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- Unclaimed property can be a business issue
- Watch out for special rules when making a Roth conversion
- Some business meals get a full deduction
- DB(k) retirement plans are new this year
- Pay yourself reasonable wages
- The kiddie tax: A basic review
- Follow IRA withdrawal rules
- Homebuyer tax credit extension
- Collectibles face special tax rules
- Rental property tax rules are complicated
- Payroll tax update
- Don't overlook the Roth five-year holding requirement
- Can you qualify for the small business health insurance credit?
- Military tax breaks are available
- Do you need to file an FBAR?
- Roth IRA conversion: Act now, pay later?
- Start your 2010 planning with your 2009 tax return
- Don't ignore employer penalty notices
- The HIRE Act offers tax breaks for hiring
- Direct deposit: Should you buy savings bonds?
- The Patient Protection and Affordable Care Act reforms health care
- Can you take a home office deduction?
- Deducting interest expense: What you need to know
- Did you receive Form 1099-C?
- Missing a W-2?
- Who has to file an income tax return?
- New law allows early deduction for Haiti relief donations
- The dependency exemption: What you need to know
- What's your status?
- Payroll - A 2010 employer update
- Review payroll reporting for 2009
- What to expect on your 2009 return
- Check these vehicle tax breaks for 2009
- Know the rules for backup withholding
- Tax issues come with gifting stock
- Hiring seasonal employees? What you need to know
- Don't get tripped up by a wash sale
- New law includes two important tax changes
- Two IRA tax breaks are scheduled to expire soon
- Take a tax deduction for worthless stock
- Withdrawals from your SIMPLE IRA may not be so simple
- Savings bonds can help pay for college
- Tax tips for first-time employers
- First-time homebuyer credit to expire November 30
- Closing your business has tax implications
- You need basis to deduct an S corporation loss
- Unemployed? Pay health premiums from your health savings account
- Some IRA terms you should know
- Employee or independent contractor? Don't misclassify workers
- Take a penalty-free IRA withdrawal for medical expenses
- Your business vehicle expenses are deductible
- Plan for the phase-out of tax breaks
- Your business could benefit from the extended net operating loss carryback
- When is income taxable, and when is it not
- IRS has a new procedure for correcting payroll returns
- Capture tax breaks when you refinance
- Prepare now for a possible disaster
- Tax law changes could affect your 529 plan
- Two reasons to review tax payments
- The COBRA credit: What employers must know
- Don't waste your tax refund
- A new vehicle could give you a new tax break
- Check out the "making work pay" credit
- Don't overlook a theft loss deduction
- Who owes self-employment tax?
- The Internal Revenue Service and Treasury Department Release Additional FBAR Guidance
- HIRE Act
- Health Care Updates
News
Current Developments and Cost Containment Strategies Impacting Non-Profits’ Health and Retirement Programs
Contact: Paul Seach
Tel. 212-404-5557
Email: pseach@sb-cpa.com
FOR IMMEDIATE RELEASE
NEW YORK - The Employee Benefits Group of Salibello & Broder LLP (S&B) recently hosted its third roundtable discussion of 2009. Partnering with S&B on the event was Herbert L. Jamison & Co., LLP. The discussion covered recent regulatory developments, cost containment strategies and governance issues relating to employee benefit plans.
The event provided attendees the opportunity to share their experiences, concerns and questions regarding a broad range of benefit plan issues.
Bob Hamilton, a senior manager at S&B pictured at left, began the discussion by presenting some key operational issues relevant to 401(k) and 403(b) plans which have received heightened scrutiny by the Department of Labor including the timeliness of deposits for salary deferrals and the impact of a plan sponsor's failure to identify eligible compensation and apply and follow a plan's eligibility provision. Bob also led a discussion on revisions to Form 990.
Mark Shore, a senior vice president at Jamison and pictured at right, discussed effective employee benefits cost containment strategies particularly as they relate to group long term disability, group life/AD&D and health insurance.
Tony Calabrese, a Partner and chairman of the Financial Services and Investment Companies Group at S&B, discussed the significance and complexity of plan governance. His presentation highlighted the consequences for non-compliance including taxes, penalties, litigation and personal liability as well as covered some best practices in plan governance to enable plan fiduciaries to carry out their responsibilities.
Hosanna Custodio, manager at S&B, discussed changes to the Form 5500, focusing on the revisions to Schedule C disclosure for direct and indirect compensation.
More roundtable discussions of employee benefits plans will be announced soon. See www.sb-cpa.com for a schedule of upcoming events.
About Salibello & Broder
Founded in 1978, S&B is a full-service accounting and professional services firm with offices in New York and Los Angeles.
S&B maintains its status as a middle-market leader due to our dedication to value-added year-round client service, our commitment to providing the highest quality service, and our investment in the ongoing training of our staff.
The roundtable discussion format is part of a series of seminars organized by S&B's Employee Benefits Group. If you would like more information on our seminars, or would like us to present to your company, please contact Paul Seach at 212-404-5557 or pseach@sb-cpa.com.
Visit www.sb-cpa.com for a full list of services, information about S&B and to join our weekly tax tips list and to receive invitations to our upcoming events.
About Jamison
Established in 1898 in New York City's Wall Street area, Jamison has evolved to become a leading resource for risk management consultation and customized insurance and employee benefits programs. Jamison proudly serves today's dynamic businesses, continuing to focus on their very specific concerns and needs. And, through its vibrant long-term relationships with various trade and industry associations, Jamison continuously strives to anticipate and meet the risk management and insurance needs of your business.
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