Where will your accounting journey take you?

How should tax professionals invest their time and resources for firm success? For today’s tax and…

IRS Announces Special Per Diem Rates for Travel Away From Home Beginning October 1, 2022

The IRS has announced the special per diem rates that can be used to substantiate the…

IRS Extends Additional CARES Act and Disaster Relief Amendment Deadlines

IRS Notice 2022-45 (Sept. 26, 2022) Available at https://www.irs.gov/pub/irs-drop/n-22-45.pdf The IRS has extended the deadline for amending 401(k)…

No Fiduciary Breach Where Insurer Sets Guaranteed Rate of Return on Stable Value Contract in Shared Interest of Plan Participants

Rozo v. Principal Life Ins. Co., 2022 WL 4005339 (8th Cir. 2022) Available at https://ecf.ca8.uscourts.gov/opndir/22/09/212026P.pdf A 401(k) plan participant…

Will Employees’ Participation in Our Company’s Health FSA Prevent Their Spouses or Adult Children From Contributing to an HSA?

QUESTION: Our company sponsors a salary reduction health FSA that reimburses the qualifying medical expenses of participating…

Quiet Quitting and Firing Are Two Trends Businesses Want to Avoid

This blog aims to say the quiet parts out loud regarding these issues for how to…

Seventh Circuit Decision Underscores DOL’s Broad Subpoena Power

Walsh v. Alight Solutions LLC, 2022 WL 3334450 (7th Cir. 2022) Available at http://media.ca7.uscourts.gov/cgi-bin/rssExec.pl?Submit=Display&Path=Y2022/D08-12/C:21-3290:J:Brennan:aut:T:fnOp:N:2917608:S:0 While investigating alleged cybersecurity breaches…

What Expenses Can Be Reimbursed Under a Qualified Educational Assistance Program?

QUESTION: If our company sets up a qualified educational assistance program, what expenses can the program reimburse?…

Seventh Circuit Affirms Dismissal of Excessive Fee Claims Where Quality and Extent of Services Relating to Fees Were Ignored

Albert v. Oshkosh Corp., 2022 WL 3714638 (7th Cir. 2022) Available at http://media.ca7.uscourts.gov/cgi-bin/rssExec.pl?Submit=Display&Path=Y2022/D08-29/C:21-2789:J:St__Eve:aut:T:fnOp:N:2924449:S:0 The Seventh Circuit has affirmed a…

What Is Surprise Billing IDR?

QUESTION: We’ve heard that group health plan claims for certain services must be resolved under federal IDR…