March 2018

TAX NEWS

Visit this page frequently to view current tax news. 

Congress Raises 401(k) Hardship Withdrawal Limits

Most 401(k) plans permit hardship withdrawals, though plan sponsors aren’t required to allow them. As it stands today, employees seeking…

Survey: Employers Adapt Quickly to Withholding Tax Changes

Most employers had no problems meeting the February 15, 2018, deadline to begin using the 2018 federal income tax withholding…

Are Roth IRAs Still Beneficial under the New Tax Law?

The Roth IRA remains an attractive retirement planning vehicle for many individuals after the changes made by the Tax Cuts…

Surviving an Earnout Provision in a Business Sale

If you are selling a business, the buyer may want to pay part of the price through an earnout provision….

How to Get More from Your Business Valuation

When owners and managers receive business valuations, the first thing they typically do is flip to the conclusion: What’s it…

Business Valuations Are Not Commodities

Privately-held business owners might need appraisals of their interests for many reasons, including: Strategic planning, Mergers, acquisitions and shareholder buy-ins…

The ABCs of Business Valuation

You may understand some of the theory behind business valuation, but you probably don’t know the procedures involved in the analysis…

Be Careful to Document Hardship Distributions and Plan Loans

The IRS cautions plan administrators that they must document and keep necessary records of all employees’ hardship distributions and plan…

Find Problems With Benefit Plans Before the IRS Does

In recent years, the news has been filled with accounts of employee benefit plans — especially qualified retirement plans —…