In this blog, we address three of the most immediate questions that companies should be considering related to their retirement plans.
CARES Act Relaxes Qualified Plan and Employee Benefit Rules To Improve Cash Flow For Employer and Employees
The CARES Act includes several relief provisions for tax-qualified retirement plans, expands health care flexible spending accounts so funds can be used for over-the-counter items, clarifies some health insurance plan questions, and, through year-end, allows employers to reimburse employees for student loan payments tax-free.
Reducing the Risk of Fraud in Benefit Plans
Some plan sponsors believe that their annual plan audit should catch any fraud that occurs in their benefit plans. While audits can sometimes be helpful in identifying irregularities, they aren’t specifically designed to detect fraud. It all boils down to implementing better internal controls to prevent fraud from occurring in the first place. In this latest article, learn about recent examples of benefit plan fraud and how you can take the steps needed to protect your benefit plan from fraudulent activity.
AnchorPoint Accounting and Clark Anderson McNelis & Co. Joins Harris CPAs
Harris CPAs has announced a merger with AnchorPoint Accounting of Boise, Idaho and Clark Anderson McNelis & Co. of Coeur d’Alene, effective January 1, 2020. The mergers adds a total of 11 professionals to Harris CPAs Meridian and Coeur d’Alene offices.
5 Things You Need to Know About 1095 Reporting
What is the current status of the ACA? The short answer is: The ACA remained in full force for 2019 and all Applicable Large Employers are required to File Form 1095 for each employee.
Reinventing Retirement Benefits To Drive Millennial Engagement
Attracting and retaining millennials, the largest segment of today’s workforce, is a priority for companies in one of the tightest labor markets in history. One way to do this is to re-evaluate the company’s benefits—particularly the retirement plan—so that they better align with millennials’ needs and priorities.
Deadline Approaches for Remedial Amendments for 403(b) Plans
The IRS has released new requirements regarding plan documents for 403(b) plans that will likely result in amending your current plan document or restating your plan entirely. Now is the time to make sure your 403(b) plan is compliant before the remedial period ends March 31, 2020. Let us help you determine if changes need to be made or if you are already in the clear!
Remittance Schedules: How to Know and Meet Your Deadlines
Missing deadlines for deposits on employee benefit plan participants retirement accounts—even by a couple of days—can carry significant penalties. Our latest blog more clearly defines the requirements and how to avoid significant penalties.
Labor Department Proposes Rule to Expand Association Retirement Plans
The proposal would allow unaffiliated businesses in various industries, but with common economic interests, to join together and create a retirement plan for all employees under a single administrator.
Harris CPAs Opens a New Location in Coeur d’Alene
Harris CPAs is excited to announce the opening of a new office in Coeur d’Alene as of November 1st. The office will function to support the growing client base Harris currently has in Northern Idaho and ensures Harris clients and fellow professionals have easy face-to-face access to the Harris team when they need it. We are also excited to welcome …