News

News

Basic Rules for Payroll Tax Deposits

Monday, September 26, 2016
Payroll tax deadlines can be difficult to understand.  Here are some basic rules to help you with your federal payroll tax due dates.  Read more...

HMV in the Community - Advised Fund Update

Monday, September 26, 2016

It’s September in Louisiana, in other words, school is in session, hunting season(s) have opened and best of all, tailgating and watching football is back on the weekend agenda! Our HMV Advised Fund committee would like to share with you our current “stats” and how we are planning for another successful year. Read more...

Beware of Fake IRS Tax Bill Notices

Friday, September 23, 2016

Courtesy of the Internal Revenue Service Read more...

Department of Labor – Overtime Rule

Friday, June 10, 2016

On May 18th, the United States Department of Labor (DOL) released a final rule on overtime regulations that will automatically extend overtime pay to over 4 million workers. The new rule amends the “white collar” overtime pay exemption for executive, administrative, and professional employees under the Fair Labor Standards Act (FLSA). Read more...

Department of Labor Reports on Quality of Employee Benefit Plan Audits

Friday, June 10, 2016

In May 2015, the U.S. Department of Labor (DOL) issued a report on the quality of employee benefit plan audits.  Overall, the report concluded that 39% of the audits contained major deficiencies with respect to one or more relevant generally accepted auditing standards (GAAS).  The DOL had performed a similar study in 2004 which concluded that 33% of audits contained major deficiencies. As a result of this declining trend, the Department of Labor has reached out to plan administrators asking them to consider whether their auditor is qualified to perform an audit of their plan.  Read more...

You’re Safe with Mid-Year Amendments to Safe Harbor Plans

Friday, June 10, 2016

Safe Harbor 401(k) plans are similar to traditional 401(k) plans without being subject to the complex annual nondiscrimination tests that apply to traditional plans.  Safe Harbor plans provide for employer contributions that are fully vested when made.  These contributions may be employer matching contributions limited to employees who defer, or employer non-elective contributions made on behalf of all eligible employees regardless of whether they make elective deferrals.  Read more...

Tax Relief For Victims of Louisiana Storms

Thursday, April 14, 2016
The Internal Revenue Service and Louisiana Department of Revenue are granting filing and payment extensions to taxpayers whose homes, principal place of business or critical tax records are located in the following parishes: Bossier, Caddo, Desoto, Webster, Allen, Ascension, Avoyelles, Beauregard, Bienville, Catahoula, Calcasieu, Caldwell, Claiborne, East Carroll, Grant, Jackson, La Salle, Lincoln, Livingston, Madison, Morehouse, Natchitoches, Ouachita, Rapides, Red River, Richland, St. Helena, Sabine, St. Tammany, Tangipahoa, Union, Vernon, Washington, West Carroll, Winn. Read more...

Out of Chaos Comes Change

Tuesday, March 15, 2016
Commentary courtesy of the Public Affairs Research Council of Louisiana (PAR) Read more...

Operational Reviews Can Offer Valuable, Impartial Insights

Monday, March 14, 2016

T-Rex once ruled the Earth, but failed to adapt and became extinct. Upstart competitors fared even worse, moving from crisis to crisis in the survival game without the power or cunning of the more experienced king of the dinosaur kingdom. Read more...

The Importance of Updating your Retirement Savings Beneficiary Designations

Wednesday, March 09, 2016

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