How effective is your company’s 401(k) plan, in terms of what you hope to accomplish? This is a subject of ongoing debate in public policy forums these days. It’s a good idea occasionally to rethink your plan and the philosophy you bring to it. The process may result in making changes — or not. Either way,...
Read more →The IRS has made changes in its Voluntary Classification Settlement Program (VCSP), which allows employers to reclassify independent contractors as employees at a lower tax cost. More businesses are now eligible. A deadline is coming up on June 30 for employers who want to apply for the VCSP but didn’t file the required 1099...
Read more →In case you missed them, here are some of the most read articles from our accounting newsletter and blog in the first quarter of 2013. Click the article title to view the full article in a new window. Will the Healthcare Law Increase Your Costs? The sweeping Affordable Care Act has provisions that have...
Read more →E. Cohen and Company, CPAs would like to thank our 11,000+ loyal subscribers of our bi-weekly accounting newsletter; if you don’t get it, we invite you to sign up now to receive it. Most clicked on articles of January 2013 include: ✔ Fiscal Cliff Resolution Summary ✔ IRS Provides Guidance on the New 0.9...
Read more →Now that the corporate tax filing season is over, accountants and their clients are turning their attention to corporate retirement plan issues and audits. Here are 6 common operational faults found by the IRS and the Department of Labor: Late Deposit of Deferrals: Many employers do not realize that deferrals must be deposited as...
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