At times during the business life cycle it can be cost effective to have someone else perform tasks that, while essential, are not part of your core business. PKHB's Business Support Services is a portfolio of offerings designed to give organizations a way to outsource accounting functions to, well, professional accountants.

PKHB business support services include:

• Accounting — monthly, quarterly and year-end financial information processing and reporting
• Payroll — preparation, recordkeeping and tax reporting, W-2 and 1099
• Sales tax — preparation and reporting
• Bookkeeping assistance and training — including design and implementation of accounting software systems
• Personal recordkeeping and budgeting
• Third-party pension plan administration for Taft-Hartley (multi-employer) and single-employer plans

A word about benefit and pension plans...

A third-party retirement plan administrator performs the statutory record keeping requirements that take effect when a retirement plan is adopted. PKHB advisors have command of the financial reporting requirements of the Employee Retirement Income Security Act of 1974 (ERISA), Defined Benefit Plans, Defined Contribution Plans and Health Reimbursement Arrangements (HRA). Among the functions we provide are

• Determination of eligibility
• Maintenance of participant information, i.e., service years, vesting, accumulated benefits
• Retirement benefits processing
• Hardship, in-service, and termination distributions processing
• 401(k) profit sharing plan compliance and discrimination testing
• Periodic individual participant statements
• Sponsor's Annual Allocation Report
• Preparation of government reporting forms and documents