Author Archive

by Stacey L. Spencer, QKA, Manager, Employee Benefits Services Group

Effective January 14, 2010, the Department of Labor (DOL) has established a final safe harbor rule as to what constitutes a timely deposit of participant contributions to small employee benefit plans (those with fewer than 100 participants).  To be considered timely, employee contributions, including plan loan repayments, must be made to the plan by no later than the seventh (7th) business day following the time the employee could have otherwise received cash. Continue reading “New Retirement Plan Deposit Rules” »

by Larry Brodnik, CPA, Senior Tax Partner

Several organizations have started relief efforts to help with the citizens of Haiti. If you are donating to charities providing earthquake relief in Haiti, you may be able to claim those donations on your 2009 tax return. Continue reading “Deduct 2010 Haiti Donations in 2009” »

by Jim Wagoner, CPA, Partner, Director Tax Services

Many business tax breaks expired at the end of 2009. Unless Congress acted to retroactively revive them, all of the following business tax breaks will not be available this year because they expired at the end of 2009. The tax breaks that would be extended by the “Tax Extenders Act” as passed by the House of Representatives in December of 2009 are indicated with an asterisk (*) below. Continue reading “What Tax Breaks Were Extended for 2010?” »

by Amanda Meko, CPA, Partner/Director of the Not for Profit Services Group

Record retention problems have diminished somewhat as organizations have gone paperless. But paperless doesn’t always mean paperless, and you still need to maintain a number of documents, such as tax, accounting, bank, corporate, personnel and property records. Continue reading “Develop a Well-Designed Record Retention Policy” »