TDT CPAs and Advisors has been awarded a Top Workplaces 2021 honor by Iowa Top Workplaces. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The anonymous survey uniquely measures 15 culture drivers that are critical to the success of any organization: [...]
In many instances, the term ‘audit’ carries a negative connotation. Most people visualize auditors as impersonable, number-crunching accountants with the main objective of digging up as much ‘dirt’ in your financial records as possible. However, not all audits and auditors are created the same! Ideally, the auditor-client relationship is one of open communication during [...]
Applications for new businesses have increased over the past year. This is good news, as small businesses drive our economies and bring growth to our communities. But starting a new business isn’t an easy road—22% of small businesses fail within the first year, and 50% fail within the first five years. And with so [...]
Employee retirement plans are a great benefit to provide to employees of your organization, but the requirements associated with them are very specific and numerous. Many plans fail to meet some of the requirements with design of the plan, or they make operational errors. Usually it’s just an oversight. Both of these can lead [...]
Think back to when you first started your organization. Responsibility sat on a director or small group of individuals to promote, produce, and account for the organization’s mission. Each task was approached with a “whatever-it-takes” mentality. Everyone was in touch with what was happening, identified areas of improvement, and felt confident in the direction of [...]
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) aims to help Americans cope with the unprecedented financial fallout from the COVID-19 outbreak. The CARES Act made several changes to retirement plan rules that we will discuss in more detail below. As a plan sponsor, it is important to stay up to date [...]
Liquidity is essential for businesses to survive and thrive. Liquidity is a measure of available liquid assets, with cash being the most important. A company’s employees, vendors, and other stakeholders expect the company to maintain adequate liquidity to meet its obligations. It makes sense that liquidity should be factored into important decisions, but it’s [...]
Statement on Auditing Standards No. 136 (SAS 136), Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, will soon be effective for all employee benefit plans (EBPs) requiring an audit under the Employee Retirement Income Security Act of 1974 (ERISA). The new auditing standard is effective for years ending [...]
The SECURE (Setting Every Community Up for Retirement Enhancement) Act was signed into law in December 2019 and contains many provisions that are designed to help Americans save more for retirement, begin saving for retirement, and use retirement funds responsibly. The SECURE Act was some of the most significant legislation affecting retirement plans in [...]
Think back to when you first started your company. Responsibility sat on your shoulders to promote, produce, and account for your business. You approached each task thrown your way with a “whatever-it-takes” mentality. You were in touch with what was happening, identified areas of improvement, and felt confident in the direction you were heading. [...]
