Can fraud occur in an employee benefit plan? Absolutely. One factor that creates risk is a lack of strong internal controls. Plan sponsors can mitigate the risk of fraud by creating a system of internal controls; however, knowing where to start can be a difficult and time-consuming task.
The Minimum Data Set (MDS) and Staffing survey is continuing to be rolled out to more states in 2016. Organizations should understand the focus of the survey and prepare for it, because the results can impact its Nursing Home Compare five-star quality rating.
The IRS is giving employers more time to file paperwork for the Work Opportunity Tax Credit (WOTC). The extension was announced in Notice 2016-22.
This article outlines the guidelines not-for-profit organizations must follow when it comes to political activity.
The Financial Accounting Standards Board (FASB) has announced plans to move forward on proposed accounting standards changes for nonprofit organizations.