by JoAnn Cassell | Feb 18, 2022 | Regulations & Policies
In 2021, Paycheck Protection Program loan recipients were hit with two pieces of important news: First, the obvious: Many PPP loan holders entered the period when they could apply for loan forgiveness. Borrowers can apply once all loan proceeds have been used, any...
by JoAnn Cassell | Jan 17, 2022 | Audit Procedures, SAS 136
Your independent auditor has always adhered to auditing standards established by The Audit Standards Board of the American Institute of Certified Public Accountants (AICPA). This year, new standards will be implemented for your employee benefit plan audit. In July of...
by JoAnn Cassell | Dec 16, 2021 | 401k Plan Mistakes, Audit Insights
You probably already know your 401k plan must satisfy certain plan qualification requirements enforced by the IRS. But what you may not know is that if your plan fails to meet these requirements, you, the employer, and the plan fiduciary may be subject to personal...
by JoAnn Cassell | Nov 15, 2021 | 401k Audit Firm, 401k Plan Audit, Audit Insights, How to choose an auditor
There are many benefits to having a 401(k) plan for your employees, such as retirement savings for your team, reduced taxes on wages, and reduced taxes for the employer, to name a few. However, there are responsibilities as well, and the employer carries the...
