Inflation enhances the 2023 amounts for Health Savings Accounts
May 17, 2022
If your business provides Health Savings Accounts to employees, you know they have many benefits. Here are a few of them, along with the inflation-adjusted amounts for 2023. Hint: They’re going up more than they have in recent years due to high inflation.
Adding an arbitration provision to an ERISA-compliant retirement plan
May 16, 2022
Many popular retirement plans, such as 401(k)s and 403(b)s, must comply with ERISA. A recent court case addressed whether and how an arbitration provision might hold up in such plans.
Do you know the signs of financial distress in a business?
May 12, 2022
Financial distress rarely happens overnight. There are usually red flags indicating that trouble is brewing, but it might take some effort to spot them.
Keep tabs on culture to maximize productivity, minimize risks
May 11, 2022
No matter how long your organization has been around, it’s a good idea to regularly assess the advantages and risks of its culture. Here’s one time-honored tool for identifying yours.
Management letters: Follow up on your auditor’s recommendations
May 10, 2022
Take your audited financials to the next level by implementing the improvements contained in the management letter.
Businesses may receive notices about information returns that don’t match IRS records
May 9, 2022
If your business has independent contractors or makes other payments to customers or others, you probably file 1099 forms with the IRS. The tax agency is currently sending out notices about these forms to some taxpayers.
