRS has received reports of a new successful scheme against taxpayers. In order to combat against scams and fraudulent notices, the most predominate way the IRS communicates with taxpayers is
Take Advantage of New Tax Benefits for Restaurants and Retailers
The IRS has recently issued relief for the restaurant and retail industries in complying with the Tangible Property Regulations. Revenue Procedure 2015-56 has simplified the application of the tangible property regulations to remodel-refresh projects implemented by taxpayers in the restaurant and retail industry. It is common for entities in these
Manufacturers Get Into High Gear with Growth and Compensation
Having just conducted our biennial Manufacturing Compensation & Benefits Benchmarking Study, we can confirm that local growth has certainly followed national trends. There were 70 participating companies with a near even split among the “Over 100 Employees” and “Under 100 Employees” categories with 38 and 32, respectively. Growth in the