R&D Tax Credit Studies: The Elimination of Uncertainty Test

99 percent of people would agree that by improving the look of something you make it better than it was. Well for the research and development tax credit, you need to do more than just improve the visual appeal of a product. To qualify, your company must pass four tests.

Read More »

First Time Intern

During my fall semester of 2016, I attended my university’s business fair. Many recruiters and students were in attendance. I spent the day listening to presentations, asking questions, handing out my resume, and giving quick elevator speeches to recruiters. The one company that stood apart from the rest was PriceKubecka. The recruiters were personable in the way they engaged the classroom of future accountants and took the time to talk to us individually.

Read More »

401(k) Plans Can be a Business Owner’s Best Friend

Many small business owners see a 401(k) as an unnecessary expense they may not be able to afford. However, a 401(k) plan is not out of reach and is incredibly beneficial to business owners of any size. Here are some of the benefits they can offer:

Helps recruit and retain employees

Read More »

Keeping an Eye on Your 401(k) Service Providers

Towards the end of last year there were several news stories covering the FBI’s raid of Vantage Benefits Administrators, Inc., a Dallas-based third-party administrator. Since that raid, there have been lawsuits brought by plan sponsors filed against Vantage, Vantage’s President Jeff Richie and his wife, advisors who referred the plan sponsors to Vantage, and Matrix Trust Company, who served as trustee for several of these plan sponsors.

Read More »

An Ideal Fit

Working at PriceKubecka as an audit intern has been an amazing experience. I knew when I was searching for an internship that I didn’t want to go the typical route and intern with a Big Four firm. I wanted to work at a firm that was innovating, as well as one where I could make an impact and see the bigger picture of the firm. When I met PK at my school’s career fair, I could feel their enthusiasm and I knew they were the firm I wanted to work for.

Read More »

Your company needs a 401(k) audit. What now?

The first time your 401(k) plan is audited can be difficult, confusing and time consuming, but this guide should relieve some of the stress. You may feel like this audit is being forced on you, and you’d be right - the Department of Labor (DOL) requires that a plan be audited when it has more than 100 eligible participants on the first day of the plan year. So now that your plan needs an audit, allow me to help prepare you for what’s next.

1. Hire the right auditor

Read More »

R&D Tax Credit Studies: What is the Permitted Purpose test and why does it matter?

Many people hear about all the ‘work’ associated with completing a research and development (R&D) tax credit study, but the reality is that the savings associated with this credit make it more than worth it, which you can read about in a prior blog. Although, to receive all these benefits, your company must pass four qualifying tests.

Read More »

A Double Edged Sword: Automatic 401(k) Enrollment Features

Have you recently thought about adding auto-enrollment to your company’s 401(k) plan? If so, there are a few things to be aware of before deciding.

First, what does auto-enrollment mean to the U.S. Department of Labor (DOL)?

According to the DOL, automatic enrollment permits you to act on your employees’ behalf by helping them build their retirement savings with pre-tax employee contributions, and matching contributions from you, the employer. Automatic enrollment can take different forms:

Read More »

The Benefits of a Safe Harbor Plan for Business Owners

A successful business owner knows that finding and retaining top talent is one of the keys to running a successful business. Providing valuable fringe benefits, such as a 401(k) match, is a great way to attract talent. However, wouldn’t it also be nice to have some of that same benefit go to the business owner?

Read More »

R&D Tax Credit for Architects: Let the Government Pay You for Your Great Designs

The Research and Development (R&D) tax credit is often thought of as a credit created for research done by scientists with white lab coats in a laboratory.  This is simply not true.  In 2003, the IRS relaxed the rules for claiming the credit which opened it up to a wide range of industries, including architecture firms.

How does getting a significant tax credit for something that you already do sound?

Generally, architecture firms spend more than half of their time on activities that qualify as R&D expenses.  These activities include:

Read More »

Pages