ThomsonReuters

SEPTEMBER 2, 2021

QUESTION: Our company sponsors an ERISA health plan and has received a request from the DOL for plan-related documents. Is this an audit, and what should we expect if it is? ANSWER: The request for documents probably does signal the beginning of a DOL civil investigation (often referred to as an “audit”). You should address this inquiry without delay, as a prompt and cordial response can establish a positive rapport with the investigator.

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Compliance 98

Internal Audit 360

SEPTEMBER 2, 2021

GUEST BLOG POST. T he Institute of Internal Auditors regularly publishes useful Global Technology Audit Guides (GTAGs), available to members on their website under Standards and Guidance. They are considered recommended rather than mandatory guidance for internal auditors. As part of that effort, the IIA recently published a second edition of its guide, Auditing Identity and Access Management.

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Technology 52

ThomsonReuters

SEPTEMBER 2, 2021

What is a tax provision? Simply put, a tax provision is the estimated amount of income tax that a company is legally expected to pay to the IRS for the current year. A tax provision is just one type of provision that corporate finance departments set aside to cover a probable future expense. Other types of provisions a business typically accounts for include bad debts, depreciation, product warranties, pensions, and sales allowances.

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Start-ups Compliance Corporate Finance Finance 52

ThomsonReuters

SEPTEMBER 2, 2021

IRS Webpage: IRS Checklists for Retirement Plan Documents. Available at [link]. The IRS has updated nearly all of the “subject matter packages” used by IRS specialists when reviewing retirement plan documents. Each package consists of an Explanation, a Worksheet, and a Checksheet that are designed to be used together. The Explanations are considered IRS publications, and the Worksheets and Checksheets are IRS forms.

Compliance 52

Compliance 52

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

Marketability

ThomsonReuters

SEPTEMBER 2, 2021

Rev. Proc. 2021-36, 2021-35 I.R.B. 357 (Aug. 30, 2021). Available at [link]. The IRS has announced 2022 indexing adjustments for some crucial percentages under the Affordable Care Act (ACA). The required contribution percentage used to determine whether employer-sponsored health coverage is “affordable” for purposes of employer shared responsibility under Code § 4980H is adjusted from the 9.5% baseline to 9.61% for plan years beginning in 2022.

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ThomsonReuters

SEPTEMBER 2, 2021

DOL Model Notice of Expiration of Period of Premium Assistance. Available at [link]. With the COBRA subsidy period set to end on September 30, 2021, the deadline is fast approaching for plan administrators to distribute notices alerting assistance eligible individuals (AEIs) of the subsidy’s expiration. Plans are required to send a notice 15 to 45 days before an AEI’s subsidy ends due to the expiration of the AEI’s maximum COBRA coverage period (generally 18 months) or the end of the subsidy pe

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