Ohio's Commercial Activity Tax and Economic Nexus

On March 6, 2014, the Ohio Board of Tax Appeals ruled in favor of the Ohio Department of Taxation in determining that L.L. Bean, Inc. owed commercial activity ... read more >

IRS publishes final Regulations on Suspending or Reducing Safe Harbor Contributions to 401(k) and 403(b) Plans


By Scott Rain

Over the years, many 401(k) and 403(b) plans have instituted safe harbor contributions in an effort to reduce the plan’s administrative burden, including ... read more >

Foreign Bank Account Reporting (FBAR)

Any U.S. person who has a financial interest in or signatory authority over foreign financial accounts must file Form 114 (Form TD F 90-22.1 was used for ... read more >

A Guide for the Guide: The DOL Issues Proposed Regulations Relative to Service Provider Fee Disclosures


By Jason Lumpkin

The fiduciary provisions under the Employee Retirement Income Security Act of 1974 (“ERISA”) require retirement plan fiduciaries to “act ... read more >

Chinese Military Hacks Hit Home, Is Your Business Prepared?


By Dan Desko

Recently, the Department of Justice announced that it had indicted five Chinese Military officials for allegedly hacking into computer systems of a number ... read more >

IRS Office of Chief Counsel - Facility Upgrade Payments Are Includible in Income

On May 9, the IRS Office of Chief Counsel released a memorandum addressing the tax treatment for amounts that automobile dealerships receive from manufacturers ... read more >

Can't Upgrade from Windows XP? Beat the System!

Last week, I wrote about Upgrading from Windows XP, but what if you are unable to upgrade? Last month, Microsoft made good on its word that it was going ... read more >

2013 Form 5500 Compliance Update


By Gerald Nappi

The 2013 Form 5500, Annual Return/Report of Employee Benefit Plan, has been updated to include a new requirement that must be completed by all welfare ... read more >

2013 Plan Year Financial Reporting for ERISA Plans: Piece of Cake!


By Jenna Zelenski

Over the course of the past few years, there have been significant changes to financial reporting requirements for employee benefit plans. We saw the evolution ... read more >