Legacy Professionals LLP

  Golf has long been seen as a traditional sport deeply rooted in history and physical skill. Yet, as technology advances, the game is evolving in ways once unimaginable. Virtual reality (VR) is now at the forefront of this transformation, reshaping how golfers train, play, and engage with the sport. This change is not just about convenience; it is about creating new experiences that bring golf to a broader audience and enhance the skills of players at all levels. Virtual reality opens doors for golfers to practice anytime and anywhere. It eliminates the need for ideal weather or access to a physical course. Golfers can step into a virtual environment that mimics real-world courses with remarkable precision. This technology enables players to analyze their swings, receive instant feedback, and focus on specific aspects of their game in a controlled environment. As a result, golfers can sharpen their skills more efficiently than traditional training methods. Enhanced Training and S...

The SECURE Act 2.0, passed to enhance retirement savings opportunities, brings significant changes that organizations must understand and adapt to. This legislation builds upon the original SECURE Act, aiming to encourage more Americans to save for retirement and provide businesses with updated tools and rules to support those goals. As your organization reviews its retirement policies , grasping the new provisions is essential to stay compliant and optimize employee benefits. Strengthening Retirement Savings Through Policy Updates One of the most impactful features of the SECURE Act 2.0 is its emphasis on increasing participation in retirement savings plans. It raises the age for required minimum distributions (RMDs) from retirement accounts, allowing employees to keep their money invested longer. This change directly affects your organization’s administration of retirement plans, as you must update plan documents and communicate new RMD ages to employees effectively. Moreover, the Ac...

In today’s fast-paced accounting industry, CPA firms are constantly vying for top talent, and attracting and retaining skilled professionals can make or break a firm’s success. Recruitment and retention are more than just human resources functions—they are strategic imperatives that directly impact client satisfaction, operational efficiency, and long-term growth. Firms that master these areas position themselves as leaders in the competitive marketplace. The Strategic Role of Recruitment in CPA Firms Recruitment is the critical first step in building a high-performing team. For CPA firms, recruiting means finding professionals who possess technical expertise in accounting principles and excel in communication, client service, and problem-solving. These qualities are essential as firms face evolving regulatory requirements and complex client needs. Additionally, effective recruitment minimizes the costly effects of employee turnover and understaffing. When firms target candidates whos...

The SECURE Act 2.0 introduces a range of changes that significantly impact employee retirement plans. Building upon the SECURE Act of 2019, this new legislation seeks to address retirement savings gaps and improve the accessibility of retirement plans for Americans. By creating more opportunities to save and making retirement planning more flexible, the SECURE Act 2.0 is poised to offer lasting benefits for both employees and employers. Here, we break down some of the most notable changes brought about by this new law. Later Required Minimum Distributions (RMDs) One of the most prominent provisions of SECURE Act 2.0 is the increase in the age for required minimum distributions (RMDs). Under the original SECURE Act, individuals were required to begin taking RMDs from their retirement accounts at age 72. SECURE Act 2.0 pushes this age limit to 73 starting in 2023, and it will increase to 75 by 2033. This provides retirees with more time to grow their savings without being forced to take...