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
Groskopf Named to Top 100 Most Influential List
Barnes Dennig’s Assurance Service Line Director, Thomas J. Groskopf, CPA, CVA, MBA, was named to Accounting Today’s list of the Top 100 Most Influential People in Accounting. This honor recognizes Tom’s leadership of the Center for Plain English Accounting, a key program of the American Institute of Certified
How Managed Detection and Response Helps with Compliance
Managed detection and response (MDR) services can make PCI DSS, SOC and HIPAA compliance much easier. Using a third-party to monitor networked environments for incidents will help business leaders sleep better knowing they have implemented best practices for protecting their computer systems and their clients’ information. These services typically involve
Is Your Estate Plan in Order?
With the estate and gift tax exemption at $11.58 million ($23.16 million for a married couple), there are fewer people that are exposed to the federal estate and gift tax. However, unbeknownst to many, the $11.58 million exemption (indexed for inflation) will be retired in 2025 and go back to
Parking Tax Repealed and Private Foundations Tax Change
On December 20, 2019, President Donald Trump signed into law a tax package/funding bill which retroactively repeals the transportation fringe benefit tax that was enacted in the Tax Cuts and Jobs Act (TCJA). The “Parking Tax” was an incredible burden on the tax-exempt sector and caused many organizations to pay
The SECURE Act – New Retirement Plan Legislation
On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act. The new rules will allow individuals to save more for retirement and influence how they can use the funds over time. These changes should have an immediate impact on plan sponsors and participants