Should your business offer emergency savings accounts?

Should your business offer emergency savings accounts?

As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked emergency savings account (PLESA) and the provision authorizing it became effective for plan years beginning January 1, 2024. The IRS recently...
Update on IRS efforts to combat questionable ERC claims

Update on IRS efforts to combat questionable ERC claims

The Employee Retention Credit (ERC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that helped enable struggling businesses to retain employees. Even though the ERTC expired for most employers at the end of the third...