Growing With Our Clients for 75 Years

Documenting Hardship Withdrawals and Loans

Employee Benefit Plans

The IRS clarified its rules for documentation of hardship withdrawals and participant loans on its website in 2015. With respect to hardship withdrawals, sponsors must retain: Documentation of the hardship request, review and approval, Financial information and...

Be Careful What You Toss

Employee Benefit Plans

Plan record retention requirements As far as the IRS is concerned, you can’t save too many retirement plan documents. Plan sponsors, on the other hand, might reasonably feel the need to free up file storage space every now and again by purging documents no longer...

Are you ready for endowments?

Not-for-Profit

With baby boomers — the largest and wealthiest generation in U.S. history — expected to transfer trillions of dollars worth of assets in the next few decades, this could be the right time to launch an endowment. Nonprofits have long turned to endowments for help...

Accountants | Auditors | Consultants | CPAs - Warady & Davis LLP is a Top 25 Chicago CPA Firm that provides audit, accounting, tax and consulting services to privately-held businesses, high net-worth individuals across the United States, including Chicago (IL), Milwaukee (WI) and surrounding areas. The firm provides a variety of accounting, tax, audit, technology, forensic, consulting and advisory services to guide businesses toward their goals. W&D's industries served include construction, healthcare, medical and dental practices, nonprofits, manufacturing, real estate, wholesale & distribution and closely-held businesses.