By Michael Cecere, CPA, MSTGray, Gray & Gray, LLP In the challenging economic times we are currently experiencing, individuals seeking to supplement or replace lost income, or to get through financial crises such as unemployment and medical emergencies, have taken to “raiding” their own 401(k) plans. This is a fiscally risky move that could have […]
Keep Your Hands Out of the Cookie Jar Read More »
By Michael D. Koppel, CPATax PartnerGray, Gray & Gray, LLPMarch 2011 The recently enacted tax law (formally known as the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010) has far reaching implications for taxpayers beyond the retention of the Bush-era tax cuts. The new law has also completely changed the gift and
Big Changes to Gift & Estate Tax Read More »
By Michael Cecere, CPA, MSTGray, Gray & Gray, LLP If your company offers employees a 401(k), pension plan or other similar employee benefit plan, you are providing an important benefit. However, this benefit comes with strings attached. Those strings are the complex and burdensome fiduciary responsibilities surrounding the management of a 401(k) and similar employee
Mistakes to Avoid in Your Company’s 401(k) Plan Audit Read More »