Employee Benefits


EMPLOYEE BENEFITS

The IRS issues final regulations related to the “minimum cost” requirement under IRC section 420, which governs the transfer of excess defined benefit pension plan assets to a retiree health account. The new rules, which apply to transfers occurring on or after December 18, 1999, have an effective date of June 19, 2001 ( ftp.fedworld.gov/pub/irs-regs/td8948.pdf ).

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2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.