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Blog
DHW’s blog is your go-to source to hear our firm’s insight on topics that affect not only the accounting industry, but also the industries in which we serve our clients.
Biden-Harris Student Debt Relief Program
On August 24, 2022, President Biden and the U. S. Department of Education announced a plan designed to help working and middle-class students with loan debt. The main provisions of this announcement are a final extension of the pause to student loan repayments through...
Contribution Remittance Schedules and Steps to Take If You Miss a Remittance Deadline
It is the employer's responsibility to ensure that tax-deferred contributions collected from employees' paychecks are transferred into the plan's trust account on time, whether it be a profit-sharing, 403(b), 401(k), or another defined contribution plan. It is the...
Employee Benefit Plan Compliance Testing
It is the fiduciary duty of defined contribution plan sponsors to ensure the plan acts in the best interest of all participants, as opposed to favoring one group or individual. The Employee Retirement Income Security Act of 1974 (ERISA) requires that plans undergo...
Retail Tips for a Successful Back-to-School Selling Season
As the summer season comes to a close and families start their back-to-school (BTS) shopping, retail’s second busiest season of the year comes at a time when there are extraordinary pressures within the economy that we have not seen in quite some time. Surging...
The Importance of SOC Reports for Plan Sponsors
A System Organization Controls report, or SOC report, is an integral part of an organization’s employee benefit plan. This report details the controls used by a service provider through review, evaluation, and testing. The report is often used by employee benefit...
Keys to Restaurant Success
Nobody ever said the restaurant industry is easy. Beaten up by COVID closures, record-high inflation, and persistent staffing shortages, some operators are just an invoice or two away from hanging up the “Sorry, We’re Closed” sign for good. Even in the best of times,...
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