What is your external auditor’s responsibility for cybersecurity?
December 18, 2023
What’s the average cost of a data breach? As average losses continue to rise, it’s important for companies to understand the scope of auditors’ responsibilities related to cybersecurity.
2024 limits and thresholds for qualified retirement plans
December 15, 2023
Employers: The IRS recently issued 2024 inflation adjustments for many types of qualified retirement plans. Be sure to read up on the latest amounts.
FASB issues new segment expense disclosure rules
December 13, 2023
Starting in 2024, public companies must comply with new accounting rules requiring them to disclose more details about their business unit costs. This is the most significant change to segment expense reporting in 25 years.
The “nanny tax” must be paid for nannies and other household workers
December 12, 2023
In 2023, if you pay a household worker cash wages of $2,600 or more, you must withhold and pay Social Security and Medicare taxes. Here’s what the amount will be for 2024, along with details about possible tax obligations for household workers.
Giving gifts and throwing parties can help show gratitude and provide tax breaks
December 11, 2023
Spread some holiday cheer by giving gifts to employees or customers … or throwing a festive party. But make sure you understand the tax rules and how much can be deducted.
Highlights of next year’s fringe benefit COLAs
December 8, 2023
Employers: Are you up to speed on the recently issued 2024 cost-of-living adjustments for many popular fringe benefits? Here are some of the latest amounts.
