Landscape Casualty Loss Claims-What You Need to Know
February’s record setting severe winter storm brought snow, sleet and freezing rain, along with temperatures in the teens and wind chills into the single digits and below zero in some…
Blog
New Auditing Standard for Employee Benefit Plans
In July 2019, the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 136, Forming an Opinion and Reporting on Financial…
Enhancements to the Employee Retention Credit
On December 21, 2020, Congress passed its spending bill, the “Consolidated Appropriations Act (CAA), 2021 (New Law)” which includes Division N — Additional Coronavirus Response and Relief (ACRR). This second…
How to Choose a Quality Benefit Plan Auditor
A quality audit is essential in protecting the assets and financial integrity of your employee benefit plan. Not only will it help ensure that the required funds will be available…
2020 Year-End Tax Planning
Melton & Melton’s 2020 Year-End Tax Planning Summary is now available! This planning summary highlights several potential tax-saving opportunities for individuals and businesses to consider. In particular, the letter offers…
2021 IRS Pension Plan Limits
The Internal Revenue Service (IRS) recently published its cost-of-living adjustments for the 2021 tax year that will affect dollar limits for pension plans and other retirement-related taxes. For a detailed…
What Contractors Can Expect from the New Administration
This article discusses the election effect that is going to be felt in the construction industry in the months to come. For example, Biden promised to “invest $2 trillion into…
Main Street Loans Opening Up for Smaller Businesses
This article discusses the most recent announcement from the Federal Reserve Board. This is significant for small businesses because the minimum loan amount went from $250,000 to $100,000 on three…
Unclaimed Property Distributions Allowed As Self-Certified Rollovers
The article discusses a recent publication from the IRS in response to multiple requests from stakeholders asking for guidance on self-certifications. Additionally, it outlines what is required within the report…
Fighting Financial Fraud
This article discusses how the coronavirus pandemic, and in particular, telecommuting, has raised a new set of problems for managers in terms of company fraud. Working from home has its…