On Friday, August 19, 2022, NYS did a townhall regarding the Healthcare Worker Bonus (HWB). A recording of the webinar can be found here and a copy of the presentation from the NYS DOH can be found here. There were several technical issues with the webinar which...
*Information as of August 17, 2022* Ken Cerini, Managing Partner and Edward McWilliams, Tax Partner of Cerini & Associates, LLP gave a background of the Healthcare Worker Bonus and answered participant questions. General Program Background:- Healthcare Worker...
Internal Controls Cerini Short In this Cerini Short, Nicholle Mezier, CPA, Manager explains Internal Controls. WHAT ARE INTERNAL CONTROLS? WHY DO WE NEED THEM? Internal controls are one of the most essential elements within any organization. Internal controls are put...
What are internal controls? Why do we need them?
Internal controls are one of the most essential elements within any organization. Internal controls are put in place to enable organizations to achieve their goals and missions.
As it becomes harder to attract and retain talent and also to help deal with soaring inflation, many employers are looking for ways to provide employees with tax-free benefits in order to entice employees to join or stay and help mitigate the impact of the rising costs. However, both employers and employees need to be aware that even despite their best intentions, many benefits or incentives can be considered taxable income – which from the employer side would require both withholding and reporting and would be includable in income for employees.
Taxable vs Nontaxable Benefits Cerini Short In this Cerini Short, Edward McWilliams, CPA, Partner talks about the Taxable vs Nontaxable Benefits. As it becomes harder to attract and retain talent and also to help deal with soaring inflation, many employers are looking...
Every time you turn around there seems to be additional risk and exposure surrounding pension plans … employees suing plan sponsors, worries about asset allocations and administrative fees, definitions of compensation, changing and confusing regulations, and more....
In a nutshell, the goal of a pension plan is to help your employees put aside money for their retirement. This can be done strictly on an employee deferment system, or you, as their employer can make contributions to help them reach their retirement goals. The problem...
Quite often, we are provided with information about updates and regulatory changes for retirement plans. These updates are geared to benefit current and future retirement plan participants by improving accessibility for future financial security of individuals,...
