Updated language may be needed in retirement plan during restatement

Every six years, the IRS requires that all retirement plan sponsors restate their prototype or volume submitter retirement plan documents for any law changes since the last restatement period. The current restatement period started May 1, 2014, and runs through April 30, 2016.

Beware of this financing trap

As business owners, we would all like to fund company growth organically with revenue and profits. There are a number of things, however, that eat at our margins, including payroll, vendors, suppliers, insurance, etc. Despite this, you never want to use short-term borrowings to cover long-term debt or long-term growth.

The habit of collaboration in Pittsburgh

The Allegheny Conference was launched in the 1940s to improve the air quality of the then “Smoky City.” This private-public partnership set the stage for what is now one of Pittsburgh’s greatest strengths.