Friendly Reminders
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Communicate now with service providers regarding information needed for the implementation of FAS 157.
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Request from the service providers the auditor's year-end reporting package.
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Request and evaluate SAS 70 reports from all plan service providers.
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Form 5500 filing deadline is 7 months after the plan's year end, generally July 31, 2009, for calendar year-end plans. (An extension of 2-1/2 months may be requested using Form 5558.)
Helpful Links
AICPA Employee Benefit
Plan Audit Quality Center
U.S. Department of Labor
Employee Benefits Security Administration
Internal Revenue Service
In
Other News...
2009 Seminars. Our Financial
Seminars for Women series begins on September 17 with "Investment
Fundamentals for Women." We have also recently added Crystal Reports and FRx
hands-on training classes. Our popular Somerset Practical MBA
Program includes a live webinar simulcast so anyone outside the Indianapolis area can participate. Please
go online
to see our current schedule and to register.
Somerset
Client Satisfaction Survey. If you are a Somerset client,
please take our survey concerning the services we have provided to you. Our
goal is to improve our overall relationship and better serve you.
Go to
survey.
Newsletters. Somerset publishes a variety of newsletters in addition to Employee Benefit Plan Commentator--such as Wherewithal, Tax Times, Wealth Management Bullets and several others. Please visit the Newsletters page of our web site to read the archives and sign up to have new issues delivered to your email inbox.
Employee Benefit Plan Commentator is provided by Somerset’s Employee Benefits Team for our clients and other interested persons upon request. For additional information on the issues discussed, please contact Yvette C. Ward, CPA. Since technical information is presented in generalized fashion, no final conclusion on these topics should be made without further review.
These articles were written by and published herein
with the permission from professionals of BDO Seidman, LLP. Somerset is a
member of the BDO Seidman Alliance, a nationwide association of
independently owned accounting and consulting firms.
Somerset CPAs,
P.C.
3925 River Crossing Parkway, Third Floor
Indianapolis, Indiana 46240
317.472.2200 • 800.469.7206 • FAX 317.208.1200
www.somersetcpas.com
info@somersetcpas.com
