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Novak Francella ranks first in number of multiemployer plans audited

At the 2018 International Foundation of Employee Benefit Plans annual conference the Department of Labor conducted a training session titled "Conversations with the DOL". Included in the presentation is the list of accounting firms that service multiemployer benefit plans and Novak Francella was listed as the firm servicing the most plans! Follow the link for the full presentation ...

Full presentation
Recent posts

Tax Cuts and Jobs Act (TCJA) - Impact on Tax Exempt Organizations

The 2017 Tax Cuts and Jobs Act that was enacted late in 2017 made several changes to the tax laws affecting tax-exempt organizations, including a new Unrelated Business Taxable Income (“UBTI”) tax rate at a flat 21% for any UBTI over the $1,000 standard deduction.  Caution:  These changes will make some nonprofit organizations pay federal tax that have never been taxpayers in the past.

For more information see our client bulletin:

Bulletin

FASB Update (Topic 715-20)

On August 20, 2018 the FASB issued and Auditing Standard Update on "Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans". For information related to this update please see our briefing.

Our briefing

Benefit Basics - getting organized

How organized are you? Do you have a compliance calendar? Do you know where to look to see your due dates for tax filings? How organized is your Microsoft Outlook calendar?

These are all questions you should ask yourself if you are a plan administrator ...

Full article

3 ways to protect yourself from fraud when shopping online

Online shopping enables consumers to buy almost anything from the convenience of their own homes. But comfortable surroundings can lull online shoppers into a false sense of security. You wouldn’t leave your wallet unattended in a busy shopping mall or enter a sketchy-looking shop, yet you may be taking similar risks on the Internet.

One of the biggest risks is shopping on fraudulent sites or making purchases from crooked marketplace sellers who have no intention of shipping the goods you’ve paid for. Here are three suggestions for protecting yourself:

1. Use feedback features. When shopping in online marketplaces such as eBay or Amazon, pay close attention to ratings and comments provided by previous customers about individual sellers. Bear in mind, however, that some online review platforms allow sellers to request the removal of negative reviews. And while reputable marketplaces and review sites do their best to block fake reviews, it’s possible for sellers to boost their profile…