Category: News

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Regulatory Pressures Slow Down Audits, Raising Fees

“Corporate finance executives say their annual audits are growing more contentious and more expensive as auditors facing heightened regulatory pressure are seeking more justification and documentation from managers. Auditors have sharply increased requests for documentation, details of internal controls processes and minutia around asset valuations, as the Public Company Accounting Oversight Board found an uptick

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Extension Of Benefits For Jobless Is Set To End

“Unless Congress acts, during the last week of December an estimated 1.3 million people will lose access to an emergency program providing them with additional weeks of jobless benefits. A further 850,000 will be denied benefits in the first quarter of 2014.”

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Regulations Issued For Midyear Reductions To 401(k) Plans

“The IRS issued final regulations that permit employers to make midyear reductions or suspensions of safe-harbor matching or nonelective contributions to retirement plans in certain situations. Proposed regulations were issued on May 18, 2009, permitting a midyear reduction or suspension of nonelective contributions if the employer incurred a substantial business hardship.”

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Small Business Saturday Gives Small Businesses A Boost

“It only comes around once a year, but it could mean a big boost for your business. Learn from these retailers who know how to leverage Small Business Saturday.”

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Construction Employers Add 11,000 Jobs In October

The industry’s unemployment rate dropped to 9 percent, showing that construction firms haven’t suffered much loss due to the 16-day Federal Government Shutdown. Employment hit a 50-month high as 11,000 jobs were added in October.

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