Month: February 2017

Tipping The Scales From Prevention To Detection: Get ready for an IRS examination of your plan

February 21, 2017

When it comes to IRS audits, “an ounce of prevention is worth a pound of cure,” as Benjamin Franklin so wisely put it.

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Accounting Treatment of Refund of Excess Contributions

February 09, 2017

There is a popular philosophical question that asks if a tree falls in a forest, and no one is around to hear it, does it make a sound?

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Understanding Independent Qualified Plan Auditor Opinions on Financial Statements

February 01, 2017

As a plan sponsor, you may know that, generally, if your plan covers 100 employees or more, your plan is considered a large plan and requires audited financial statements to be attached to the 5500 filing.

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Belfint Lyons Shuman is a Certified Public Accounting (CPA) firm that audits Defined contribution plans (profit-sharing, 401(k), 403(b) , 401(a), 457(b))), and Defined benefit plans (pension and cash balance), and Health and welfare plans. We serve a variety of plan sponsors including for-profit, nonprofit, governmental, and Taft-Hartley collectively-bargained plans located in Delaware, Pennsylvania, New Jersey, Maryland, Washington, D.C., Virginia, Massachusetts, and nationally. For additional information contact us at info@belfint.com