Hiring foreign nationals, particularly students, has historically benefited both the hiring organization and the foreign national or student. However, the practice has not been without its speed bumps, and regulations have been tightened in recent months. Despite these tightening regulations, most not-for-profit organizations may find it beneficial to hire foreign nationals, whether they are students or not...
Having a good working relationship and receiving great client service – these are consistently the two most important criteria we hear from organizations when they’re selecting an auditor, and we do our best to fill those criteria when conducting an engagement. An important aspect to keep in mind is balance - how the auditor, as an “independent third party,” develops a good working...
In May 2013, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) issued an updated Internal Control-Integrated Framework. COSO’s original Framework was issued in 1992 and has since been adopted by numerous organizations in establishing internal controls.
The Affordable Care Act (ACA) continues its decade-long rollout. Health care coverage through government-run marketplaces officially will begin to be available to individuals and small businesses on Jan. 1, 2014. But the launch of these marketplaces is just one of the many important developments that go into effect during the next year.
Tax credits, recordkeeping requirements and waiting periods all...
With the holidays coming up, it's a good time to review the tax rules involved in giving gifts to employees. The taxability of employee gifts generally depends on the value and the type of award. Here are some questions and answers that illustrate the complexity of the issue:
Background: Ever since cafeteria plans, also called Section 125 plans, became available in 1978, employers have complained about the rigidity of these plans. Specifically, they were troubled by the fact that, when employees did not use all of the funds in their accounts by the end of the year, those funds had to be forfeited. The main concerns have been:
You spend a lot of time in your home. And most likely, you spent a lot of money to get it. So practicing home safety is essential to protect you, your family and your property. Take these five steps and you’re on your way to a safer, more secure home.
Earlier today, the President issued a statement concerning Obamacare (aka Healthcare Reform) and potential changes to its regulation in 2014. As with other areas of Obamacare, change can occur rapidly and on a large scale.
Now is the time to examine how you have been interacting with your prospects and customers. It’s important to determine what did and did not work this year in order to put tools in place to enhance and better monetize those relationships. It is hard for many companies to do this because they don't have tools that allow them to objectively analyze their customer relationships and marketing initiatives.
The Genetic Information Nondiscrimination Act (GINA) prohibits discrimination in health coverage and employment on the basis of genetic information. Title II addresses discrimination in employment, and prohibits employers from acquiring genetic information about employees, and from using genetic information for hiring, firing or promotion decisions, and for any decisions regarding terms of employment.
Preventative medicine has become standard practice in workplace wellness programs. And one of the best tools employees can use to combat and potentially prevent illnesses is to know the medical histories of their families. Toward that end, the Surgeon General, in cooperation with the U.S. Department of Health and Human Services and other governmental agencies, has begun a Family Health Initiative.
By: Dennis Goebel Vice President, Liberty Mutual Insurance Company
It’s time for fall maintenance on your home. Tackle any trouble spots outside before winter arrives. Start with outside jobs before it gets too cold and rainy. And some tasks, such as electrical or plumbing problems, are best left to the pros.