EBSA increases penalties for ERISA violations
January 28, 2022
Employers that sponsor retirement and health plans: The penalties for violating ERISA have been adjusted for inflation and they’ve all gone up. Details here.
How to look for missing 401(k) plan participants
January 26, 2022
Employers that sponsor 401(k) plans often lose touch with participants who leave the organization. The U.S. Department of Labor recommends various best practices for tracking them down.
Entrepreneurs and taxes: How expenses are claimed on tax returns
January 25, 2022
Entrepreneurs be aware: Not all start-up expenses can be deducted on your federal tax return right away. Some may have to be amortized over time.
Preparations vs. compilations
January 24, 2022
Small business owners: Can you name the key differences between prepared and compiled financial statements?
Numerous tax limits affecting businesses have increased for 2022
January 21, 2022
How much can your employees contribute to 401(k) plans this year? How much will your business be able to deduct for business meals, driving expenses and equipment in 2022? Here are the answers to these and other questions about tax inflation adjusted amounts and other changes affecting businesses.
Surprise billing: Expanded requirements now in effect
January 19, 2022
Employers with group health plans: Expanded requirements to prevent “surprise billing” now apply to emergency and some nonemergency services for plan years beginning on or after January 1, 2022.
