BlogPosts By Category

The Value of Mentoring: Reflections, Relationships and Rewards


Whether officially or unofficially, we’ve all had someone provide us mentorship in our lives. A mentor is simply defined as, “An experienced and trusted advisor,” and a mentee is the one being advised. We are committed to preparing the future generations at Saltmarsh by strengthening their personal and professional development, community engagement, and firm knowledge. 

Read Full Article

IRS Announcement2018 HSA Contribution Limits Remain at $6,900 for individuals with family HDHP coverage


On May 4, 2017, the IRS announced that the maximum family coverage contribution limit to a Health Savings Account (HSA) for 2018 was $6,900.

However, on March 5, 2018, the IRS announced that the $6,900 was reduced to $6,850 due to changes to the indexing provisions outlined in the Tax Cuts and Jobs Act. 


Read Full Article

Don't Fall Victim to Cyber Crime!Protect Your Personal Information


You are driving to a meeting with a new prospective client.  Your boss calls and needs those reports for her meeting that starts in 10 minutes.  Whipping into the local coffee shop with free wi-fi, you can shoot those reports out, buy a round of lattes for the meeting and still make it on time.  Out comes the laptop as you find a small table in the corner, and you connect to the CoffeeShoppe_Guest wireless network. The New Email button is clicked, the reports are attached, you add the recipient and click Send.  

 But, did you just expose your personal information?  Will you be a victim of cyber crime?  The most frequent target for cyber criminals is personal information

Read Full Article

Your Credit Report: Some Things in Life are Free


Your credit history plays a key role in so many things (e.g., loan approvals, apartment leasing, job opportunities, etc.) that it's crucial to ensure the information in your credit report is correct.  You are entitled by law to a FREE copy of your credit report from all three consumer reporting agencies (Equifax, Experian and TransUnion) every 12 months.  You can obtain the report in several ways!

Read Full Article

Working Remotely: Perks & Pitfalls


So you want to work remotely?  Being able to work from home, out of the office, or off the job site sounds like a great idea, and it can be! But like anything else, it comes with unique perks and pitfalls of which you need to be aware.  Here are a few simple “Do”s and “Don’t”s to aid in your decision to work remotely and help you become successful at it.

Read Full Article

4 Reasons Why Your Start-Up Needs a CPA


Accounting is the language of business.  You have probably heard this phrase before. But what if you aren’t fluent?  Should you be spending hours and days learning a new language when you are launching a new business? Not at all!  Let a CPA help you.


Read Full Article

Sponsoring a Health & Welfare Benefit Plan: Are You 5500 Compliant?


Many employers/plan sponsors wonder, “Do I have to file a Form 5500 for my Health and Welfare Plans?”  While most employers/plan sponsors are very familiar with filing the Form 5500 for their retirement plans, many are not as confident about the Form 5500 filing requirement for their health and welfare plans. 

Health & Welfare Plans provide benefits such as medical, dental, and life insurance. In 2002, the Form 5500 filing requirement was amended by the IRS, but many initially believed that the requirement had been fully suspended.  However, the requirement was only lifted for some employers; but, for others (those not meeting the exemptions), the requirement remained in place and continues to be an annual requirement.

Read Full Article

Deferred Compensation: How to Mitigate the Risks of an Unfunded Plan


The past can come back to haunt law firms that made promises to provide retired partners with substantial incomes, sometimes for life. Often, these promises of future benefits were made back in the “old days” when firms were smaller, partner incomes were lower and “for life” didn’t mean as long as it does now.

The problem with these deferred compensation arrangements is that they were often made without funding. Earning partners then became burdened by cash flow obligations to retired partners. The resulting impact on future profits can lead to some worrisome consequences, including these:

Read Full Article

Plan Participation: Is It Time for Automatic Enrollment?


There’s no question that participation levels for automatically enrolled 401(k) plans far outpace those for non-automatically enrolled plans. Yet traditionally, plan sponsors have been leery about adding this feature due to substantial penalties for elective deferral failures...

