If you’re an employer who has adopted an IRS pre-approved defined contribution plan such as 401(k) or profit-sharing, you’ll need to have the Compliant box checked no later than July 31, 2022.
Plan document compliance to be specific. It’s the
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Sometimes SIMPLEs aren’t always simple and mistakes can happen.
A Cautionary Note on the President’s Memorandum on Payroll Tax Deferrals
On August 6 President Donald Trump signed a series of executive orders that expanded economic relief to taxpayers. One of those orders calls for employee payroll tax deferrals from September 1 through December 31, 2020.
It includes the 6.2% of
So you missed the July 31, 2020 Restatement Deadline for Pension Plans and 403(b) Plans. Here’s what you can do about it.
But wait. It may not be too late to set up a retirement plan for 2019.
COVID-19: DOL provides filing and disclosure relief
This is what we have been waiting for. In our earlier post, we reported that the Internal Revenue Service (IRS) extended various deadlines for retirement plan filing and payment obligations. At the time of that publication, the Department of
