In this article, we’ll review some of the key changes to Form 5500 and what the adjustments are for plans beginning January 1, 2023 or after.
Recording In-Kind Donations
September 7, 2023
Insight on DOL’s 2023 New Regulatory Agenda for Plan Sponsors
The Department of Labor views non-compliance with remittance rules as a major issue, and missing deadlines for deposits can carry significant penalties.
IRS Announces Increased Mileage Rate for Remainder of 2022
The Internal Revenue Service on June, 9th announced an increase in the optional standard mileage rate effective July 1, 2022.
Harris CPAs 2022 Economic & Tax Update Recap
This year we sift through the noise of headlines to understand what is actually happening in the economy.
ERISA Update and Outlook for 2022
ERISA Update—Past, Present and Future. Here, we outline four themes that plan sponsors should be keeping a close eye on in 2022.
Hardship Distribution Amendment Deadline is Fast Approaching
With the Dec. 31 deadline approaching, plan sponsors should act quickly to examine whether these changes were made to their plans.
2021 Year-End Tax Planning for Businesses
As 2021 heads to a close, tax increases are still expected, but the timing and content of final changes are still not certain.
2021 Year-End Tax Planning for Individuals
As we approach year end, now is the time for individuals, business owners, and family offices to review their 2021 and 2022 tax situations and identify opportunities for reducing, deferring, or accelerating tax obligations. Areas potentially impacted by proposed tax legislation still in play should be reviewed, as well as applicable opportunities and relief granted under legislation enacted during the past year.
Harris CPAs Announces a Merger with Two Firms in the Twin Falls Region
Harris CPAs has announced a merger with Deagle Ames, LLC and Ataraxis Accounting and Advisory, Chtd of Twin Falls, Idaho effective October 16, 2021. The mergers add a total of 22 professionals to the Harris CPAs team, and a new office location in Twin Falls.
Missing Participants: What Plan Sponsors Need to Know About the DOL’s Latest Guidance
While the DOL’s latest guidance on missing participants doesn’t have the force and effect of the law, plan sponsors should carefully review this guidance and adjust their processes and procedures as necessary ahead of any potential missing participant investigations.