The Emerging Importance of Internal Audit to Higher Education Institutions

In an era when effective governance is continually increasing in importance, internal audit is shifting from a best practice to a necessity in higher education. Historically, only larger, research-driven universities had internal audit departments; however, with a continually evolving environment and higher education model, mid-size and small colleges and universities must now address many of the same issues as their larger counterparts, as well as other issues unique to them.... read more >

Kids at Work, Adults at Play


By Sean Smith

Lots of young people shouting in the halls at Schneider Downs this week. April 14th? was Take Your Children to Work Day. Sean Smith gives a rundown.... read more >

The Tax Code May Catch Up with Technology - 21 Years Later


By Martin DiGiovine

On April 14, 2010, The U.S. House of Representatives passed H.R. 4994 (The Taxpayer Assistance Act of 2010). Included in the legislation is a provision that would eliminate the strict substantiation rules that are currently in place for employer-provided cell phones and similar devices. Martin DiGiovine explains what this could mean.... read more >

Is Your 401(k) Plan Still the Benefit It Was Intended to Be?

As employers continue to battle through tough economic times, and dollars and staffs are stretched to the limit, having talented and hard working employees has never been more important to companies than it is right now. Trying to attract new employees can be a struggle as well, and employers need to make sure they are ahead of the curve in the benefits offered.... read more >

Treasury Announces Electronic Requirements for Payroll Taxes


By Barbara Balcita

The U.S. Department of Treasury announced on April 19, 2010 that it will be eliminating Form 8109, Federal Tax Deposit coupons, paper checks for government benefits, and paper option for payroll deduction for U.S. Saving bonds starting in 2011. What does that mean? Barb Balcita explains.... read more >

SEC Looking Closely at Collect Investment Trust (CIF) Investments

The SEC has announced that it is taking a close look at collect investment trust (CIF) investments as they are not subject to SEC regulation. Karl Kunkle, from Schneider Downs Wealth Management Advisors, explains.... read more >

New Restrictions on Cafeteria Plans and Reimbursements


By Ron Kramer

Beginning in 2013, the Act imposes a limit of $2,500 per taxable year on employee salary reductions for coverage under a cafeteria plan Flexible Spending Arrangement.... read more >

Health Care Reform Includes Safe Harbor Cafeteria Plan for Small Employers

Under the new healthcare reform package, and effective for taxable years beginning after December 31, 2010, small employers will be allowed to adopt new “SIMPLE cafeteria plans.” Under the new law, SIMPLE cafeteria plans will be treated as meeting nondiscrimination requirements as long as certain eligibility, participation and minimum contribution requirements are met by the plans.... read more >

ERISA Impact of Health Care Reform


By Scott Rain

The nation’s health care system has recently undergone dramatic changes with the recent passage of both the “Patient Protection and Affordable Care Act” (PPACA) and, the “Health Care and Education Reconciliation Act of 2010.” The PPACA will have the most significant impact on employer-sponsored health plans since the enactment of ERISA over 30 years ago. Scott Rain explains.... read more >

Lean Business Practices Discussed at Executive Roundtable

The Schneider Downs Business Advisory Group hosted its third Executive Roundtable discussion on April 8, 2010. Over 20 representatives from local organizations gathered to talk about the benefits and challenges of implementing lean business practices in their organizations.... read more >