401k Fiduciary Duties

Amazing yet true: it seems 401k Fiduciary Duties keep growing. If your plan documents name you (the plan administrator) as the fiduciary, then you and the plan sponsor (your employer), could be taking on more risks than you know. According to the Department of Labor, your basic responsibilities include: acting solely in the interest of plan participants… Read More

Like Kind Exchange Options

A Like Kind Exchange, known as a 1031…many of you with real estate know the sweet benefits offered in the program but you may have likely also heard of the many “thou shall nots!” One big one, of course, came with the Tax Cut and Jobs Act that limited all Like Kind Exchange activity to… Read More

Lease Accounting Standards-Updated!

By Thomas Laine, CPA Updated!…Lease Accounting Standards changes have been delayed.  The Financial Accounting Standards Board (FASB) has decided to delay the implementation of the new standards by one year.  This article will reflect the new deadlines. Did you know… …that the recent changes in lease accounting standards might cause you to #violate a lending #covenant… Read More