The Department of Labor views non-compliance with remittance rules as a major issue, and missing deadlines for deposits can carry significant penalties.
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.
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.
FAQs For Plan Sponsors and Employees on Cares Act Relief
Below is a list of some of the most common questions plan sponsors face, along with our brief answers.
How to Skip Your Required Minimum Distribution in 2020
Thanks to the CARES Act, you may now skip your Required Minimum Distribution for 2020, and pull out emergency cash, without withdrawal penalties if qualified.
Deadline Extensions For 403(b) and Defined Benefit Plans
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, extends several key deadlines for 403(b) and defined benefit plan sponsors.
COVID-19’s Impact On U.S. Retirement Plans
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.
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