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2023 Employee Benefit Plan Audit Requirement Changes
JLK Rosenberger LLP - 2024-01-18

2023 Employee Benefit Plan Audit Requirement Changes

Background The Department of Labor (DOL) requires sponsors of employee benefit plans subject to the annual Form 5500 to include an audit report from an independent qualified public accountant. There is an exception to this requirement for those with fewer than 100 plan participants at the beginning of the plan year. Old Rule The old … Continued The post 2023 Employee Benefit Plan Audit Requirement Changes first appeared on JLK Rosenberger.

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IRS Issues Section 174 Interim Guidance
JLK Rosenberger LLP - 2024-01-15

IRS Issues Section 174 Interim Guidance

Reading Time: 3 minutes Many companies that focus on innovation were required to make a significant change when claiming the federal Research and Development (R&D) tax credit last year. The change requires a company with eligible expenses under IRC Section 174 to amortize and capitalize expenses over a 5 year period for domestic and 15 … Continued The post IRS Issues Section 174 Interim Guidance first appeared on JLK Rosenberger.

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PKF Mueller - 2023-10-11

Construction mergers involve special issues unique to the industry

By Michael French, CPA, ABV, CFE, Managing Director Due diligence leading to a merger involving construction companies involves special consideration of issues unique to the industry. During times of high … The post Construction mergers involve special issues unique to the industry appeared first on PKF Mueller.

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PKF Mueller - 2023-10-11

Key objectives of buyer’s due diligence

When you’re engaging in a business transaction, there are due diligence things you need to know from a buyer’s perspective. In this next episode Kimberly Wood, CPA, CEPA, shares three … The post Key objectives of buyer’s due diligence appeared first on PKF Mueller.

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PKF Mueller - 2023-10-11

IRS pauses processing new ERC claims, plans program for businesses to address improper claims

By Christopher Migliaccio, Managing Director On Thursday, September 14th, 2023, the IRS indicated major changes to its processing of the Employee Retention Credit (ERC) effective immediately. In IR-2023-169, the IRS announced that … The post IRS pauses processing new ERC claims, plans program for businesses to address improper claims appeared first on PKF Mueller.

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PKF Mueller - 2023-10-11

Federal supplier climate risks and resilience rule

By Matt Orrell, CPA, Managing Director Regulatory requirements continue to evolve in the sustainability sector and that includes those for organizations doing business with the U.S. Federal Government. In November … The post Federal supplier climate risks and resilience rule appeared first on PKF Mueller.

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