July 2023 Newsletter

July 20, 2023

CONDUCT YOUR SUMMER 401(K) AUDIT WITH US!

By Eric Woodruff, CPA, CCIFP

Partner, Director of Audit & Assurance Services

Summer is an ideal time for a 401(k) audit. First, summer months tend to be a better time for CPA firms to take on these audits, as the hustle and bustle of tax filing season is behind us. Second, for 401(k) plans with calendar year ends, Form 5500 and the auditor's report are usually due at the end of July, unless an extension is filed.

Need an audit? We're here to help!

NEW VEHICLES FOR DRIVING SUCCESS

By Lisa Blankman, CPA

Senior Manager, Audit & Assurance Services

Email Lisa

Now is a good time for a mid-year review of your business to prepare for the fourth quarter and the start of 2024. Business may be booming in these summer months, but it's always a bright idea to set aside time for reflection and preparation.

As you reflect on your company's condition, you should also ponder whether past drivers of success hold the same potential they did a few years ago. Should their place in your planning remain? Are any of them falling short? Do they require some re-engineering?

The Newest Member of Our Team

Please join us in welcoming the newest member of the Sponsel team, Christine Wong. She will be serving the Audit & Assurance Services department. With a master's degree in accounting and business/management from Suffolk University's Sawyer Business School and membership in the American Institute of Certified Public Accountants (AICPA), Christine has a wealth of knowledge and experience.

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