Delve Deeper Into Forecasting For a company to be truly successful, its ownership needs to attempt the impossible: see into the future. Forecasting key metrics — such as sales demand, receivables, payables and working capital — can help you manage overhead, offer...
Two Extra Taxes May Apply To High Income Earners High-income taxpayers face two special extra taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income. Here’s an overview of the taxes and what they may mean...
IRS Won’t Address Some Spinoff/Terminations Involving Pension Plan Assets Generally, when a qualified retirement plan terminates with surplus funds, Internal Revenue Code Section 4980 imposes an excise tax on any plan funds and property that revert to the employer...
What is an ESOP? If you’ve been in business for a while, you’ve probably considered many different employee benefits. One option that might have crossed your desk is an Employee Stock Ownership Plan (ESOP). Strictly defined, an ESOP is considered a retirement plan for...
What is a DOL Audit? Many popular retirement and health care plans must comply with the Employee Retirement Income Security Act (ERISA). Employers that sponsor one could one day receive a request from the U.S. Department of Labor (DOL) for plan-related documents. Such...
