March Newsletter

By:  |  Category: Wednesday, July 13th, 2016  |  No Comments
(714) 978-1300
Knowledge Applied
header Image

The White Nelson Diehl Evans Newsletter for March is now online.

Don’t forget to add sjones@wndecpa.com to your address list to ensure our emails reach your inbox.
www.wndecpa.com

White Nelson Diehl Evans LLP Newsletter – March 1, 2016

Knowledge Applied - Ready to Use Knowledge for Business & Personal Finance

“No person will make a great business who wants to do it all himself or get all the credit.” Andrew Carnegie (1835-1919), American industrialist

Welcome

We are pleased to bring you another issue of KnowledgeApplied. In this issue, we begin with a profile of Brian Loya, one of our Carlsbad tax managers who joined the firm in 2015. We also have important information about increased Department of Labor scrutiny over employee benefit plan fees, and suggested proactive steps for plan fiduciaries. As the possibility of fraud exists in all organizations, we have included the first article in a series regarding fraud prevention. Last, we conclude with a helpful tax tip about resources you will find on the IRS.gov website.

Thanks for reading,

Dave Doran
Managing Partner

Manager Profile: Brian Loya

Brian Loya is a tax manager who works out of the Carlsbad office. In this role, he manages a wide range of clients, including pass through entities and high net-worth individuals. He began working for WNDE in 2015.

Brian was born in Los Angeles and grew up in San Diego. He chose accounting as a profession, he said, because “I’ve always been a numbers person and I enjoyed the entry level accounting courses. Plus, I was really sold by all the career opportunities available to accounting graduates.”

Read more >

Plan Fees Under Greater DOL Scrutiny

The Department of Labor has provided greater emphasis on plan sponsors documenting their adherence to fiduciary responsibilities, particularly when it comes to determining whether plan fees are reasonable. In the wake of the new regulations for plan fee disclosure (404(a) and 408(b)2), plan fees are more transparent, and now the DOL and the courts have taken a hard stance against plan sponsors that they believe have breached their fiduciary responsibilities as it relates to plan fees. Recent court cases (LaRue v. DeWolff & Tibble v. Edison) have made it easier for individual plan participants to sue plan sponsors and have awarded significant judgements against plan sponsors for not upholding their fiduciary responsibilities to maintain reasonable plan fees.

Read more >

How to Develop a Successful Fraud Prevention Program

As a result of our firm’s experience in conducting fraud investigations and in assessing fraud risks for our clients, we have concluded that a successful fraud prevention program should include the following five key elements:

Tone at the Top. Top management must set an example of the highest levels of ethics, integrity and honesty. If employees observe high-level officials conducting business in this fashion, such behavior is a strong deterrent to other employees from committing fraud or other unethical behavior. Conversely, unethical behavior by top officials may create an environment that encourages employee fraud.

Codes of Conduct and Ethical Standards. The organization should adopt written codes of conduct and ethical standards.

Read more >

Tax Tip: Ten Great Reasons to Visit IRS.gov

No matter when you need tax help or information, your best option is to visit IRS.gov. The website has many tools and services, which make getting help from the IRS just a click away. Here are ten great reasons to visit IRS.gov, night or day:

1. Use IRS Free File. If you need to file your tax return, you can e-file for free by using IRS Free File. If you earned $60,000 or less you can prepare and e-file your taxes using free brand name tax software. If you made more, you can use Free File Fillable Forms. This option is the electronic version of IRS paper forms.

2. Get answers to tax questions. The Interactive Tax Assistant covers many common tax topics. Type in your question or search terms and it can lead you step-by-step to the answer. The IRS Tax Map gives you a list of tax law subjects to select. It integrates tax topics, forms, instructions and publications into one research tool.

Read more >

Contact Us

White Nelson Diehl Evans LLP
2875 Michelle Drive, Suite 300
Irvine, California 92606
Tel 714.978.1300
Fax 714.978.7893 sjones@wndecpa.com

Need Information on Our Services?
Please Click Here to Request Information
or to be Contacted.

Brian Loya

© 2016 White Nelson Diehl Evans LLP

Office Locations:
2875 Michelle Drive, Ste. 300, Irvine, CA 92606
2965 Roosevelt Street, Carlsbad, CA 92008
613 W. Valley Parkway, Ste.330, Escondido, CA 92025
E: sjones@wndecpa.com
| (714) 978-1300 | www.wndecpa.com

It is never our intention to
send unwanted email. If you would prefer not to receive our newsletter,
please unsubscribe below. We apologize for any inconvenience.

Sent to *|EMAIL|* — why did I get this?

unsubscribe from this list |
update subscription preferences

*|LIST:ADDRESSLINE|*

tax-tip-looking-for-work-may-impact-your-taxes

If you are looking for a job in the same line of work, you may be able to deduct some of your job search costs. Here are some key tax facts you should know about when searching for a new job: Same Occupation.  Your expenses must be for a job search in your current line of work.  You may still take the deduction, however, if you are unsuccessful finding employment, said Jenny Kim, a tax...

Read More

tax-tip-looking-for-work-may-impact-your-taxes

If you are looking for a job in the same line of work, you may be able to deduct some of your job search costs. Here are some key tax facts you should know about when searching for a new job: Same Occupation.  Your expenses must be for a job search in your current line of work.  You may still take the deduction, however, if you are unsuccessful finding employment, said Jenny Kim, a tax...

Read More

tax-tip-looking-for-work-may-impact-your-taxes

If you are looking for a job in the same line of work, you may be able to deduct some of your job search costs. Here are some key tax facts you should know about when searching for a new job: Same Occupation.  Your expenses must be for a job search in your current line of work.  You may still take the deduction, however, if you are unsuccessful finding employment, said Jenny Kim, a tax...

Read More

tax-tip-looking-for-work-may-impact-your-taxes

If you are looking for a job in the same line of work, you may be able to deduct some of your job search costs. Here are some key tax facts you should know about when searching for a new job: Same Occupation.  Your expenses must be for a job search in your current line of work.  You may still take the deduction, however, if you are unsuccessful finding employment, said Jenny Kim, a tax...

Read More

tax-tip-looking-for-work-may-impact-your-taxes

If you are looking for a job in the same line of work, you may be able to deduct some of your job search costs. Here are some key tax facts you should know about when searching for a new job: Same Occupation.  Your expenses must be for a job search in your current line of work.  You may still take the deduction, however, if you are unsuccessful finding employment, said Jenny Kim, a tax...

Read More
“”

Copyright © 2016, White Nelson Diehl Evans LLP.
All Rights Reserved.

Office Locations:
2875 Michelle Drive, Ste. 300, Irvine, CA 92606
2965 Roosevelt Street, Carlsbad, CA 92008
613 W. Valley Parkway, Ste.330, Escondido, CA 92025

(714) 978-1300
www.wndecpa.com

Connect With us
Facebook Social Icon Twitter Social Icon LinkedIn Social Icon Instagram Social Icon