Insights Center: 2025 Tax & Legislative Changes
Individuals, businesses and not-for-profit organizations are all affected by the new tax law – and we are ready to help. Start by staying informed; you’ll find our analyses of the new law’s many provisions here.
LEARN MOREIRS Proposed Rule: Forfeitures in Retirement Plans
The IRS released a proposed rule on the use and timing of forfeitures in retirement plans.
PKF O’Connor Davies Announces 2023 Partner and Director Promotions
PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, today announced the promotion of 20 employees to leadership positions within the organization.
IRS Final Regulations: The Affordable Care Act (ACA)
Employers with 50 or more full-time employees (including full-time equivalent employees) in the previous year will be required to file the IRS Forms 1094-C and 1095-C (the Forms) for the 2022 calendar year.
Secure Act 2.0 – First Look at the Changes Affecting Retirement Plans
The long-awaited legislation intended to improve retirement plan savings opportunities for American workers was signed into law on December 29, 2022, as part of the Consolidated Appropriations Act of 2023.
Webinar Replay: Business Succession Strategies for Private Business Owners
Whether under consideration or underway, a business transition presents owners with weighty considerations. Planning is essential to sound succession; the […]
2023 Cost of Living Adjustments
Plan sponsors should review the cost of living adjustments (COLAs) to determine what, if any, changes need to be communicated to employees by means of orientation meetings and enrollment forms.
Changes to the 2021 Plan Year 5500
The Forms 5500/5500-SF/5500-EZ and Form instructions for the 2021 plan year were released by the Department of Labor (DOL), in conjunction with the Internal Revenue Service (IRS) and the Pension Benefit Guaranty Corporation (PBGC).
IRS Penalties for ACA Filings
Sponsors of group health plans should be familiar with the requirement for the annual filing of tax forms with the IRS (Forms 1094-C/1095-C).
Connecticut Enacts New Mandatory Auto-IRA Program
States continue to address the lack of retirement plan offerings for their residents.
IRS Announces New Employee Plan Pre-Examination Compliance Pilot Program
Earlier this month, the IRS announced a new pilot program for pre-examination retirement plan compliance. The program is effective immediately.
March 2022 Employee Benefit Plans Alert
In this Thought Leadership article, we have summarized some employee benefit changes and reminders that our busy clients should be aware of for this quarter.
Winter 2022 – Employee Benefits Alert
The Internal Revenue Service (IRS) issued an information letter to provide guidance regarding the taxation of a cash refund of any unused transportation benefit.