Civil Cyber-Fraud Initiative Will Crack Down on Government Contractors

The DOJ's Civil Cyber-Fraud Initiative will target government contractors and grant recipients' security procedures in order to limit future cybersecurity problems. In this article, we review what you should know about the new civil cyber-fraud initiative, what might lead to infractions, and how to avoid hefty fines.

2022-05-10T14:06:43-04:00May 10, 2022|Categories: Cybersecurity, Government Contracting|Tags: |

Changes to ERC Deductions for North Carolina Employers and Expansion of NC Business Recovery Grant Program for Phase Two Applications

North Carolina’s legislature recently changed state tax laws governing employers’ ability to deduct the employee retention credit from state taxable wages and significantly expanded eligibility for a business grant program with an application deadline of June 1, 2022.

Not-for-Profit Investment Policy Statements: Benchmarking Best Practices

Investment Policy Statements dictate how a nonprofit’s investment program operates. How is performance measured? Learning how to benchmark and measure success and organize the investment committee helps to ensure investment committee members satisfy their fiduciary duties.

2022-05-02T14:57:52-04:00May 2, 2022|Categories: Not-for-Profit, Private Clubs, Wealth Management|Tags: , |

Impact of ARPA on Multiemployer Pension Plans

Although not a permanent solution, ARPA includes important relief for eligible multiemployer pension plans and provides plan sponsors with an opportunity to return to a state of solvency that may not have been possible otherwise.

2022-04-27T14:37:52-04:00April 19, 2022|Categories: Employee Benefit Plans, Retirement|Tags: , , |

How to Make Smart Investing and Tax Decisions at the Same Time

Most of us have a goal of retiring someday, so doesn't it make sense to consider strategies that minimize the taxability of your portfolio along the way? Here are a few ideas to think about when managing your portfolio in a tax-efficient manner.

2022-04-08T16:01:18-04:00April 7, 2022|Categories: Wealth Management|Tags: , |

Not-for-Profit Investment Policy Statements: Why They Need Review

Every not-for-profit manages funds, but not every organization has an established and well-documented Investment Policy Statement. Learn how the investment committee can review the IPS and safeguard against unnecessary investment risk.

2022-05-01T12:02:49-04:00March 29, 2022|Categories: Not-for-Profit, Private Clubs, Wealth Management|Tags: |

New Rules for Inherited IRAs

For many years, beneficiaries of inherited IRAs were permitted to withdraw the balances over their life expectancies. Then, the SECURE Act largely eliminated this tax deferral opportunity. Its effective date of December 31, 2019 could be called “The Day the Stretch IRA Died”.

2022-03-28T15:00:17-04:00March 28, 2022|Categories: Tax: Individual|Tags: , , |

Take 3 Steps Now to Survive a DOL Cybersecurity Audit

Hacking and ransomware have the potential to create havoc for the assets and sensitive data housed in benefit plans across the country. As a result, in 2021, the DOL scaled up its interest in how administrators are addressing and responding to cybersecurity risks.

2022-03-18T15:15:06-04:00March 18, 2022|Categories: Cybersecurity, Employee Benefit Plans|Tags: , , |

High Inflation with Inventory? Consider a LIFO Election for the 2022 or even the 2021 Tax Year if You Received an Extension

When inflation is high, certain companies could use it as an opportunity to save on taxes. Electing LIFO for the 2021 tax year might be a smart move, but time is running out. It’s also not too early to begin evaluating LIFO calculations for 2022.

2022-03-20T10:29:35-04:00March 16, 2022|Categories: Accounting, Tax: Business|Tags: , , |
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