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Our insights on topics affecting the industries we serve.
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.
Inventory Management Best Practices
No matter if it’s raw materials, work-in-process, or finished goods, how your organization manages inventory can play a critical role in the profitability and success of your business. The pandemic has created unprecedented challenges for many industries and their...
Three Key Supply Chain Management Questions for 2022
The ongoing COVID-19 pandemic has exposed discrepancies and disruptions in global manufacturing and supply chains which have been complex and costly. The constraints on transportation and capacity, supply shortages, rising costs, and frustrated customers threaten to...
Top 5 Areas to Watch to Keep Your Benefit Plans in Compliance
Companies that offer employee benefit plans like health insurance or retirement benefits are governed by the Employee Retirement Income Security Act of 1974 (ERISA). ERISA is a federal law that requires employee benefit plan administrators to follow certain...
7 Tips to Prepare for an Employee Benefit Audit Checklist
As the plan administrator, you do your best to keep your employee benefit plan in compliance. However, once your plan has 100 or more participants, you will need to get an independent audit from an accounting firm. The auditing process can be overwhelming given the...
5 Questions to Ask When Selecting an Auditor for Your Benefit Plan
Under federal law, most organizations with an employee benefit plan (EBP) that has 100 or more participants are required to submit audited plan financial statements when they file their annual tax return or report. This audit is required to ensure that the...
Does your employee benefit plan need an audit?
Do you offer benefit plans to your employees like 401(k)? Then you may be required to have the plan audited by an independent public accountant under the Employee Retirement Income Security Act of 1974 (ERISA). ERISA requires that an annual report be filed with the...
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