The stakes are high for financial organizations that do not apply federal and state withholding on distributions that are subject to the withholding requirements. If your financial organization doesn’t withhold, it could be required to pay the amount that was supposed to be withheld and face IRS and state penalties. While federal withholding requirements can be daunting, state withholding laws can be cumbersome and difficult to administer.
Read MoreBeneficiary issues can be challenging, even if you’re a seasoned IRA administrator. They can be further complicated by state law and other relationship entanglements.
Read MoreThis is a busy time for financial organizations, especially for those that manage IRAs. Learn how we can help make your IRA program more efficient.
Read MoreThe 2022 tax season is over for most of us, but your work for this tax year may not be done. Inevitably, a client will walk into your branch carrying her 2022 Form 5498, IRA Contribution Information, to point out an error. So, what do you do?
Read MoreAs we prepare for Ascend 2023, let’s look back at what we learned at Ascend last year from you.
Read MoreIf traveling isn’t an option for your organization, you and your team can still benefit from face-to-face training with Ascensus’ experienced and knowledgeable instructors and engaging curriculum.
Let us come to you.
Read MoreWith the New Year fast approaching, your clients will have more questions about their IRAs, retirement plans, and education and health savings accounts. Are you prepared?
Read MoreTax reporting season is around the corner, and now is the time when many financial organizations audit their year-end IRA reporting data to catch and correct errors before tax documents are printed and mailed out.
Read MoreAlthough the 2021 tax season is behind us, your work for this tax year may not be done. Inevitably, you will end up with an IRA client walking into your branch carrying his 2021 Form 5498, IRA Contribution Information, to point out an error. So, what do you do?
Read MoreWe recently surveyed our clients to find out what types of training events they would prefer in 2022: 56 percent of respondents reported that they want on-site or in-person training while 43 percent prefer virtual or online training. Whether you prefer learning in person, virtually or online, we’ve got options for you.
Read MoreProviding consumer education content is one of the most effective marketing strategies that a financial organization can deploy. Creating quality educational materials that also promote your product offerings allows you to engage your clients, providing another connection to build trust and strengthen relationships.
Read MoreMaking sense of new guidance is no easy feat. For example, the proposed RMD regulations, released by the IRS in late February, is a hefty 275-page document. Who has the time to read and analyze this?
We do.
Read MoreSome days, the responsibilities of maintaining IRA compliance can feel like a heavy lift. But it’s especially important to stay on top of withholding notice requirements. Withholding remains a key area of IRA compliance, and the costs associated with failing to timely provide withholding notices to clients can be steep.
Read MoreIRA reporting requirements seem to grow more complicated each year. Financial organizations are noticing an uptick in the number of repayment and postponed contribution options on IRS Form 5498. Let us help you avoid any confusion—and unnecessary errors.
Read MoreYour clients have questions about their IRAs, retirement plans, health and education savings accounts. Providing quality consumer education content to your clients on the topics they are interested in is a simple, yet effective way to help them build their knowledge and promote your product offerings.
Read MoreThe costs associated with failing to timely provide withholding notices to clients can be steep. Now is the time start preparing to mail your IRA owners their withholding notices—before many of them begin taking IRA distributions in January.
Read MoreLooking for a great way to catch up on all of the latest developments and rule changes affecting retirement and health savings plans? Ready to get away for some worthwhile training and professional networking? It’s not too late to meet up with other financial industry professionals from all over the country at Ascend.
Read MoreRely on Ascensus’ reference guides and technical manuals for the correct, accurate information you need to help your clients with their tax-advantaged savings questions.
Read MoreAs a financial professional, it can be challenging to keep up with all the new regulations and rule changes that affect retirement, health, and education savings plans. That’s why each fall Ascensus sponsors annual training events that provide valuable, comprehensive education and updates.
Read MorePerhaps the most notable change in the last year and a half was not being able to do business or connect with clients in person. Well, whenever you’re ready—and with your health and safety in mind—our experts look forward to connecting with you in person again with on-site Ascensus training and service offerings.
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