Read Full Article

Investment Insights: Four Questions Your 401(k) Committee Should Ask


It is important for your company to have a 401(k) committee to discuss key points and make decisions that are in the best interest of participants. Read the article to see what their meetings should entail.

Read Full Article

Health Care Law: Tax Considerations for Employers with Fewer than 50 Employees


This article reviews the portions of the Affordable Care Act that is only applicable for small employers.

Read Full Article

Resources to Help Your Business Adapt to the New Health Care Law


The IRS has updated the ACA Information Center for Applicable Large Employers page on their website. They have added valuable information and resources that explain how the new health care law can affect businesses of all sizes, especially if your business is considered an applicable large employer (ALE). 

Read Full Article

Employee Compensation: Recruiting and Retaining Key Personel


The increase of business calls for an increase of personnel and contractors are having difficulties with filling senior project managers and supervisory positions. This article suggests important principles to bear in mind as you develop a package of pay, benefits and incentives.

Read Full Article

Upcoming Deadline: Exercised Incentive Stock Options & Employee Stock Purchase Plans and Reporting Requirements


As the new year begins, corporations should be aware of the reporting requirements related to employee stock purchase plans (ESPPs) and incentive stock options (ISOs) in 2013

Read Full Article

Impact on Retirement Plans of Supreme Court Ruling on DOMA


The Supreme Court, in U.S. v. Windsor, ruled on June 26, 2013 that Section 3 of the federal Defense of Marriage Act (DOMA) is unconstitutional...

Read Full Article

Impact of the Rejection of DOMA on Employers and Employees


We are focusing on the impact of the Supreme Court decision to strike down Section 3 of the Defense of Marriage Act (“DOMA”) on employers and employees.

Read Full Article

The Rejection of DOMA and Its Impact on Same-Sex Married Couples


The Supreme Court’s recent decision striking down Section 3 of the Defense of Marriage Act (“DOMA”) will have a significant impact on same-sex married couples. Here are some ways that they are affected.

Read Full Article

Delays in Affordable Care Act's Employer Mandate


The Obama administration has decided to provide an additional year before the ACA mandatory employer and insurer requirements begin.

Read Full Article

Beware of Section 409A Traps in Employment Agreements


By now, virtually all employers have addressed compliance with Internal Revenue Code section 409A (‘section 409A’) as it relates to their non-qualified ...

Read Full Article

Will You Benefit from a Medical Loss Rebate?


The Patient Protection and Affordable Care Act established medical loss ratio standards for health insurance providers...

Read Full Article

IRS (Finally) Issues Sample Format for Making Section 83(b) Elections


Late in June the Internal Revenue Service (IRS) issued Revenue Procedure 2012-29, which provides a model form that employees and independent contractors may use to make an election...

Read Full Article

Estimates of Chargebacks and Rebates May be Sufficient to Meet the 'All Events Test' for Deductibility


Companies which utilize third party wholesalers may negotiate chargebacks and rebates as part of their sales contracts. This is particularly common in the pharmaceutical industry.

Read Full Article

IRS Provides Guidance on 100% Bonus Depreciation


On March 29, 2011, the IRS released Rev. Proc. 2011-26 providing much-needed guidance on 100% bonus depreciation and associated issues.

Read Full Article

Retirement Plan Sponsors


Fiduciaries Need to Plan Now to Comply with DOL’s Final Regulation on Transparency of Fees and Expenses

Read Full Article

Past Posts By Category

Saltmarsh CPA - Who We Are

Who We Are

Our professionals have the depth of experience, industry knowledge and worldwide resources to help you reach your goals. We put your success above all else as your trusted advisor.

Saltmarsh CPA - What We Do

What We Do

Saltmarsh offers a full range of professional services to accommodate your needs – from tax planning and accounting services to information technology and employee benefits consulting.

Saltmarsh CPA - Who We Serve

Who We Serve

Saltmarsh serves individuals and businesses. Personal attention, access to the right professionals and rapid response is how we serve.

Contact Us

(850) 243-6713

(407) 203-8990

(615) 661-0885

(850) 435-8300

(813) 287-1111
(800) 477-7458

Stay Connected

Sign up to receive updates and important information from Saltmarsh!