by Eric Landro | Jan 31, 2023 | Uncategorized
Early withdrawals from retirement plans could result in penalties. Most retirement plan distributions are subject to income tax. However, taking money out of your plan can be detrimental. What’s considered early? Generally, it’s when participants take money out of a...
by Eric Landro | Jan 31, 2023 | Uncategorized
An array of tax-related limits affecting businesses have increased more than usual for 2023. These tax-related limits are indexed annually, and due to high inflation, they are expected to rise. Here are some that may be important to you and your business. The amount...
by Eric Landro | Jan 27, 2023 | Uncategorized
The U.S. Department of Labor (DOL) recently announced the 2023 annual adjustments to civil monetary penalties for a wide range of benefits-related violations. Legislation enacted in 2015 requires annual adjustments to certain penalty amounts by January 15 of each...
by Eric Landro | Jan 27, 2023 | Uncategorized
Press Release: Woodbury, New York (January 3, 2023) – Reid CPAs, LLP and Michael C. Allen & Co. of Lake Success, New York announced a definitive merger effective January 1, 2023. The merger with Michael C. Allen & Co. further increases Reid CPAs, LLP’s...
by Eric Landro | Jan 26, 2023 | Uncategorized
Robert L. Tobey, CPA, Partner If you are owed money by a business, a government, or a not-for-profit entity and you do not collect it, it’s considered unclaimed property. Unclaimed property includes many things, such as: Uncashed payroll, vendor and dividend checks,...
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