Maintaining accurate and complete records for ERISA-covered benefit plans is not just good business practice; it’s a critical responsibility for plan sponsors. Missing documentation can create significant liabilities. For example, if a former employee, or even their...
On July 4, 2025, the One Big Beautiful Bill Act (OBBB) was signed into law. This sweeping piece of legislation makes many of the 2017 Tax Cuts and Jobs Act (TCJA) provisions permanent, while introducing new deductions and tax relief measures for businesses,...
For plan sponsors, the decision to file benefit plan forms electronically or by paper is no longer just a matter of convenience—it’s a compliance issue. With recent regulatory changes now in effect, it’s more important than ever to understand when electronic filing is...
The restaurant industry in 2025 is navigating a landscape shaped by economic volatility, evolving consumer expectations, and rapid technological advancement. From inflationary pressures to labor shortages and cybersecurity threats, operators are facing a complex mix...
As global trade dynamics continue to evolve, the restaurant industry in 2025 finds itself at the intersection of economic uncertainty and operational adaptation. Tariffs—government-imposed taxes on imported goods—are reshaping the way restaurants source ingredients,...
Succession planning in complex family enterprises demands foresight, adaptability, and the ability to anticipate several moves ahead. By combining strategic vision with the flexibility to respond to unforeseen challenges, families can forge a clear path toward...
Beginning January 1, 2024, millions of entities registered to do business within the US will become subject to the new Beneficial Ownership Information (BOI) reporting requirements. The Financial Crimes Enforcement Network (FinCEN) has been tasked with developing this...
As we enter into the new year and a new administration in Washington, D.C., there are significant updates to employee benefit plans that take effect in 2025, driven by existing legislation such as the Employee Retirement Income Security Act of 1974 (ERISA) and the...
In 2021, Congress passed the Corporate Transparency Act (CTA) with the goal of combating money-laundering, financing of terrorist activities, and tax evasion. The CTA requires that business entities, including corporations, limited liability companies, entities...
The Holiday shopping season is here, and retailers will soon be navigating the annual Black Friday and Cyber Monday events. Stores will welcome thousands of visitors, most of which will be there to legitimately shop. However, there will most likely be a few bad actors...