Only 17% of retirement plan sponsors have begun discussing with their auditors how FASB Statement no. 157 will impact financial statements and benefit plans, according to the 2008 Plan Sponsor Retirement study by Grant Thornton in conjunction with Drinker Biddle & Reath LLP and Plan Sponsor Advisors LLC.
Source: Grant Thornton LLP, www.grantthornton.com .
SPONSORED REPORT
Get your clients ready for tax seasonThese year-end tax planning strategies address recent tax law changes enacted to help taxpayers deal with the pandemic, such as tax credits for sick leave and family leave and new rules for retirement plan distributions, as well as techniques for putting your clients in the best possible tax position.
RESOURCES
Keeping you informed and prepared amid the coronavirus crisisWe’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.