Articles
Here We Go Again: Proposed Tax Reform
Recently, two members of the Senate Finance Committee introduced a bill entitled “Charities Helping Americans Regularly Throughout the Year (CHARITY) Act of 2017” (the “Bill”).
Paid Family Leave — New Benefit Under New York Workers Compensation Laws
A new benefit called Paid Family Leave will soon become part of the New York Workers Compensation Laws.
Form 5500 Filing Reminder and Information on Employee Assistance and Wellness Plans
We would like to remind our readers that the filing date for Form 5500 is fast-approaching.
Deferred Compensation Plans – 457(b) and 457(f)
The Internal Revenue Service (IRS) issued proposed regulations intended to provide guidance with respect to the application of Internal Revenue Code (IRC) Section 457 to nonqualified deferred compensation arrangements.
Lost Participants in Employer-Sponsored Retirement Plans
Employers who sponsor retirement plans are reminded to implement procedures for dealing with former plan participants who leave their vested account balances in the plan long after they have separated from service with their employer.
PCAOB Adopts New Auditing Standard to Enhance Relevancy and Usefulness of Auditor’s Report
After many years of deliberations, outreach and exposure drafts, the Public Company Accounting Oversight Board (PCAOB) adopted a new standard aimed at expanding the audit report to provide information that they believe is important and informative to investors.
Setting Up a Family Office
By Gemma Leddy, CPA Establishing a family office is a logical next step for many individuals and families who have accumulated […]
New York Residency Audits: Keys to Preventing a Nightmare
“Taxpayer Hell!” screamed a headline in a New York Magazine article addressing New York State residency audits.
Cloud Computing: Critical Risks Small and Mid-Sized Organizations Should Address
For most small and mid-sized organizations, cloud computing is now a widely-accepted, convenient transformative technology solution that relies on a service provider to deliver a shared pool of computing capabilities (e.g. servers, storage, routers) to its customers over a private, public or hybrid network.
Form 990-PF: Direct Charitable Activities
Part IX-A of the federal Form 990-PF asks the foundation to list its four largest direct charitable activities. Often we are asked by our clients if it is necessary to provide this information and, if so, what type(s) of activities should be listed.