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My first ever accounting related job was hand addressing envelopes to the Commissioner of Revenue for Franklin County VA. When I graduated to putting the corrections in the CCH books, it was a relief!

My first ever accounting related job was updating the pages as corrections came in. My dad would bring those binders home from work (a few at a time) with the new pages, and I'd swap them out. For a pittance, but it was my pittance!

We have had clients who called with intricate questions. When we told them they really should consult with their attorney, they pointedly said that attorneys charge too much and they were hoping to get answers from us (on a free phone call)! In this case it's a no brainer. They need an attorney or FA to set this up the right way to achieve whatever goals they have.

The Earned Income Credit for older single workers available for 2021 returns did turn out to be a one trip pony. So now older workers who likely could use the extra help will be assigned back to the scrap heap.

Or might get melty and yukky when baked! Good move.

I cheated! I made 'King' Cake today, but I made chocolate (my crew isn't in to the pecan/raisin swirl thing). I did make it round, but I put Baby Jesus in the center hole rather than baking him into the cake ... I know he's Holy, but I still think his plastic version could be carcinogenic ;).

Thank you all for your responses. The company in question is a client of a contact of mine. I have no idea what the plan docs say but they seem to. I'll underscore they should investigate the plan docs first.

I tell clients, "I'm not a lawyer, and I don't even play one on television," and follow that with "and it's illegal for me to give you legal advice - you need an attorney." With advice not to stop asking questions until they understand what they are being told.

Almost all of my clients are Blue Collar Businesses. Every single one of them has a knee jerk response to avoid using Attorneys. When they do reluctantly use an Attorney, they won't ask the Attorney to explain all the stuff they don't understand. So in the end their expectations were fulfilled, it was waste of money.

It's going to depend on how they normally book entries. The correct way under normal circumstances would be to debit employer match expense and credit 401K liability each pay period. Since the forfeiture is reducing the amount they need to pay debit 401K liability and credit match expense. A detailed description in journal entry why the entry is made for future reference.

Hopefully this will free up some employees to work on the 8 Million Tax Returns currently in suspense waiting for a live body to work on them.

Wow, four hours to bake! The baker would need some of those calories back after all that prep and mixing.

There are of things which will be reduced as the pandemic related expenditures expire, Medicaid, WIC, SNAP and the Child Tax Credit. In addition none of the usual year end extenders were passed.

I have never used the forfeited funds for employee match. Suggest you make sure that is allowed in the plan doc like cbslee says. If it is, I would guess that you need 2 entries. #1 is to record the forfeiture and would be a debit to an asset account and a credit to the same expense account you use for the match. #2 is when you use the forfeiture, reverse the entry above. I used to do a lot of these. Forfeits were only used for plan expenses. We had a cash account for the plan administrator to deposit the forfeitures into. At the time of the forfeiture we debited that cash account and credited 401K ER Expense. When we used the cash to pay the plan expenses at the end of the year when the administrator prepared the statements, testing and 5500 we debited the expense 401K ER Expense and credited the cash account. Tom Longview, TX

I still have all my volumes of the CCH guide ... anyone else remember the big black 3-ring binder notebooks? I keep them on a bookshelf now for decor!

The recipe on this page (scroll down a ways) would make a cake big enough for ALL of us to have a couple of pieces! https://randombitsoffascination.com/2023/01/06/closing-out-the-holidays-with-twelfth-night/ For those who don't click links (emphasis added): Take four pounds of flour dried and sifted, seven pounds of currants washed and rubbed, six pounds of the best fresh butter, two pounds of Jordan almonds blanched, and beaten with orange flower water and sack till fine; then take four pounds of eggs, put half the whites away, three pounds of double-refined sugar beaten and sifted, a quarter of an ounce of mace, the same of cloves and cinnamon, three large nutmegs, all beaten fine, a little ginger, half a pint of sack, half a pint of right French brandy, sweet-meats to your liking, they must be orange, lemon, and citron; work your butter to a cream with your hands before any of your ingredients are in; then put in your sugar, and mix all well together; let your eggs be well beat and strained through a sieve, work in your almonds first, then put in your eggs, beat them together till they look white and thick; then put in your sack, brandy and spices, shake your flour in be degrees, and when your oven is ready, put in your currants and sweet-meats as you put it in your hoop: it will take four hours baking in a quick oven: you must keep it beating with your hand all the while you are mixing of it, and when your currants are well washed and cleaned, let them be kept before the fire, so that they may go warm into your cake. This quantity will bake best in two hoops. (whatever those are!) ~Hannah Glasse (1784)

I need to call one of my clients and see if they got their money? Tom Longview, TX

Excellent, but based on hash difficulty, it will be hard to find someone doing it as a hobby who has mined any bitcoin in 2022.