Going paperless in the workplace is no longer an option—it has become a necessity. As more financial organizations shift to paperless solutions, the benefits in terms of cost savings, time management, security, and environmental sustainability become undeniable. In this industry, the transition to digital processes is transforming the way our work is done.
Read MoreOn September 2, 1974, the Employee Retirement Income Security Act of 1974 (ERISA) was codified into our federal tax and labor laws. This landmark legislation revolutionized the management and regulation of employer-sponsored retirement plans, created Traditional IRAs that have provided incentives for all working Americans to save for retirement, and—with further legislative changes in the half-century since—has forever altered how Americans plan and save for retirement.
Read MoreThe 2023 tax season may be over, but that doesn’t always mean your work for this tax year is finished. Mistakes happen. But you might not find out about them until your client walks into your branch office with a tax form received from your financial organization that contains incorrect reporting information.
Read MoreThe 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 MoreIf you don’t offer HSAs to your clients, now may be a good time to test the waters and start your HSA program.
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 MoreNo one likes to make mistakes. And let’s face it, it can be embarrassing when tax reporting errors are brought to your attention by a client, or even worse, by an IRS agent.
Read MoreIf your organization is like many in the industry, you’ve held off on team training and other onsite visits in recent years. You may have added new team members, but they haven’t been able to experience the face-to-face IRA training that they need.
Maybe it’s time for a refresh for everyone, including your IRA program.
Read MoreQuality consumer education is one of the most effective marketing tools that you can deploy as part of a successful business strategy.
Read MoreFinancial organizations that serve as an IRA trustee or custodian are tasked with many responsibilities to maintain compliance. One of those responsibilities, which can carry hefty penalties if an organization is found to be noncompliant by the IRS, involves federal tax withholding requirements on IRA distributions.
Read MoreIf your financial organization offers inherited IRAs (sometimes called “beneficiary IRAs”), you probably understand how complex the payout rules have become for these types of IRAs in recent years.
Read MoreToday’s consumers want easy access to their accounts and when it’s convenient for them.
We get it. And we have the perfect solution to help your clients gain more independence over their IRAs. It will also help lighten the load for you and your staff.
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 MoreQuality consumer education is one of the most effective marketing tools that you can deploy as part of your business strategy.
Read MoreThe passage of both the SECURE Act of 2019 and the SECURE Act of 2022 have brought unprecedented changes in the retirement industry. Your clients have questions—we all do. But are you confident that you have the correct answers or even know where to find them?
Read MoreWithholding is a key area of IRA compliance and the penalties associated with failing to timely provide withholding notices to clients are costly. For example, the penalty for failing to timely provide a withholding notice is $100 per failure up to a maximum annual amount of $50,000. Ouch.
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?
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