Tip of the Day

Know the 5500 requirements for Schedule C.

Rather than have us try to explain them all is this space, click here for an alert from ERISA Diagnostics that breaks it all down for you.

News You Can Use: DOL makes delinquent 5500 filing easier

Have you filed your Form 5500's yet? If not, check out the new online calculators and electronic submission forms that make "Delinquent Filer Voluntary Programs" much easier. Thank you, Department of Labor.

Thank you to SMART for the tip.

Tip of the Day: Don't forget to file your 5500's

We won't print the whole phrase, but the idea that you're only screwing yourself when you procrastinate is certainly true for employers waiting until the last minute to file Form 5500's. The deadline (Wednesday, October 15) is fast approaching and employers will face penalties of up to $1,100 per day if forms aren't ready on time.

Thanks to SMART Business Advisory and Consulting for the heads up. Click the link for more information about whether your business needs to file a form.

Tip of the Day

Form 5500 compliance just got a little easier, thanks to new guidance from DOL. Groom Law Group offers assistance in breaking down the fed-speak.