The U.S. Treasury has adopted a new initiative to dramatically increase the number of electronic transactions for millions of citizens and businesses. It is expected to save more than $400 million and 12 million pounds of paper in the first five years alone.
Governance – Still High on the IRS Radar Screen
By now, it should come as no surprise that nonprofit governance is high on the list of IRS interest areas. This interest has, of course, been spurred on by Senate Finance Committee hearings and some highly publicized exempt organization governance failures which helped to put a black mark on the entire nonprofit sector.
Updated Laws For Businesses With New Workers
Have you hired new workers since February 3, 2010? Are you considering hiring new employees? Then you may be interested in learning more about the Hiring Incentives to Restore Employment (HIRE) Act that President Obama signed on March 18.
403(b) Retirement Plans: A Guide To Understanding
Beginning in 2009, The U.S. Department of Labor’s Notice of Adoption of Revisions to Annual Return/Report Forms issued November 2007 eliminated the exemption from the annual IRS Form 5500 reporting, disclosure, and audit requirements previously granted to ERISA-covered 403(b) Retirement Plans.