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A solo 401(k) plan works pretty much like a traditional 401(k). For starters, you can elect to defer part of your salary to your account within generous annual limits.

In addition, average savings dropped $517 from $11,724 in May 2022 to $10,757 in June 2022.

However, nearly eight in 10 managers in finance and accounting worry about resignations from their team.

The Alexicon team, including two principals and 10 employees, will join Moss Adams on Sept. 1, 2022.

Only 28% of CEOs and CFOs polled will increase pay for all employees in response to inflation.

34% of small business owners say inflation was their biggest problem in operating their business.

Company restated its financial statements from 2014 through 2019 to correct errors caused by its reliance on “pull forwards.”

To qualify to use a SIMPLE, the business can’t employ more than 100 workers. This includes any employees who earned at least $5,000 in the previous year.

Contributions are invested and can grow and compound within your account without any current tax until withdrawals are made. This is an easy type of retirement plan to set up and maintain. 

ICPAS SUMMIT22’s more than 50 sessions will be hosted by nearly 60 thought leaders, including keynotes from some of the accounting profession’s most influential people.

Siegel is an experienced leader who has spent more than 25 years with Grant Thornton.

Volatile markets happen. The world’s most respected investors and investment firms can’t predict the market with 100% certainty.

Historically, over the past 60 years, it has been shown that during adverse economic cycles, the sales tax provides a much more consistent method of funding relative to the income tax.

KPMG said Tuesday it will hire more than 600 new employees in the Orlando area.

SEC Chair Gary Gensler has said most cryptocurrencies are investment contracts and thus securities.

If convicted of wire fraud charge, 73-year-old Bernard Turk faces a maximum jail sentence of 20 years.