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IRS issues guidance on new retirement catch-up contribution rules – part two

The new catch-up requirements are set to take effect after 2023. Many retirement plan sponsors have found it challenging to...

IRS issues guidance on new retirement catch-up contribution rules – part one

The SECURE 2.0 Act was signed into law by President Biden in December 2022. The expansive new law significantly altered...

An IRA contribution error

The IRS is beginning to tackle the taxpayer error of a yearly excess contribution to an IRA account. If you...

IRS provides transitional relief for RMDs and inherited IRAs – part two

In response to recent legislative changes, IRS Notice 2023-54 expands the relief already provided to taxpayers subject to the so-called...

IRS provides transitional relief for RMDs and inherited IRAs – part one

In response to recent legislative changes affecting the age at which taxpayers must start taking required minimum distributions (RMDs) from...

Social Security’s future: The problem and the proposals part II

Recent studies have rekindled fears about the Social Security program's approaching insolvency without congressional action. Social Security reform has long...

Social Security’s future: The problem and the proposals part I

Over 6 million people currently receive Social Security benefits. But, according to the Congressional Budget Office (CBO), in 2032, the...

New tax rules mean changes for retirement accounts

There are many methods for you to increase your retirement savings accounts through the SECURE Act 2.0, which Congress passed...

Is a Roth IRA right for you?

Consider investing in a Roth IRA if you're searching for tax-free savings and greater freedom in retirement. While Roth IRA...

Year-end spending package tackles retirement planning: part two

Congress enacted the Consolidated Appropriations Act of 2023 on December 23, 2022. In addition, the expansive year-end spending "omnibus" bill...

Year-end spending package tackles retirement planning: part one

Congress enacted the Consolidated Appropriations Act of 2023 on December 23, 2022. In addition, the expansive year-end spending "omnibus" bill...

Plan Your 2023 Retirement Contributions

As part of your planning for next year, you should review the contributions needed to fund your retirement accounts in...

5 steps to take now to cut your 2022 tax liability: Convert your traditional IRA to a Roth IRA

High inflation, rising interest rates, and a downturn in the stock market have all made for an eventful year. While...

What do the 2023 cost-of-living adjustment numbers mean for you? Part three: retirement plans

For more than 60 tax provisions, the IRS recently released its cost-of-living adjustment numbers for 2023. Many values increased significantly...

Take a balanced approach to retirement and estate planning using a split annuity

The biggest problem for those who are approaching or have already reached retirement is striking a balance between the necessity...

ERISA and EAPs: What’s the deal?

When considering an employee assistance program (EAP), many business owners wonder if the Employee Retirement Income Security Act (ERISA) will...

Establish a tax-favored retirement plan

If your company doesn't already have a tax-favored retirement plan in place, now is a terrific moment to start. The...

Proposed regulations for inherited IRAs bring unwelcome surprises

The first significant legislation signed into law addressing retirement savings since 2006 was in late 2019. Many improvements to retirement...

Congress eyes further retirement savings enhancements

The bipartisan Setting Every Community Up for Retirement Enhancement Act (SECURE Act) became law in 2019, marking the first important...

With a self-directed IRA, you choose your own investments

If you’re the type who would rather order ala carte rather than a set entrée, you might prefer a “self-directed”...

IRS extends administrative relief for 401(k) plans

As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in...

The SECURE Act changes the rules for employers on retirement plans

The Setting Every Community Up for Retirement Enhancement (SECURE) Act is the first significant retirement-related legislation in more than a...

To Our Valued Clients:

RRBB has always stood on values of being entrepreneurial and visionary in our thinking – anticipating the future needs and opportunities for our clients and positioning ourselves to be ready to meet these needs with timely solutions, insights, and an innovative approach. We are excited to take another big step forward to focus on the future reimagined not only for our firm and our people, but for you.

RRBB is pleased to announce our restructuring in which we will continue to conduct our attest practice through our existing firm, Rosenberg Rich Baker Berman, P.A. ("RRBB PA"); however, we are transferring our non-attest assets and services, such as tax, consulting, and other services (including services provided by CFO Financial Partners LLC), to a new entity, RRBB Advisors, LLC ("RRBB Advisors"). Accordingly, any engagement letters or services agreements between you and RRBB PA for audit or other attest services will remain with RRBB PA. Any engagement letters or services agreements between you and RRBB PA for tax, advisory, or consulting services will be assigned to RRBB Advisors.

As part of audit and attest engagements, RRBB PA will lease professional and administrative staff, both of which are employed by RRBB Advisors, to support RRBB PA's performance of those engagements. These leased individuals will be under the direct control and supervision of RRBB PA, which is solely responsible for the professional performance of audit and attest engagements.

As part of this restructuring, our partners have teamed with Crete Professionals Alliance to provide additional resources to both RRBB PA and RRBB Advisors, operating under the brand name, RRBB. This restructuring will further cement our mission to keep a client-centric mindset in all we do to ensure we are able to stay ahead of the unprecedented business changes this environment brings. We believe with this restructuring, RRBB is better positioned than ever to deliver excellent client service.

RRBB will remain focused, as we have for more than 60 years, on what counts – you. Our investment in long-term relationships and a dedicated, integrated approach to client service remains stronger than ever. Your team relationships and interpersonal experience with RRBB will not change. We believe that you will have access to significant additional resources and a deeper bench of expertise in consulting, advisory, and industry matters as we grow long into the future.

RRBB Advisors will maintain custody of all our files. Both RRBB PA and RRBB Advisors will comply with the same confidentiality obligations with respect to your confidential information. RRBB PA is and remains a licensed CPA firm. RRBB Advisors, which is not a licensed CPA firm, will be owned by the partners of RRBB and Crete Professionals Alliance. Please let us know immediately if you have any objection to such transfer of your files. If we do not receive any such objections within ninety (90) days from the date hereof, we will presume you have no such objections.

Note that we will also share certain of your information with Crete Professionals Alliance to assist in the administration of our practice and to monitor for compliance with applicable independence rules.

We are thrilled at the impact this next step will provide to help bring you solutions, insights, and tools to maximize your vision and accomplish your business and personal goals.

Please feel free to reach out to your RRBB relationship partner with any questions.

Sincerely,

The Partners and Managing Members of RRBB

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