A 401k plan can be extremely important to many individuals and can also be a key factor for a business trying to attract good employees. The business owner or manager may be required to schedule a third-party 401k audit each year if the number of eligible participants reaches 100. This is deemed a large plan that must file specific documents with government entities and be audited by a public accountant.
There are exceptions to these guidelines so it would be wise for your business to discuss status with experts such as those at Muret CPA PLLC. Obviously, it’s essential to have an accurate participant count before starting the audit process. When you work with a specialist, you also have access to the full range of accounting and audit services including tax management and accounting services for businesses.
Estate and Trust Planning
When you discuss your 401k audit in Oklahoma City, be sure to ask about other professional services such as advisory services, tax preparation, trust planning, estate planning, financial projections, and forecasts. The leading providers of these services can also be available for representation if you’re selected for an IRS audit. This guidance and tax representation can be more than important for businesses and individuals who are audited by state or federal agencies, just as it’s important to have professional help with a 401k audit.
You can also call on them for litigation support, which can be important in a variety of situations. If you’re going to be involved in bankruptcy, business dissolution, a financial investigation, or commercial litigation, you may need the experience and skills of a CPA for records analysis and other tasks. Many business owners find it difficult to set aside time to do an adequate job of keeping company books up to date. You’d be wise to talk with your accountant about handling this task so that you can focus on the core of your business operation.You can also follow them on Twitter.
