Summit CPA Group has merged with Anders CPAs + Advisors! Visit our website to learn more about our 401(k) process and pricing: https://anderscpa.com/401k-audits/ 

“This is a huge opportunity as a company to help your employees to prepare for retirement.”- Kim Moore 

The finer details in this episode:

• What is the SECURE Act?
• The timeline moving forward with the new law
• Statistics and reasons this act passed into law
• How this act will help you encourage your employees to prepare for retirement
• How to take advantage of this as a small company
• Benefits your business can receive from the act
• How to get your employees to participate in your plan
• Requirements you will be expected to meet
• Changes you need to know about

Episode resources

• Watch episodes of The 401(k) Audit CPA Success Show on YouTube.
• Learn more about the Anders 401(k) process and pricing.
• Email our Director + 401(k) Audit, Kim Moore, with questions.

Summit CPA Group has merged with Anders CPAs + Advisors! Visit our website to learn more about our 401(k) process and pricing: https://anderscpa.com/401k-audits/ 

“There are a lot of complexities in what drives the price for audits.”- Kim Moore 

The finer details in this episode:

• The average pricing for a 401K audit and what drives the pricing
• The difference between a fixed fee audit and a “time and materials” audit
• The payment process you can expect once the fee is set
• Other factors that might make your audit more expensive than average
• How Summit CPA is able to keep their 401k pricing so low
• Common questions we get during the quoting process

Episode resources

• Watch episodes of The 401(k) Audit CPA Success Show on YouTube.
• Learn more about the Anders 401(k) process and pricing.
• Email our Director + 401(k) Audit, Kim Moore, with questions.

Summit CPA Group has merged with Anders CPAs + Advisors! Visit our website to learn more about our 401(k) process and pricing: https://anderscpa.com/401k-audits/ 

“The most important thing for you as a sponsor is to make sure you understand your plan.” - Kyle Tanaka

The finer details in this episode:

• The process you can expect to follow with the auditing firm
• The information you will have to provide to your auditor
• How you can prepare for a 401k audit
• The importance of asking questions and keeping a dialogue with your auditor
• How to get organized before and during the audit
• Why you should always keep your payroll data

Episode resources

• Watch episodes of The 401(k) Audit CPA Success Show on YouTube.
• Learn more about the Anders 401(k) process and pricing.
• Email our Director + 401(k) Audit, Kim Moore, with questions.
• AICPA - https://www.aicpa.org
• GoToMeeting - https://www.gotomeeting.com
• Smart Sheet - https://www.smartsheet.com

Summit CPA Group has merged with Anders CPAs + Advisors! Visit our website to learn more about our 401(k) process and pricing: https://anderscpa.com/401k-audits/ 

Tweetable: “Make sure you understand the rules. Don’t just fly by the seat of your pants because you can get in a lot of trouble.” - Kim Moore

The finer details of this episode

• When do you need to hire an auditor?
• Who’s liable for a lousy audit?
• Questions to ask during your search for an auditor.
• What is the AICPA and why it matters?
• What is the role and purpose of a fiduciary?
• A 10,000-foot view of the audit process.
• What to do if you haven’t filed.

Episode resources

• Watch episodes of The 401(k) Audit CPA Success Show on YouTube.
• Learn more about the Anders 401(k) process and pricing.
• Email our Director + 401(k) Audit, Kim Moore, with questions.
• AICPA

Summit CPA Group has merged with Anders CPAs + Advisors! Visit our website to learn more about our 401(k) process and pricing: https://anderscpa.com/401k-audits/ 

Tweetable: “Don’t just hire the first audit firm you find. Don’t just hire the cheapest audit firm you find. Ask questions about the quality of the work they’re doing.” - Kim Moore

The finer details of this episode

• Jody’s background and how Kim took over the 401(k) audit process
• Kim’s background working in auditing
• What level of audit experience does the team have?
• The key things Kim focused on from the beginning
• How does being a “virtual” firm effect the 401(k) audit process?
• What to look for when hiring an auditor?

Episode resources

• Watch episodes of The 401(k) Audit CPA Success Show on YouTube.
• Learn more about the Anders 401(k) process and pricing.
• Email our Director + 401(k) Audit, Kim Moore, with questions.
• AICPA
• The Summit CPA backstory (coming soon)