A 401(k) plan is a common retirement savings option that is offered by many employers to their employees. It's important that companies know once an active participant threshold of 100 is met, the US Department of Labor (DOL) requires a certified audit of your 401(k) plan by a CPA firm. This is because there are risk factors that could impact your plan. Let's look at three of them, and how a 401(k) audit can protect you from these risks, and from financial liability.
While some people may not think that tax and accounting topics make for exciting headlines--we do! Here's a quick round up of five tax-related headlines that impact many business owners heading into Q4.
The Financial Accounting Standards Board "FASB" has proposed a one year delay in the effective date required for private companies to implement the new lease accounting rules Leases Topic 842.
Topics: Accounting Hot Topics
The IRS has increased the 2018–2019 per diem rates for substantiating employee business expenses under IRC Sec. 274(d) for lodging, meals, and incidental expenses incurred while traveling away from home.
We're excited to announce that MRPR has made Crain's 2018 list of Cool Places to Work in Michigan. MRPR ranks 78 among 100 companies recognized by their employees for having outstanding workplace culture. Also a big shout out to our clients at New Eagle, for making the list as well!