On July 30, the House of Representatives with a vote of 241-154 failed to gain the necessary 2/3 vote for passage of H.R. 5982, the Small Business Tax Relief Act of 2010. The bill would have repealed a controversial section of the Patient Protection and Affordable Care Act (Health Care Act P.L. 111-148) that places [...]
The responsibilities of receiving funds, disbursing funds, writing checks, signing checks, and reconciling bank accounts are often given to a single employee when in fact these duties should be separated. Having one employee responsible for all cash-related functions makes your business vulnerable to fraud. We all want to trust employees but often times employees have [...]
The IRS has been sending out questionnaires to randomly selected 401 (k) plan sponsors across the country. If you have received one of these letters you have 90 days to complete the online questionnaire. The IRS has stated that any answers given are for informational purposes only and will not trigger any sort of action [...]