Employee Benefits


EMPLOYEE BENEFITS
The Treasury Department and the IRS issued proposed regulations on Pension Protection Act funding rules. REG-139236-07, Measurement of Assets and Liabilities for Pension Funding Purposes , will provide employers who sponsor single-employer defined benefit plans with guidance regarding the measurement of pension assets and liabilities under the new funding rules. Plan sponsors need to determine the contribution requirements that apply to their defined benefit plans for the first year that the new funding rules apply. The new funding rules are generally effective for plan years beginning on or after Jan. 1, 2008, with the regulations being proposed to be effective for plan years beginning on or after Jan. 1, 2009. Plan sponsors can rely on these proposed regulations for purposes of satisfying section 430 requirements for plan years beginning in 2008.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

QUIZ

News quiz: Economy and health care changes top CPAs’ list

CPA decision-makers’ economic outlook and the House Republicans’ proposed tax changes as part of replacing the Patient Protection and Affordable Care Act received attention recently. See how much you know with this short quiz.