New York State (NYS) currently ranks third highest among the states in property tax collection. On average – according to one source – it collects nearly $7,000 per home.

Sometimes “sound bites” help us to remember actions we need to take. With this edition of Cyber Roundup, some readers might consider the following statements made in this issue as good advice which, if heeded, can help to secure your cyber peace of mind.

There is a group of bipartisan leaders in the House and Senate that is focused on making retirement plans and planning for retirement easier for employees and less costly for employers.

In Revenue Procedure 2019-19, the Internal Revenue Service (IRS) issued guidance that increases the availability of retirement plan sponsors to correct certain plan documents and plan loan failures through the IRS Self-Correction Program (SCP).

The U.S. Government Accountability Office (GAO) issued revisions to generally accepted government auditing standards (GAGAS) in July 2018.

The Securities and Exchange Commission (SEC) recently issued two proposed amendments. Both proposals are subject to a 60-day comment period following their respective publication in the Federal Register.

Recently, we received certain inquiries on the definition of “disqualified persons” at a foundation.  In connection therewith, we hope this bulletin will serve as a reference defining a disqualified person and helping to ensure that self-dealing at the private foundation does not occur.