In November of 2023, the US Department of Labor’s Employee Benefits Security Administration (EBSA) released a report, Audit Quality Study, which is an evaluation of the audit work carried out by independent public accountants on employee benefit plans that are...
Employee turnover often triggers a wave of issues for a company and its human resources department. Even 401(k) retirement plans — one of the most sought-after employee benefits — can be impacted when a substantial number of employees are involuntarily terminated....
Opening or expanding a retail business can be an exciting endeavor filled with opportunities for growth and success. However, amidst the hustle of launching new products, attracting customers, and managing operations, it’s...
Healthcare providers are increasingly in the crosshairs of potentially catastrophic ransomware attacks and data breaches. Locked out from critical files and information, cybercriminals hold the organization hostage while demanding a payment in exchange for a...
While many types of scams occur throughout the year, we generally see a spike in IRS scams during the primary filing season of January through April. IRS scams typically occur when an impostor pretending to work for the IRS contacts an individual by phone, e-mail, or...
Are you ready to embark on the exciting journey of starting your own business? Before diving into the process of setting up a legal entity, obtaining business licenses, signing leases, and securing loans, it's crucial to conduct a thorough self-assessment. Consider...
Introduction In the rapidly evolving landscape of cyber threats, the retail industry finds itself facing unprecedented challenges. The Internet Crime Report from the FBI's Internet Crime Complaint Center reveals a concerning escalation in potential total losses in the...
Introduction As the dawn of a new year unfolds, small business owners find themselves at a pivotal juncture — a moment to reflect on past achievements, learn from challenges, and strategically chart the course for success in the coming months. In this dynamic business...
The term "mom-and-pop shop" might conjure up images of cozy storefronts and familiar faces, but the impact of these small businesses goes beyond nostalgia. In the United States, they make up a staggering 99.9% of all businesses, embodying the essence of passion,...
The retirement plan industry holds over $37 trillion in total participant retirement accounts. Yet, the industry as a whole lacks a comprehensive system of cybersecurity laws and regulations to protect those assets. The Department of Labor (DOL) has issued guidance...