Monthly Archives: March 2018

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Does My Pension Plan Need to be Audited?

The first step in determining if your pension plan might need to be audited is in understanding the concepts of large plans and small plans. A large plan is a plan with 100 or more participants on the first day of the plan year and a small plan has fewer than 100 participants. Why does this matter? 

2018-11-20T13:33:59-05:00March 22, 2018|Categories: Employee Benefit Plans, Industries|Tags: , , |

In the Employee Benefit Plans World, a Year Does Not Always Equal 12 Months

We all learned in kindergarten that one year equals 12 months. Pretty simple, right? Wrong. In the Employee Benefit Plans world, a year does not always equal [...]

2019-01-16T19:28:05-05:00March 19, 2018|Categories: Employee Benefit Plans, Industries|Tags: |

To Itemize, or Not to Itemize: That Is The Question

The largest change to individual tax compliance resulting from the Tax Cuts and Jobs Act affects the calculation of various itemized deductions. Clients and friends have expressed confusion and even repeated some common misconceptions about the changes.

Why You Should Care About Virginia’s Conformity Date Change

Changes to tax law typically impact future returns, but the most recent one issued by the Virginia Department of Taxation will have some Virginians amending their 2017 state tax returns, too.