On Monday, November 15, President Biden signed the Infrastructure Investment and Jobs Act, the bipartisan infrastructure bill, into law. This legislation contains $550 billion in new spending including funding for roads and bridges, railroads, improvements to the power grid, broadband expansion, water infrastructure, public transit, and airports. There were few significant tax implications included in the bill except for a provision that terminates the Employee Retention Credit (ERC) after September 30, 2021.
Greg Pope, managing partner at EY's Louisville office,speaks about changes to their benefits, including adding mental health offerings at no cost to employees. He also shares how they evaluate their benefits, exploring new employee benefits and more. Briana Whittle, senior HR generalist at Strothman and Company in Louisville, speaks about their newest employee benefits and what everyone should be considering when evaluating employee benefits, including attracting and retaining talented employees.
Health insurers such as Anthem and Humana must comply with MLR (Medical Loss Ratio) rules set forth by the ACA. The MRL rules require insurers to spend 80-85% of premium dollars on medical care and healthcare quality improvement, rather than administration costs. If your firm, or your client, receives a MLR rebate there are specific rules regarding distribution.
Our benefit broker, Lane Hettich, summarized a list of FAQs around vaccination status and benefit plan design strategies. Helpful information for anyone crafting company policies.
Deciding on the best audit approach isn’t a cookie-cutter process. While a long-standing relationship with a client or in-depth industry knowledge can give auditors a leg up, defining an effective audit approach requires careful consideration and planning for every engagement.
The one constant of technology is that it’s always changing. Keeping up with emerging technologies and tech lingo can be an overwhelming task. That’s why we pulled together this glossary to help you better understand 12 of the most common and popular tech terms you’ll hear about in the business and CPA world.
Using empathy, clear communication, and careful planning is key to retaining star employees when reopening the office.
COVID-19 is forcing women out of the workforce in record numbers. What do we lose when women leave the workplace, and how can we make it possible for them to stay?
“African-Americans struggled against incredible barriers in order to become CPAs and were virtually invisible,” said Theresa A. Hammond, CPA, Ph.D., accounting professor at San Francisco State University’s Lam Family College of Business. The first CPA law was passed in New York 1896. It would be another 25 years before a Black person joined the profession. The primary blockers that made licensure essentially impossible for many aspiring Black CPAs included education, experience, and exclusion. John W. Cromwell, Jr., the son of a former slave, overcame many obstacles in his life to earn his place in history as the nation’s first Black CPA in 1921. His story is an inspiration and lesson in tenacity for future generations of Black accountants.
Because of the pandemic, the 2020-21 school year was very difficult for thousands of Kentucky elementary and high school students, but the heaviest burden fell on low-income students and families of color; those who have limited resources for educational choices. In future years, Kentucky’s K-12 students will have choices for educational services thanks to the Education Opportunity Account (“EOA”) Act passed by the Kentucky 2021 General Assembly.