June  2012     Tax Tips from Smith, Sullivan & Company P.C. 
   

  

Form 5500 Annual Return for Employee Benefit Plans -  

Are You in Compliance?

Does your Organization maintain

an employee benefit plan?

 

Is your plan in compliance with the Department of Labor's Form 5500 filing requirements?

 

What is the mandatory electronic filing process?

 

Are you delinquent with filing prior year forms?
                

Form 5500 is due by the last day of the seventh month following the close of your plan year. For calendar year plans, the deadline is July 31 (a two and a half month extension may be filed). If you fail to file Form 5500 in a timely, accurate or complete manner, the IRS and the Department of Labor may impose severe penalties.

 

There are many complicated regulations regarding employee retirement and welfare plan's compliance, reporting, and the mandatory electronic filing requirement - you may have questions about what, when and how to file - WE CAN HELP! 
 
Linda Smith and
Maureen Sullivan   

Questions?  Call us at 508.871.7178

or email: contact@smithsullivancpa.com 

or go to:  www.smithsullivancpa.com   

  

  

 

 

 

 

At Smith, Sullivan & Company, PC, our dedicated professionals listen to your auditing and accounting, tax preparation, and small business questions. We provide personalized solutions to you and your family, your business or nonprofit, all at a reasonable price.

 

Our accounting team has extensive experience. We understand your frustration when you tell us that you've paid top dollar for accounting services - only to learn that there's a junior-level person working on your engagement. Or, that it's mid-March and your accountant isn't returning emails or phone calls because your files have been put on the back burner so that they can focus on the tax return crunch. At Smith, Sullivan & Company, PC we only send senior-level accountants into the field and they remain accessible to you throughout the year. A dedicated team is assigned year-round specifically to our nonprofit clients, so that deadlines are met on time and your questions are never ignored.

 

Established in 1993, Smith, Sullivan & Company, PC is for you if you value communication, one-on-one attention, and "hands-on" expertise from experienced senior-level accountants. Whether you have a project to bid on now, or in the near future, contact us to schedule an introductory meeting, we'd love to meet you!   

 

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