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SEC Updates Electronic Filing Requirements

June 3, 2022 The SEC recently announced that it has adopted amendments to require the electronic filing or submission of certain documents that currently are allowed to be filed or submitted in a paper format.

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HSA Amounts Increase for 2023

April 29, 2022 The IRS recently issued Rev. Proc. 2022-24, announcing that the maximum contribution to a health savings account and certain associated amounts will be higher in 2023 due to inflation-related adjustments.

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SBA Provides COVID EIDL Borrowers Additional Deferment

March 15, 2022 The U.S. Small Business Administration recently announced that it is providing additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan program borrowers for a total of 30 months deferment from loan inception.

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Report Shows Decrease in Quality of IRS Employee Benefit Plan Exams

February 7, 2022 The Treasury Inspector General for Tax Administration recently released a report stating that the IRS unit that checks employee benefit plans for compliance with IRS qualification, reporting and disclosure requirements, and with excise and income tax matters, scored 23 percent lower overall on its quality reviews in fiscal years 2018 through 2020.

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