Employee benefit plan sponsors often outsource some portion of their plan's processing to outside service providers. These third party administrators (TPAs) include bank trust departments, insurance companies, data processing service bureaus or benefits administrators. Some of the more commonly outsourced activities include payroll and participant activity recordkeeping.

Given the complexity of employee benefit plan administration, it comes as no surprise that errors occur. Unfortunately, if left unresolved, these errors can lead to sanctions- and even to a plan losing its tax-favored status. If compliance errors are discovered, consultation with outside professionals will likely be necessary to ensure that appropriate steps are taken to correct the errors.

GSG's Bernard Leibtag contributes an article to the "Tax Clinic" column in the November, 2008 edition of The Tax Advisor, published by the AICPA.

Our team of experts at Gorfine, Schiller & Gardyn, P.A. are here to help our clients and friends with the essential strategies that you need to weather the current financial crisis. In addition to our standard services, we offer a suite of integrated consulting/advisory services geared to organizations that are presently underperforming and/or exhibiting considerable constraints on their cash flow.

Stories about fraud and embezzlement are common in the media, but most business owners believe it will never happen to them. They think they hire good people who would never, ever be dishonest or steal, especially from their employer...

GSG’s W. James Schiller, CPA, the firm’s co-founder and not-for-profit niche champion and Beth Finglass, Director of Marketing-- are quoted in The Journal of Accountancy, April 2008 article:  “Expand Your Horizons:  Niche Marketing Success Stories”

As presented at the "The Real Deal: The Economic Forecast for the 2007-2008: Real Estate Industry" seminar hosted by Gorfine, Schiller & Gardyn, P.A.

As presented at the "The Real Deal: The Economic Forecast for the 2007-2008: Real Estate Industry" seminar hosted by Gorfine, Schiller & Gardyn, P.A.

As commercial developers look for sources of financing, studies seem to indicate that less than 50% of business owners are aware of the significant tax savings that can be utilized from their building or remolding projects.