New Voluntary Disclosure Initiative Launched

Over the past few years states have focused their attention on developing tax laws that “levels the playing field” between traditional and online retailers. The main issue is that states are missing out on sales and use tax revenue from these transactions. To resolve the matters, states have issued new laws defining when taxable activity has occurred.

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Proposed Changes to Benefit Plan Audit Reporting

Most companies don’t spend much time thinking about their benefit plan audit. In most cases unless there is a service problem or fee issue the audit is conducted as part of the normal financial reporting responsibilities. Unfortunately, many are unaware that the quality of many of these audits has apparently slipped over time.

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Construction Employment Trends

Construction companies face many challenges that those in other industries are not subject to. This includes issues that can reduce project profitability and impact the company’s overall vitality. A key area of risk and ongoing challenge is recruiting and attracting qualified labor. Construction companies typically struggle with this because of the cyclical nature of the work, challenging work environment and low wage perception.

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Enhance Your Organization’s Governance Practices

Nonprofit organizations are always seeking ways to preserve and strengthen the confidence of their donors and the public at large. Typically, efforts are focused on strengthening transparency, governance and ethical standards within the nonprofit community.

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Revised Form I-9 Set for September Implementation

On July 17, the USCIS (U.S. Citizenship and Immigration Services) announced the release of a revised Form I-9, Employment Eligibility Verification. The new I-9 form, which is used by human resource professionals to verify…

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Enhance Your Plan Audit Process

Offering an employee benefit plan (EBP) is a wonderful benefit for employees, but it comes with some responsibility. For plan sponsors that have at least 100 employees eligible to participate (whether all participate or not), an audit must be performed annually by an independent CPA firm.

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How to Resolve Common 403b Plan Errors

Retirement plans are an important benefit for employers to offer as part of an incentive package to employees. Many companies offer such plans because they provide an important method for employees to save for retirement tax deferred.

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Partner Promotions Announced

Wilson Lewis is happy to announce the recent promotion of 4 individuals- Jarrod Crisp, Adam Knop, and Vivian Litton to Partners and Alexis Nash to Principal at the firm.

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