Kristin Waits

ARSA Welcomes New Audit Supervisor Meg Lawson

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We are pleased to announce the addition of Meg Lawson, CPA, MAcc, as a Supervisor in the firm’s Audit & Assurance group.  Meg has over 9 years experience in public accounting working with clients in industries including employee benefit plans, government contracting, and professional services.  She has a Bachelor’s in Accounting and a Master of Accountancy from the University of Alabama.  We are excited to have her join our team!

Meg 2

Meg Lawson

Upcoming Important Dates

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Important Dates to Keep in Mind


  • Incurred Cost Submission Due Date


  • Form 5500 – Annual Return/Report of Employee Benefit Plan Due Date
  • Form 941 – Employer’s Quarterly Federal Tax Return Due Date


  • Form 1065 – Return of Partnership Income Extended Deadline
  • Form 1120S – S Corporation Tax Return Extended Deadline
  • 3rd Quarter Personal Estimated Payment Due Date
  • 3rd Quarter Corporation Estimated Payment Due Date


  • Form 1041 – U.S. Income Tax Return for Estates & Trusts Extended Deadline


  • Form 1040 – U.S. Individual Tax Return Extended Deadline
  • Form 1120 – U.S. Corporation Tax Return Extended Deadline
  • FBAR – Report of Foreign Bank & Financial Accounts Extended Deadline


  • Form 941 – Employer’s Quarterly Federal Tax Return Due Date


  • Form 990 – Return of Organization Exempt from Income Tax Extended Deadline

Incurred Cost Submissions Due

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Do you have the clause FAR 52.216-7 “Allowable Cost and Payment” in any of your contracts? If you do, you have a requirement to prepare an Incurred Cost Submission for your company and submit to your local DCAA office by June 30th, 2018. Typically, this FAR clause is incorporated in cost reimbursable contracts and Time-and-Materials (T&M) contracts that are direct to the government or a flow-through from a prime contractor. A fixed price contract may also have a cost reimbursable element(s) so be sure to check all your contracts for this clause that triggers the requirement for submission.  If you discover that you do have the requirement and would like help in the preparation or review of the submission, we’d be happy to help with that. Please contact Michelle Jenkins at and we can get you on your way to compliance!

401(k) Plan Administration

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Best Practices in 401(k) Plan Administration

Even if an audit is not required of your company’s 401(k) plan, the plan administrator, trustee and others acting on behalf of the plan participants are still required to meet their fiduciary responsibility.  That includes acting with due care, following the plan document, diversifying plan investments, and paying only reasonable plan expenses.  Read our article for more information.

Congratulations to our New CPAs!

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Congratulations to our newly certified CPAs, Deborah Jacobs and Jarom Haynie.  Deborah joined the firm in 2013 and is a Supervisor in our ARSA Solutions group.  She graduated from the University Alabama in Huntsville with a BSBA in Accounting in 2004.  Deborah is a Certified QuickBooks Advanced ProAdvisor and works with our CFO Services, Outsourced Accounting and Small Business Services clients.  Jarom joined the firm in 2016 and is a Senior Accountant in our Audit & Assurance group.  He graduated from Athens State University, summa cum laude, with a BS in Accounting in 2015.  Jarom works with our Construction, Employee Benefit Plan, Government Contracting, Manufacturing and Not for Profit clients.  We are very proud to have them on our team!

Jarom Haynie

Deborah Jacobs

Deborah Jacobs