Scam Alert: Emails Requesting Changes to Banking Information

Scam Alert: Emails Requesting Changes to Banking Information February 19, 2024 We have recently seen an increase in companies receiving emails that appear to be from an employee requesting their banking information be changed for payroll. When you look closely, sometimes the email address is not from within the organization, although it has the employee’s…

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Construction Contract Audits: Safeguarding Your Project’s Bottom Line

Construction Contract Audits: Safeguarding Your Project’s Bottom Line February 2, 2024 Construction projects are all about building and creating something new. But the often time-consuming, capital intensive process can lead to costly overcharges, unnecessary waste, and damaging fraud. To help reduce those risks, an independent, third-party construction audit can provide an objective analysis to help…

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Senate, House Tax Chairs Announce Bipartisan Tax Deal Framework

Senate, House Tax Chairs Announce Bipartisan Tax Deal Framework January 26, 2024 Senate Finance Committee Chair Ron Wyden, D-Ore., and House Ways and Means Committee Chair Jason Smith, R-Mo. on January 16 unveiled a framework for a $78 billion bipartisan tax package that would expand the child tax credit in exchange for business-friendly provisions, including…

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Navigating the Latest Compensation Trends: Attracting and Retaining Top Talent

Navigating the Latest Compensation Trends: Attracting and Retaining Top Talent January 12, 2024 Compensation committees (CCs) face a critical and urgent challenge: designing competitive compensation strategies in a world where the economy is unpredictable, leader accountability is expected to go beyond the bottom line, and sought-after talent is scarce. So scarce, in fact, that according…

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Emergency Savings Options: A Bridge to Achieve Employee Savings Goals

Emergency Savings Options: A Bridge to Achieve Employee Savings Goals January 5, 2024 American workers are facing a savings crisis made more acute by soaring interest rates, persistent inflation, and other economic stressors. In its 2023 Workplace Wellness Survey, the Employee Benefit Research Institute (EBRI) found that 30% of workers could not pay for an…

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NEW filing requirement in 2024

NEW filing requirement in 2024 January 5, 2024 To our Clients and Friends, We want to make you aware of a NEW filing requirement in 2024. The Corporate Transparency Act (CTA), signed into law on 1/1/21, expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the U.S. Beginning in…

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New Accounting Standards Upcoming Effective Dates for Public and Private Companies

New Accounting Standards Upcoming Effective Dates for Public and Private Companies December 8, 2023 This publication summarizes the new accounting standards with mandatory1 effective dates in the first quarter of 2024 for public entities, as well as new standards that take effect in annual 2023 financial statements for nonpublic entities. Those effective dates reflect the…

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New E-File Rules for 2023 W-2s and 1099s

New E-File Rules for W-2s and 1099s November 22, 2023 More businesses will have to electronically file 2023 W-2s and 1099s due to a change made by the IRS. Treasury Decision (TD) 9972 amends filing rules for electronic filing by reducing the limit to 10 combined returns for the 2023 tax year. Prior to the…

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HSA Contribution Limits Set to Increase in 2024

HSA Contribution Limits Set to Increase in 2024 November 15, 2023 Overview The IRS annually evaluates limits and thresholds for various benefits and provides increases, as needed, to keep pace with inflation. The health savings account (HSA) contribution limits effective January 1, 2024, are among the largest HSA increases in recent years. After the inflation…

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