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In The News
NFP E-News Update
June 6 2013
During tough times it is even more important for organizations to safeguard assets earned and for not-for-profit boards to reevaluate their own actions with respect to internal controls. Here are four tips noted in a recent article on Guidestar.com to start the conversation.
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NFP E-News Update
May 30, 2013
On May 9, 2013 the U.S. Office of Management (OMB) issued a Federal Register Notice which proposed changes to the DCF and its instructions. The new form and instructions will be applicable for audit periods ending in 2013, 2014, and 2015.
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NFP E-News Update
May 23, 2013
The Colleges and Universities Compliance Project, begun in 2008 by the IRS, distributed 400 questionnaires to a randomly-selected sample of schools to ensure compliance with current regulations. Based on responses to the questionnaires and details of the respective Form 990s, the IRS selected 34 of these colleges and universities for further review and found that unreported unrelated business income (UBI) in higher education was found in almost every case examined by the IRS.
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Services [ Employee Benefits Consulting ]
Blue Benefits Consulting, Inc., a Blue & Co. entity, is positioned to help your company meet its retirement plan objectives. We actively monitor the laws that relate to pension administration and keep you informed of their impact. Our innovative ideas and efficient administration services are designed to keep your plan running smoothly, whether you need a new plan or modifications to an existing plan.
Installation services
- Plan design tailored to the needs of your company and employees
- Consultation with your financial consultant and your attorney to finalize plan provisions
- Assistance maximizing tax advantages
- Communication of plan provisions to your employees
Record keeping services
- Employer contribution calculations
- Income allocation to employee accounts
- Application of forfeitures according to your plan
- Non-discrimination testing
- Plan-to-plan rollovers
- Participant statements to employees
- Compilation of necessary information to file annually with the IRS
Consulting services
- Assistance with plan design and changes
- Cost projections of various design alternatives
- Assistance with governmental or external audits
- Ongoing support when participants reach age 70.5
- Calculation of participant hardship withdrawal distributions
- Reports of contribution deduction limits under Section 404 of the IRC