BHCB performs assurance services in several specialized areas, which include the following.
Employee Benefit Plans
BHCB performs assurance and compliance services for a wide variety of benefit plans that fall under the Employee Retirement Income Security Act (ERISA). Our professionals have extensive training and experience in auditing all types of employee benefit plans. In addition we have expertise in preparation of Form 5500. We keep current with changes prescribed by ERISA, the Department of Labor, IRS and the Social Security Administration. We communicate issues and exposure areas that are critical for those who have fiduciary responsibilities for benefit plans. We have significant experience with defined contribution plans, 401(k) plans and profit sharing plans.
BHCB is a member of the American Institute of Certified Public Accountants Employee Benefit Plan Audit Quality Center (EBPAQC), which is a voluntary membership center for firms that audit employee benefit plans.
Our professionals understand the specific needs and concerns of our clients in the not-for-profit sector. Our experience includes (but are not limited to) servicing private foundations, human service organizations/social service agencies, membership organizations, supporting organizations, and religious institutions.
BHCB provides a complete range of services to this important sector which include:
- Audits, reviews and compilations
- We have substantial experience performing compliance audits pursuant to Yellow Book Standards, including Single Audits prescribed by OMB Circular A-133. This includes audits of not-for profit organizations that have received federal and/or state awards over a certain threshold. Our professionals are trained in Yellow Book requirements and meet the continuing professional education standards as outlined in Government Auditing Standards. Our audits assist our clients in providing information which can be utilized for oversight, accountability, transparency and improvement of government programs and operation.
- We also provide the applicable tax services including annual state and federal filings (Form 990, 990-T) and other regulatory filings compliance.