External audits can help assure your not-for-profit’s stakeholders that your financial statements are fairly presented according to U.S. Generally Accepted Accounting Principles. They can also help prevent occupational fraud. Often, audit reports contain recommendations for organizations to act on. And if you fail to make changes that respond to risks or concerns discovered in an ... Read More ›
Legacy Partners Eileen Brassil, David Zabrecky, and Tim Fagan attended the AICPA & CIMA Employee Benefit Plans Conference May 6-8, 2024 in Las Vegas. The team received relevant information and updates as well as networked with other industry leaders at this top industry conference.
For the third consecutive year, the IRS has published guidance that offers some relief to taxpayers covered by the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or other defined contribution plans. But the IRS also indicated in Notice 2024-35 that forthcoming final regulations for the rule will apply for the purposes of determining ... Read More ›