Tag Archives: Megan Broomfield

Keeping Your Balance: What to consider when contemplating a sale

Midmarket business owners consider sales, divestitures and spinoffs for a variety of reasons, both positive and negative. Fortunate triggers for a sale include opportunities to capitalize on strong acquisition markets or an owner’s planned retirement. Unhappier reasons include financial stresses ...

Read More »

Keeping Your Balance: Use caution with late deposits of employee deferrals to benefit plans

We see it quite frequently during plan audits — employee elective deferrals and loan repayments to a plan are deposited to the plan’s trust later than the time period allowed by the Department of Labor. Collectively, we refer to these ...

Read More »

Keeping Your Balance: Be prepared when your employee benefit plan is audited

Statement on Standards for Attestation Engagements No. 16, otherwise known as SSAE 16, provides guidance for service auditors, or the independent audit firms that actually prepare reports on a service organization’s systems. (Auditing Standard No. 70 [SAS 70] was split ...

Read More »