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Beneficial Ownership Reporting
Updated August 2024 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...
Strategies for Food Manufacturers in 2024
In an economic landscape marked by inflationary pressures, evolving consumer preferences, and thinning profit margins, food manufacturers face a myriad of challenges that demand strategic adaptation and innovation. As the stewards of financial health within their...
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...
Key Takeaways from EBSA’s 2023 Report on Employee Benefit Plan Audits
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...
Understanding the Impact of Workforce Reductions on 401(k) Plans
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....
Navigating the Tax Implications of Opening or Expanding Your Retail Business
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...
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