ThomsonReuters
DECEMBER 17, 2020
IRS Notice 2020-86 (Dec. 9, 2020). Available at [link]. The IRS has issued Notice 2020-86 to answer frequently asked questions about the SECURE Act’s provisions affecting safe harbor plans (see our Checkpoint article ). Section 102 of the SECURE Act raised the maximum deferral percentage for plans using the safe harbor for qualified automatic contribution arrangements (QACAs) from 10% to 15%.
Cooley M&A
DECEMBER 14, 2020
On November 24th, Burson Cohn & Wolfe (BCW) brought together experts from across financial services to discuss current activity and prospects for special purpose acquisition companies (“SPAC”). The discussion was moderated by Gus Okwu, an EVP in BCW’s Corporate Group with a focus on financial communications, and the speakers included: • Eklavya Saraf – Global Head of SPAC Listings at NASDAQ • Eric Gomberg – Head of SPAC Banking at Odeon Capital Group • Ivan Ross – Co-founder and Partner at A
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Simply Treasury
DECEMBER 16, 2020
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ThomsonReuters
DECEMBER 17, 2020
With the recent rash of public company fraud issues that were missed both internally and by external auditors, there has been a lot of negative news coverage for the accounting industry. But what does this mean for small CPA firms who don’t perform audits? In this episode of Pulse of Practice “Should a Small Firm Care?”, Paul Miller, CPA from Business by Design , and I are joined by Brian Fox, Founder of Confirmation, part of Thomson Reuters.
Speaker: Susan Spencer, Principal of Spencer Communications
Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.
ThomsonReuters
DECEMBER 17, 2020
QUESTION: Everybody in the employee benefits field uses acronyms like ADA, MSP, and PHI. What do these and other employee benefits acronyms stand for? ANSWER: Here’s an explanatory list of common acronyms primarily used in our COBRA, HIPAA, and Group Health Plan Mandates manuals. (Last week’s Question of the Week included acronyms primarily used in our ERISA Compliance, Self-Insured Health Plans, Cafeteria Plans, Consumer-Driven Health Care, and Fringe Benefits manuals, and next week, we’ll
ThomsonReuters
DECEMBER 17, 2020
Final Rules: Grandfathered Group Health Plans and Grandfathered Group Health Insurance Coverage, 26 CFR Part 54; 29 CFR Part 2590; 45 CFR Part 147; 85 Fed. Reg. 81097 (Dec. 15, 2020). Available at [link]. The DOL, IRS, and HHS have issued regulations to provide greater flexibility for grandfathered group health plan sponsors and insurers to make certain cost-sharing changes without causing a loss of grandfather status.
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ThomsonReuters
DECEMBER 17, 2020
Rollover Rules for Qualified Plan Loan Offset Amounts, 26 CFR Part 1, __Fed. Reg. __ (__). Available at [link]. The IRS has released final regulations on the extended rollover period for qualified plan loan offset amounts (QPLOs). A QPLO occurs when a participant’s account balance in a qualified retirement plan (such as a 401(k) plan) is reduced to repay a plan loan, and that reduction occurs solely due to termination of the plan or the participant’s failure to meet the loan’s repayment terms b
ThomsonReuters
DECEMBER 17, 2020
Final Rule: Fiduciary Duties Regarding Proxy Voting and Shareholder Rights, 29 CFR Parts 2509 and 2550, 85 Fed. Reg. 81658 (Dec. 16, 2020); Fact Sheet: Fiduciary Duties Regarding Proxy Voting and Shareholder Rights (Dec. 11, 2020). Final Regulation. Fact Sheet. The DOL has issued final regulations establishing standards for determining whether and how to exercise shareholder rights, including the right to vote proxies, for stock held by ERISA-covered plans (including 401(k) plans).
ThomsonReuters
DECEMBER 17, 2020
DaVita Inc. v. Amy’s Kitchen, Inc. 2020 WL 6887338 (9th Cir. 2020). Available at [link]. A provider of end-stage renal disease (ESRD) treatment sued an employer and the employer’s self-insured health plan, alleging that the plan violated the Medicare Secondary Payer (MSP) rules when it adopted a cost-containment program for kidney dialysis treatments, eliminating in-network coverage and reducing reimbursement for kidney dialysis treatment.
ThomsonReuters
DECEMBER 17, 2020
Rutledge v. Pharmaceutical Care Mgmt. Assoc., 2020 WL 7250098 (U.S. 2020). Available at [link]. The U.S. Supreme Court has held that a state law regulating the relationship between pharmacies and pharmacy benefit managers (PBMs) is not preempted by ERISA, reversing an appellate court decision (see our Checkpoint article ). PBMs manage prescription drug benefits on behalf of health plans by, among other things, negotiating prescription drug prices with drug manufacturers and reimbursing pharmac
Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker
The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l
ThomsonReuters
DECEMBER 15, 2020
Companies face three main challenges when preparing to implement operational transfer pricing (OTP) technology—finance system and data issues, accountability questions, and continually changing compliance requirements. That is the key takeaway from a recent Thomson Reuters Tax & Tech Talks podcast episode that featured OTP specialists from KPMG. “Those three challenges are driving. a new view of operational transfer pricing,” said Andrea Tolley, a partner at KPMG UK. 1.
Cooley M&A
DECEMBER 15, 2020
In the months following the onset of the COVID-19 pandemic, a slew of parties filed lawsuits in US courts relating to M&A transactions that were signed prior to March 2020 and that buyers were seeking to terminate as a result of the pandemic. In these lawsuits, buyers commonly alleged one (or both) of the following as justification for their failure to close: (i) that the target suffered an MAE as a result of COVID-19’s impact on its business; or (ii) that target materially breached the cond
Simply Treasury
DECEMBER 16, 2020
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ThomsonReuters
DECEMBER 14, 2020
The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals. The tax rules and regulations U.S. companies will operate under in 2021 and beyond will be shaped in the coming months by Biden Administration priorities, the balance of power in the U.S. Senate, the future of COVID-19 relief, and the fiscal crisis facing the 50 states. A recent Thomson Reuters webinar, Get Ready for 2021: Using Checkpoint Edge to Plan for Uncertainty, explored these issues and cautioned companies to br
Speaker: Joe Apfelbaum, CEO of Ajax Union
In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.
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