Category Archives: DOL

New Overtime Rules Issued: What it Means for You

A change in the rules governing overtime has been coming for two years, with a sneak preview of proposed modifications last year. But on May 18, the Department of Labor (DOL) came out with its new final rules, which take … Continue reading

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ADDITIONAL PROVISIONS OF THE AFFORDABLE CARE ACT ARE BEING PHASED IN – WHAT EMPLOYERS NEED TO KNOW

The changes brought to the health care regulatory environment by the 2010 passage of the Patient Protection and Affordable Care Act are the most fundamental since the creation and implementation of Medicare and Medicaid in the 1960’s. As such, all … Continue reading

Posted in Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Tax Planning, Corporate Taxation, Department of Labor, DOL, Internal Revenue Service, Tax Planning, Uncategorized | Tagged , , , , , , , | 1 Comment

The New Code Section 1411 Medicare Tax

Taxpayers should be aware of a new tax provision, the Unearned Income Medicare Contribution, that takes effect this year.  Included in the Patient Protection and Affordable Care Act, it places a new 3.8% Medicare “surtax” on net investment income.  This … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Business, Business Tax Planning, Corporate Taxation, Department of Labor, DOL, Internal Revenue Service, Tax Compliance, Tax Planning, Uncategorized | Tagged , , , , , , | Leave a comment

Seeing the 401(k) Plan Audit for What It Is – A Value Added Service

As a seasoned 401(k) plan auditor, I am aware that very rarely do 401(k) plan clients see an audit of plan financial statements as a value added service.  Instead, they see it as a mere regulatory requirement.  Make no mistake; … Continue reading

Posted in 401 (k) plan, Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Department of Labor, DOL, Employee Benefit Plans, ERISA, Uncategorized | Tagged , , , , , | Leave a comment