Are you doing a quarterly retirement plan loan checkup?

With a down economy, many employers are seeing an increase in loan requests from retirement plan participants.  With an increase in loan requests comes an increase in loan administrative concerns.  In fact,IRS officials have informally stated that they are seeing an increase both in loan applications and in loan defaults. Read more at Lexology… Continue Reading

New HIPAA regulations will require providers to revise notices of privacy practices

Since the publication of the final HIPAA Omnibus Rule (the “Omnibus Rule”) on January 17, 2013, health care publications have been replete with summaries highlighting changes. What seems to be lacking, however, are practical pointers on what Covered Entities need to do to come into compliance with the new regulations by the compliance deadline, September… Continue Reading

Hackers Are Multiplying and Targeting the U.S.

Editors note: This story mostly focuses on shoring up vulnerabilities of government agencies and large corporations, but small and medium businesses need to take the threat seriously as well. Here’s the story… Dire warnings from Washington about a “cyber Pearl Harbor” envision a single surprise strike from a formidable enemy that could destroy power plants… Continue Reading

Penny Wise: Time to Kill the One-Cent Coin?

President Obama dropped a bombshell in an online “Fireside Chat” Thursday that could reverberate — and shatter piggy banks — across the nation. Our commander-in-chief, it seems, wants to do away with the penny. Each one-cent piece costs 2.4 cents to mint and distribute, so the U.S. government loses money every time it puts one into… Continue Reading

Taxpayers The IRS Is Targeting This Year

Out of the millions of tax returns that are filed with the IRS each year, a certain percentage are inevitably flagged and chosen to be audited. In some cases, this is because the taxpayer filing the return is already being investigated for tax fraud or other crimes, while other returns are merely selected at random. The formula… Continue Reading