Impact of ARPA on Multiemployer Pension Plans

Although not a permanent solution, ARPA includes important relief for eligible multiemployer pension plans and provides plan sponsors with an opportunity to return to a state of solvency that may not have been possible otherwise.

2022-04-27T14:37:52-04:00April 19, 2022|Categories: Employee Benefit Plans, Retirement|Tags: , |

Not-for-Profit Investment Policy Statements: Why They Need Review

Every not-for-profit manages funds, but not every organization has an established and well-documented Investment Policy Statement. Learn how the investment committee can review the IPS and safeguard against unnecessary investment risk.

2023-03-17T16:41:51-04:00March 29, 2022|Categories: Not-for-Profit, Private Clubs, Wealth Management|Tags: |

Accounting System Adequacy — Compliance 101 — Down to Basics!

The SF1408, Preaward Survey of Prospective Contractor (Accounting System) details some sixteen specific requirements a potential contractor must meet for their accounting system to be considered adequate. To make compliance more understandable and attainable, we've compiled the following five capabilities contractors should implement and document in written policies and procedures.

2022-03-22T13:55:20-04:00March 22, 2022|Categories: Accounting, Government Contracting|Tags: |

Take 3 Steps Now to Survive a DOL Cybersecurity Audit

Hacking and ransomware have the potential to create havoc for the assets and sensitive data housed in benefit plans across the country. As a result, in 2021, the DOL scaled up its interest in how administrators are addressing and responding to cybersecurity risks.

2024-01-25T09:52:31-05:00March 18, 2022|Categories: Cybersecurity, Employee Benefit Plans, Risk Advisory|Tags: , , |

High Inflation with Inventory? Consider a LIFO Election for the 2022 or even the 2021 Tax Year if You Received an Extension

When inflation is high, certain companies could use it as an opportunity to save on taxes. Electing LIFO for the 2021 tax year might be a smart move, but time is running out. It’s also not too early to begin evaluating LIFO calculations for 2022.

2022-03-20T10:29:35-04:00March 16, 2022|Categories: Accounting, Tax: Business|Tags: , , |

Impact of New Lease Accounting Standards for Government Contractors

Do you have a lease? If so, it is important to be aware of the new Lease Accounting Standards for Government Contractors. Lease accounting standards are changing and government contractors need to know how this will affect them.

2022-03-09T16:21:10-05:00March 9, 2022|Categories: Government Contracting|Tags: , |

FinCEN Proposed Rule for Real Estate to Combat Money Laundering, Fraud

FinCEN issued a request for public comment in advance of a new proposed rule subjecting all-cash real estate transactions to new recordkeeping requirements. If passed, real estate would fall under increased regulatory oversight.

2022-03-01T14:25:06-05:00March 1, 2022|Categories: Construction and Real Estate|Tags: |
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