Retirement Plans


The IRS and the Treasury Department issued final regulations containing nondiscrimination and other requirements for cash or deferred arrangements under section 401(k) and for matching and employee contributions under section 401(m) of the Internal Revenue Code ( www.treas.gov/press/releases/reports/401k122804td9169.pdf ). These regulations update and simplify many of the current rules for 401(k) plans and strengthen the nondiscrimination rules that ensure benefits for rank-and-file employees. They require employers to spread contributions over a large group of such employees before boosting high-paid employees’ ability to defer income under the plan. Although the regulations will be fully effective for plan years beginning on or after January 1, 2006, employers may implement them for plan years ending after December 28, 2004.

VIDEO

Excel walk-through: Sparklines

Want to liven up your spreadsheets with some color and graphical elements? Kelly L. Williams, CPA, Ph.D., shows how to use Excel sparklines, which illustrate data trends and patterns via small charts that fit in a single Excel cell.

PODCAST

What’s next for potential CPA licensure changes

A new model proposed by NASBA and the AICPA is designed with an eye on the future for newly licensed CPAs. The AICPA's Carl Mayes, CPA, provides background on the project and a look ahead to 2020.