On May 18, 2021, the Internal Revenue Service (IRS) released Notice 2021-31 (the “Notice”) providing guidance in Q&A format on the application of the temporary COBRA premium assistance provisions of the American Rescue Plan...more
Section 162(m) of the Internal Revenue Code of 1986 (as amended, the “Code”) imposes a $1 million deductibility limit on compensation paid by “publicly held corporations” to “covered employees.” As reported in our previous...more
1/11/2021
/ Compensation & Benefits ,
Corporate Taxes ,
Covered Employees ,
Executive Compensation ,
Final Rules ,
Grandfathering Rules ,
IRS ,
Privately Held Corporations ,
Publicly-Traded Companies ,
Remuneration ,
Section 162(m) ,
Tax Cuts and Jobs Act ,
Tax Deductions
COVID-19 has, among other things, had an impact on executive compensation and employee benefits, and given rise to a number of new issues and considerations. These compensation issues present challenges for companies seeking...more
In response to the coronavirus pandemic, Congress recently passed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). President Donald Trump signed the CARES Act into law on March 27, 2020. Below is a...more
4/13/2020
/ Benefit Plan Sponsors ,
CARES Act ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employer Contributions ,
Executive Compensation ,
Filing Deadlines ,
Over The Counter Drugs (OTC) ,
Required Minimum Distributions ,
Retirement Plan ,
Student Loans ,
Telehealth
On November 22, 2019, the U.S. Court of Appeals for the First Circuit in Sun Capital Partners III, LP v. New England Teamsters and Trucking Industry Pension Fund (1st Cir., No. 16-1376, Nov. 22, 2019) (“Sun Capital IV”)...more
The Internal Revenue Service (IRS) on November 6, 2019 announced the following cost of living inflation adjusted dollar limits applicable to tax-qualified plans and other benefit plans for 2020...more
11/8/2019
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Compensation & Benefits ,
Contribution Limits ,
Defined Benefit Plans ,
Defined Contribution Plans ,
Employee Benefits ,
ESOP ,
Flexible Spending Accounts ,
Fringe Benefits ,
Health Savings Accounts ,
IRS ,
Retirement Plan ,
Social Security ,
Tax Planning
On December 15, 2017, the House and Senate conference committee agreed on the terms of the final tax reform bill, previously referred to as the “Tax Cuts and Jobs Act” (the “Act”), which was subsequently approved by both...more
1/9/2018
/ Affordable Care Act ,
Bicycles ,
Business Expenses ,
Business Taxes ,
Commuting ,
Compensation ,
Corporate Taxes ,
Employee Relocations ,
Equity Grants ,
Fringe Benefits ,
Incentive Awards ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Inflation Adjustments ,
Internal Revenue Code (IRC) ,
IRS ,
New Legislation ,
Reimbursements ,
Retirement Plan ,
Roth Conversions ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Tax Reform ,
Transportation Expenses ,
Trump Administration
On November 2, 2017, the Committee on Ways and Means of the U.S. House of Representatives released its tax reform bill titled the Tax Cuts and Jobs Act (the “House Bill”). On November 6, 2017, Kevin Brady, Chairman of the...more
11/10/2017
/ CEOs ,
CFOs ,
Corporate Taxes ,
Covered Employees ,
Deduction Limitations ,
Deferred Compensation ,
Defined Benefit Plans ,
Dependent Care Assistance Program (DCAP) ,
Employee Benefits ,
Employee Housing ,
Employer Contributions ,
Equity Compensation ,
Excise Tax ,
Executive Compensation ,
Former Employee ,
Fringe Benefits ,
Grandfathering Rules ,
Health Savings Accounts ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Internal Revenue Code (IRC) ,
Itemized Deductions ,
Legislative Amendments ,
Proposed Legislation ,
Restricted Stocks ,
Retirement Plan ,
Securities Exchange Act ,
Stock Options ,
Tax Cuts ,
Tax Deductions ,
Tax Exempt Entities ,
Tax Reform ,
Ways and Means Committee
Beginning in 2018, U.S. public companies will generally need to comply with the pay ratio disclosure rule under the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires that each such company disclose the...more
10/2/2017
/ CEOs ,
Disclosure Requirements ,
Division of Corporate Finance ,
Dodd-Frank ,
Executive Compensation ,
Guidance Update ,
Independent Contractors ,
Leased Employees ,
Median Employee ,
Pay Ratio ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Wall Street