Office of Management and Budget (OMB) Issues Addenda to 2021 Compliance Supplement OMB issued a Federal Register notice announcing the…
How to Handle Abandoned 401(K) Accounts Amid the Great Resignation
The trend of U.S. workers leaving their jobs and employers struggling with high levels of employee turnover continues to gain…
Tax Exempt & Government Entities Division Releases 2022 Program Letter
By Jake Cook, CPA The IRS Tax Exempt and Government Entities division released its fiscal year 2022 Program Letter on…
Nonprofit Items to Note – Winter 2022
FASB Issues ASU 2021-09, Leases (Topic 842): Discount Rate for Lessees That Are Not Public Business Entities On Nov. 11,…
House Releases Rewrite of Build Back Better Tax Proposals
A version of H.R. 5376 (the Build Back Better Act), released on October 28, 2021 by the House Budget Committee, eliminates many…
Complying with Year-End Reporting Requirements for Qualified Sick and Family Leave Wages Paid in 2021
The IRS has issued guidance to employers on year-end reporting for sick and family leave wages that were paid in…
