IRS Increases contribution limits on 401(k) and other plans
The IRS has announced Cost-of-living adjustments (COLAs) that will favorably affect certain dollar limitations and other retirement-related provisions for most 401(k), 403(b), 457, and Pension Plans.  In general, the limitations will change beginning in 2015. For 2015, the employee contribution .....
Read full article »
Accounts Receivable Fraud: Lapping Up Profits
The sale has been made, the customer has paid, yet the company receives no revenue. How can this happen? How Fraud is Often Reported Most fraud cases are uncovered by a tip or complaint from an employee or other source, according to a 2014 study done by the Association of Cert.....
Read full article »
Frank Biron Speaks at PERAC's Annual Emerging Issues Forum
Frank R. Biron, CPA a Managing Shareholder at Melanson Heath was a guest speaker at the September 18, 2014 Annual Emerging Issues Forum of the Public Employees Retirement Administration Commission (PERAC).  Frank's session was shared with Linda Bournival, an actuary from KMS Actuaries. Their pre.....
Read full article »
NH issues TIR explaining new BET credit carry forward rules
On September 8, New Hampshire DRA issued TIR 2014-005 clarifying certain changes related to the carry over period of any unused Business Enterprise Tax ("BET") credits. Under the New Hampshire business tax provisions, BET paid by an enterprise is allowed as a credit against any Business Profits Tax .....
Read full article »
Eight Ways to Prevent Expense Account Fraud
Your employees may be cheating your company by turning in bogus expense reports. While each of these transactions may be small, they can add up to a bundle. Not only does expense account abuse erode profits, it creates an environment in which employees think they can get away with stealing -- and pe.....
Read full article »