article thumbnail

401(k) Audit CPA Success Show Podcast: Final Year-End Preparations for 401(k) Plan Sponsors

Anders CPA

Key Steps for Audit Preparation. If your organization’s 401(k) plan has never been audited, follow the 80/120 rule. If you currently have between 80 and 120 participants; it may be time to prepare for your first audit. An investment advisor can also keep employees educated about their 401(k) and other investment options.

audit 52
article thumbnail

What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

There may or may not be near-term proactivity by states to embrace such databases and educational efforts, said Peterson. But as it stands now, education is a hit-or-miss proposition. Audits may increase as states share data with one another about smaller firms that log sales in several locations.