Tag Archives: IRS

New Year’s Resolution: Prepare Yourself for an IRS or DOL Plan Audit

How confident are you that your company’s retirement plans are being run in accordance with all legal requirements under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC)? Are you comfortable with the integrity of the annual representations made to your plan auditor that key benefit-plan controls are in place to … Continue Reading

IRS Expands Voluntary Worker Classification Compliance Program

The IRS has recently made it easier for businesses to participate in its worker classification voluntary compliance program, which allows a company that has been misclassifying workers as independent contractors to come forward voluntarily and reclassify the workers as employees.  Under this program, employers pay only a small fraction of the potential payroll tax liability. … Continue Reading
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