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Are you having a hard time coming up with fresh ideas for social media posts? Or, maybe you’re thinking about getting started with social media, but don’t know quite what you should post.

Employee benefit plan tips for June include timeliness of participant deferrals which continues to be a hot topic with the DOL and IRS. For plan sponsors remitting participant deferrals, which include participant contributions and loan repayments.

May 6, 2015 By Kelly Critelli, CPA On May 4, Diane Wasser, Partner in Charge of EisnerAmper’s Pension Services Group, spoke before the Foundation for Accounting Education, an affiliate of the New York State Society of CPAs at their 2015

Kriste Naples-DeAngelo presented ‘Accounting and Auditing Update on Employee Benefit Plans’ during the New Jersey Society of Certified Public Accountants’ annual Employee Benefits Conference. Topics covered new accounting in the benefit plan space, standards and best practices.

Ms. Finney addressed the audit independence standards as promulgated by the AICPA, the Department of Labor and the Securities and Exchange Commission, as well as the conditions for providing non-attest services to audit plan clients.

The IRS has indicated that plan sponsors of SEPs, SIMPLE IRAs, 401(k)s, profit sharing plans and defined benefit plans, as well as ESOPs and money purchase and target benefit plans must retain a variety of plan documentation.

Late remittances of employee contributions to retirement plans continue to be an ongoing issue for Plan Sponsors. The Department of Labor (DOL) has taken the position that if the payroll taxes can be remitted in a certain time frame, so should retirement plan contributions.

Top employee benefit plan tips for March. For December 31 plan year-ends, your plan’s non-discrimination test should be completed and action should be taken to correct any testing failures. Custodians and recordkeepers are gathering information for your plan’s year-end reporting package.

May provides a perfect opportunity to evaluate and review your employee benefit plan’s investment policy statement with the plan’s investment advisor. Does your employee benefit plan have an investment policy statement? Should there be an investment policy statement?

After April 15th, plan auditors will be ready to go full force into pension season. Plan sponsors should coordinate with their plan auditors and third party administrator’s for the upcoming plan audit. Here are the keys to a successful plan audit experience.

In response to feedback that the definition of a business in ASC 805 is applied too broadly, the FASB recently clarified the definition of a business by adding guidance to assist entities with evaluating transactions.

The Financial Accounting Standards Board (FASB) issued ASC Topic 842, a new lease accounting standard that fundamentally changes the accounting guidance governing substantially all leases, including equipment and real estate leases.

A recap of a recent roundtable discussion focused on the important role compensation/human capital plays in helping companies in the life sciences industry achieve their goals.

FASB recently issued ASU 2017-09, Scope of Modification Accounting, to clarify which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting under ASC 718.

The FASB recently issued ASU 2017-04 to simplify how an entity is required to test goodwill for impairment and should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value.

Winners at the recent TiE50 pitch competition, an annual Silicon Valley event for technology startup founders, had some fun sharing their insights on what is key to success.

A recap of “The New CFO Imperative -- ESG,” a roundtable we held focused on the importance of sound ESG policies.

A newly-mandated law will require many Chicago-area businesses to provide pretax public transit benefits—which could add a tax burden for employers. 

Generally, U.S. government employees working abroad are not required to pay foreign income taxes. However, in those situations where they do have a foreign income tax liability, claiming the foreign tax credit can result in significant U.S. tax savings.

The recently enacted Tax Cuts and Jobs Act provides both challenges and opportunities for the technology and life science sector, and all 2017 financial statements will need to reflect the new tax rate and all other effects of the new tax rules.