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JLK Rosenberger LLP
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2023-05-24
HSA Maximum Contributions Increase Again in 2024
Reading time: 1 minute 30 seconds The IRS recently announced an inflation adjustment increase in the maximum contribution limits for Health Savings Accounts (HSAs) for 2024, detailed in Revenue Procedure 2023-23 (RP-23-23). What are the inflation adjustments for 2024? For individuals with self-only coverage under a high deductible health plan – the limitation is $4,150 … Continued The post HSA Maximum Contributions Increase Again in 2024 first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-05-23
SECURE Act 2.0 Changes Impacting Employers in 2024
Passed as part of the Consolidated Appropriations Act of 2023, the SECURE Act 2.0 facilitates important retirement plan reforms. Many of the changes are designed to make it easier for workers to access and participate in employer sponsored retirement plans. Concurrently, there are other provisions designed to encourage employers to offer plans with automatic enrollment … Continued The post SECURE Act 2.0 Changes Impacting Employers in 2024 first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-05-01
I.T. Must Have a Seat at the Due Diligence Table
Reading time: 2 minutes In the due diligence phase leading to a business combination, IT represents a key area that stands alongside finance, operations, and human resources in its importance to the success of a transaction. The CIO or IT director of a merging company should have a seat at the table from the earliest … Continued The post I.T. Must Have a Seat at the Due Diligence Table first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-04-21
What Affects 401k Plan Audit Pricing?
Reading time: 2 minutes 30 seconds There comes a time when a 401(k) plan “grows up” and transitions from a small to a large plan under the Employee Retirement Income Security Act (ERISA). Typically, the change in classification occurs when a plan exceeds 100 eligible participants at the beginning of the plan year. Although there … Continued The post What Affects 401k Plan Audit Pricing? first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-04-16
New National Cybersecurity Strategy Announced
Estimated read time: 3 minutes The persistent threat of an attack by cybercriminals has prompted many businesses and organizations to increase cybersecurity investments and protections. The evolving sophistication of cyber-attacks combined with unoptimized cybersecurity programs continues to leave many exposed to bad actors. The potential cost of a data breach in a small business can … Continued The post New National Cybersecurity Strategy Announced first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-04-11
Benefits of Working at a Small-er Accounting Firm
Estimated read time: 3 minutes 35 seconds Graduating accounting students are bombarded with potential career options early on, and knowing what route to take can be tough. Do you pursue the challenges of public accounting for the future career rewards that path could yield, or do you start working in the industry and attempt to … Continued The post Benefits of Working at a Small-er Accounting Firm first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-04-04
Contractors: Tips for Managing Through a Downturn
Estimated read time: 3 minutes 30 seconds Many economists predict that a recession may come toward the end of 2023 or early 2024. This is not welcome news, especially for construction companies and contractors. The reality is that the industry has already weathered its fair share of market ups and downs, and the coming year … Continued The post Contractors: Tips for Managing Through a Downturn first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-03-27
Proposed 2024 Federal Budget Includes Retirement Plan Updates
Reading time: 2 minutes 30 seconds The retirement savings crisis has garnered a lot of attention in recent months. The uncomfortable reality that many Americans may not have enough money saved to enjoy traditional retirement has been the catalyst for change. This has led to the introduction of state-managed private saving plans for private-sector employees … Continued The post Proposed 2024 Federal Budget Includes Retirement Plan Updates first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-03-23
R&D Tax Credit Update – American Innovation & Jobs Act
The federal Research & Development (R&D) tax credit has been an essential tool in providing financial support to businesses invested in innovation. It offers important support to those involved in one-time projects or long-term R&D activities. Since eligible expenses can be immediately deducted many are able to realize immediate savings making the credit quite popular. … Continued The post R&D Tax Credit Update – American Innovation & Jobs Act first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-03-22
Tim Johnson Appointed to Orange County Audit Oversight Committee
The Orange County Board of Supervisors approved the appointment of Tim Johnson, JLK Rosenberger Partner, to the Audit Oversight Committee on March 14, 2023. This committee oversees the financial reporting for Orange County, California, the sixth largest county in the United States. It provides oversight for external auditors, the Internal Audit Department, the Performance Audit … Continued The post Tim Johnson Appointed to Orange County Audit Oversight Committee first appeared on JLK Rosenberger.
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