PPP Forgiveness and Repayment: Deadline Approaching
If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?
Employers who want to recruit and retain the most talented employees gain a competitive advantage by offering a comprehensive benefits package, including high-quality medical insurance, pension plans, and profit-sharing arrangements. Yet requirements by the U.S. and New York State Departments of Labor, the IRS, and other regulatory bodies can be complex and confusing. The consequences for noncompliance can result in unforeseen penalties and unexpected repercussions.
Lumsden McCormick can remove the complexity of managing your company’s employee benefit plans.
Our employee benefits practice team provides employee benefit plan audits, tax reporting, and consulting services to employers both large and small with a variety of single and multi-employer benefit plans.
We are members of the American Institute of Certified Public Accountants’ Employee Benefit Plan Audit Quality Center. Membership requires compliance with stringent continuing education requirements and provides a network of valuable resources and industry tools.
Audit and assurance services:
For more information about employee benefit plan audit services from Lumsden McCormick, please contact the Lumsden McCormick service leaders or complete the form below.
The accounting for leases is changing significantly. The required implementation of FASB ASC 842 will mandate that most leases are included on the balance sheet as a right-of-use asset, with a corresponding lease liability. The new standard will impact nearly all commercial businesses and nonprofit organizations and is effective for annual reporting periods beginning after December 15, 2021.Learn More
As everyone knows, the COVID-19 pandemic has had a global impact beyond health and safety concerns. With millions of Americans vaccinated, where does the economy stand and what can be expected across the Upstate region, New York State, the United States, and Canada?Learn More