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Hi, Friend. Here are your Articles for February 13, 2008.
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation.
The drafter of the tax articles in this e-newsletter did not intend nor write the advice to be used to avoid any penalty imposed by a taxing authority, nor may any user/recipient of this document use this document's written tax advice for that purpose. This document's tax advice was written specifically to support the promotion or marketing of the transaction/matter addressed by the written tax advice. Therefore, any user/recipient of this document should seek an independent tax professional's advice regarding the user/recipient's particular circumstances.
The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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Full Newsletter 
During any given year, the Internal Revenue Service (IRS) is inundated by retirement plan sponsors with some very interesting reasons why plans are not reviewed on a regular basis and why actions are not taken to bring plans into compliance with the law. In an effort to help plan sponsors deal with complex compliance issues, the IRS has identified ten reasons to identify and fix mistakes in the operation of retirement plans. Read on for more details.
As an insurance company executive, I am sure you have watched with deep interest the National Association of Insurance Commissioners (NAIC) debates with the mutual insurance companies over the need for Sarbanes-Oxley (SOX) type controls within the insurance industry. These debates started in 2004 and culminated with the adoption of revisions to the Model Audit Rule (MAR) in 2006 which tailored into the MAR risk based auditing standards similar to those found within the SOX Act. Read on for a summary of those changes relating to corporate governance within the MAR and how these changes not only impact the large mutual insurers but have impacts on all insurers.
Things have gotten easier for taxpayers who need help preparing their federal returns this year. The IRS has improved two key electronic tools available on their Web site, 
Outsourcing certain tasks to employee leasing or professional employer organizations can help your business, but what if the leasing company fails to meet its financial obligations by not turning payroll taxes over to the IRS? One case provides some guidance. Click "Full Article" for details on that case and to learn the basics of employee leasing,
Monitoring e-mail messages and employee online activities may seem like spying, but companies must balance employees' privacy with the risks of legal liability if their staff members abuse electronic mail and Internet privileges. Here are some guidelines for setting up a written policy on acceptable use of online correspondence that can help protect your business from costly litigation.
