Trustees of public pension funds in the State of Illinois have a fiduciary duty to act solely in the best interest of the participants and
- Employee Benefit Plan News, News Flashes
CategoryNews Flashes
On August 18, 2016, The Financial Accounting Standards Board (FASB) released its long-awaited accounting standards update for not-for-profit financial reporting (with some scale-back) to keep
- News Flashes, Nonprofit Updates
Line 4l of Schedule H of the Form 5500, Annual Return/Report of Employee Benefit Plan, asks “Has the plan failed to provide any benefit when
- Employee Benefit Plan News, News Flashes
Effective January 1, 2015, all employers with Indiana withholding requirements must file the 2015 WH-3 (Annual Withholding Reconciliation Form) along with the state copy of
- News Flashes, Tax Info
The Treasury Department and Internal Revenue Service just released Notice 2016-4. This notice extends the due dates for some Affordable Care Act reporting deadlines to
- News Flashes
The AICPA’s Employee Benefit Plan Audit Quality Center’s publication The Importance of Hiring a Quality Auditor to Perform Your Employee Benefit Plan Audit is in
- Employee Benefit Plan News, News Flashes
The following release was sent to all Legacy clients and friends of the firm on December 3, 2015 Dear Clients and Friends of the Firm,
- Legacy Firm News, News Flashes, Press Releases
The Financial Accounting Standards Board (FASB) recently issued a proposed Accounting Standards Update (ASU) intended to update and improve existing standards for not-for-profit organizations financial
- News Flashes, Nonprofit Updates
The Urban Institute has experienced a breach in security. While Legacy Professionals LLP does not utilize this program, we understand several of our clients do
- Labor News, News Flashes, Nonprofit Updates
IMPORTANT – The Internal Revenue Service has issued new Form 8922 which replaces the ‘Third Party Sick Pay Recap” that was previously filed on a
- News Flashes
The Illinois Department of Revenue has issued the new income rates for individuals and businesses effective for income received on or after January 1, 2015.
- News Flashes
The Department of Labor’s Employee Benefits Security Administration (EBSA) announced via Field Assistance Bulletin on December 8, 2014 that apprenticeship plans can pay expenses for
- Employee Benefit Plan News, News Flashes