Help retirement plan participants limit leakage
Should employers be concerned if their retirement plan participants withdraw money from their accounts for non-retirement purposes? A recent report from the Joint Committee on Taxation (JCT) says yes and explains why.The JCT report, titled … [Read more...]
The employee classification rule that never really was
On January 6, 2021, the U.S. Department of Labor (DOL), then under the Trump administration, announced a final rule regarding the employee-versus-independent-contractor standard under the Fair Labor Standards Act (FLSA). The effective date of the … [Read more...]
2021 – 05/06 – Tax ramifications of the NFT craze
DOL offers cybersecurity tips to benefit plan sponsors, others
Employers that sponsor employee benefit plans under the Employee Retirement Income Security Act (ERISA) face many challenges. Not the least of these is cybersecurity.In an effort to help, the U.S. Department of Labor’s Employee Benefits Security … [Read more...]
The Restaurant Revitalization Fund is now live
The COVID-19 pandemic has affected various industries in very different ways. Widespread lockdowns and discouraged movement have led to increased profitability for some manufacturers and many big-box retailers. The restaurant industry, however, has … [Read more...]
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