by Taylor Brown | Sep 6, 2023 | INTAC Blog
A revision regarding which qualified retirement plans need independent audits when filing Form 5500 takes effect this year. The update concerns how plan participants are counted and it determines what qualifies as a large plan or a small plan. It is a game-changer for...
by Taylor Brown | Jul 3, 2023 | INTAC Blog
BACKGROUND:A veterinarian in upstate New York has been running a successful practice for 10 years. The company is a C-corporation, co-owned by a husband and wife in their 40s who are on W-2 salary, as are five additional employees in their late 20s. The business had...
by Taylor Brown | Jun 29, 2023 | INTAC Blog
BACKGROUND:A successful independent, family-owned, upscale jewelry business has been in operation for nearly 50 years. The company is a C corporation, co-owned by a husband and wife who are on W-2 salary, as are five additional employees. The business had an existing...
by Taylor Brown | Jun 22, 2021 | Just the Facts
Many small businesses rely on safe harbor 401(k) plans to stay compliant with the IRS and to allow owners and key employees to maximize their salary deferrals while providing meaningful retirement savings for all participants. Plan sponsors may select a match or...
by Taylor Brown | Jul 18, 2020 | News, Newsletters
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a massive relief bill for those suffering as a result of the Coronavirus pandemic, was signed into law. Besides the generalized financial relief afforded to individuals, as...
