For calendar year plans, the deadline is July 31, 2025. If your audit is not complete or you need additional time to file, you can request an extension by submitting Form 5558 to the IRS by July 31, 2025, which extends the filing deadline to October 15, 2025.

A recent change to the Department of Labor’s 401(k) audit threshold—shifting the participant count from eligible individuals to those with account balances—may reduce compliance burdens for some small plans, but can create unexpected complications and costs for those near the 100-participant mark, especially if an audit is skipped and later required.

Amendment offers meaningful relief to RV dealerships engaged in the sale of certain trailers and campers.

The latest tax legislation brings several significant changes that directly affect automobile dealerships. Understanding these provisions will help dealerships maximize benefits, improve customer conversations, and enhance overall profitability.

Current provisions governing Qualified Opportunity Funds (QOFs), including holding periods, gain exclusions, and critical election deadlines.

Guidance for Financial Success