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How to Ensure a Smooth 401(k) Audit Process

How to Ensure a Smooth 401(k) Audit Process

July 13, 2021

A 401(k) audit is required by the Employee Retirement Income Security Act (ERISA) to ensure that your 401(k) plan is compliant with the IRS and Department of Labor regulations. The audit process can appear harrowing and tedious; however, if you take some time to understand the process and requirements, you set yourself up for success and ensure the audit goes smoothly.

The Balancing Act of Fatherhood

The Balancing Act of Fatherhood

June 16, 2021

Let's face it, becoming a parent is a blessing that can come with some challenges. Balancing family and work is difficult, but being a partner in a firm and building your business while your children are young takes determination and space to carve out your priorities. So in honor of Father's Day, we sat down with our partners at Cambaliza McGee, LLP, Lino Cambaliza and Robert McGee, to chat about fatherhood. Lino has two children, Lino Bach (LB), age 5, and Camile, age 1. Robert is Dad to Robert, age 10, and Demetri, age 3.

Bookkeeping, Accounting, and CPAs - Aren’t They All the Same?

Bookkeeping, Accounting, and CPAs - Aren’t They All the Same?

May 07, 2021

We tend to toss around these terms interchangeably, but there is a drastic difference between these three positions and how they impact your business. When it comes to your business, taxes, and money, you need to understand who to contact, their specialty, and how they will work with you and for you.

Federal Funds Trigger Single Audits

Federal Funds Trigger Single Audits

April 27, 2021

In January of last year, our economy was doing well until COVID-19 came along and punched U.S. businesses and industries in the gut. The federal government responded by creating new programs to assist businesses suffering economic hardship due to the pandemic. Privately-held entities that have never relied on federal funding found themselves in a position where they needed these funds to survive.

Does Your Company Require Single Audit Services This Year?

Does Your Company Require Single Audit Services This Year?

March 15, 2021

Did you know that if you received $750,000 in funds through the Coronavirus Aid, Relief and Economics Security (CARES) Act, you may be required to undergo a Single Audit? For many businesses, this is unchartered territory as they have not received or relied on government funding in the past.

Celebrating Women Who Choose to Challenge

Celebrating Women Who Choose to Challenge

March 10, 2021

To celebrate International Women's Month, we are shining a spotlight on our Managing Partner and Co-Founder, Thanh, with a Q&A session. This year the theme of International Women's Month is #Choose to Challenge, and we didn't need to look far to see how Thanh has challenged inequity and bias in her life to become the person she is today.