ARTICLE | July 25, 2023 Authored by RSM US LLP Executive summary: Notice 2023-54 On July 14, 2023, the IRS issued Notice 2023-54. The notice…read more

ARTICLE | June 16, 2023 Authored by RSM US LLP Within the past few years, global food costs have risen substantially and businesses must properly…read more

February 28, 2023 – Andrew J. Reading, CPA recently authored a guest column in Business First of Buffalo. Where are the accountants? Trends and strategies…read more

In March 2022, the U.S. House of Representatives approved the Securing a Strong Retirement Act. This legislation, which is pending approval by the Senate for…read more

On December 20, 2019 the SECURE Act was signed into law. One provision of the SECURE Act requires employers to offer long-term part-time employees eligibility…read more

Pooled Employer Plans (PEPs) were created by the SECURE Act, enacted in 2019. This new plan setup is meant to address certain issues in the…read more

In March 2022, the U.S. Department of Labor issued Compliance Assistance Release No. 2022-01 – 401(k) Plan Investments in “Cryptocurrencies” (Crypto Release).   According to the…read more

The IRS Employee Plans Compliance Resolution System (EPCRS) allows a plan sponsor to correct plan operational failures using three correction programs: Self- Correction Program (SCP),…read more

Published November 9, 2021 – In late 2019 and early 2020, Congress passed two pieces of legislation which affected retirement plans. These were the Setting…read more

Published September 23, 2021 – Recently issued guidance from the Department of Labor and the AICPA provide best practices for plan management and plan fiduciaries…read more