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Exceeding Expectations. Always. — Business Advisors and CPAs

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What Plan Sponsors Need to Know About Dol Enforcement and Red Flags

Attracting and retaining millennials, the largest segment of today’s workforce, is a priority for companies in one of the tightest labor markets in history. One way to do this is to re-evaluate the company’s benefits—particularly the retirement plan—so that they better align with millennials’ needs and priorities.
Posted: August 22nd, 2019 | Permalink

Lessors On The Lookout With New Lease Accounting Standards

Early in 2016, the Financial Accounting Standards Board (“FASB”) issued a Finance Accounting Standard Update (“Topic 842”), ushering changes to how leases will be accounted for on organizations’ balance sheets. The new standard came into effect at the beginning of 2019 for public companies and will go into effect on January 1, 2020 for private companies.
Posted: August 20th, 2019 | Permalink

How Will More Environmental Regulations Affect The Shipping Industry?

Public concern about global warming and the air we breathe means shippers will potentially find themselves operating under increasingly tight rules and thinner margins in the coming years. Like most industries that depend heavily on fossil fuels, shipping is likely to find itself in a complicated position between competing requirements.
Posted: August 13th, 2019 | Permalink

Reimagining Business Resilience For The Agile Age

Businesses need to rethink the way they manage risk in order to remain resilient and agile in today's environment.
Posted: August 8th, 2019 | Permalink

Deadline Approaches for Remedial Amendments for 403(B) Plans

Deadline January 2020: It’s important for plan sponsors to start examining their plan documents now, to determine if they are in compliance with the latest regulations. Amendments may take months to prepare and adopt. Just like filing taxes, the closer you get to the deadline, the harder—and possibly more costly—it will be to address any issues that need to be resolved.
Posted: July 31st, 2019 | Permalink