McDermott Will & Emery Employee Benefits

JULY 26, 2022

Last month, the Washington Court of Appeals affirmed a lower court’s decision to dismiss a challenge to the recently enacted payroll expense tax in Seattle, WA. The tax, which went into effect on January 1, 2021, […]. Seattle Metro. Chamber of Commerce v. City of Seattle, No. 82830-4-I, 2022 WL 2206828 (Wash.

Taxes 94

Taxes Payroll Employee Benefits Executive Compensation 94

Insperity

OCTOBER 2, 2018

When federal tax reform happens, it makes headlines across all media, with the news of sweeping tax changes and how they impact businesses and individuals. Our nation’s first major tax reform in more than 30 years has spurred many business owners to spend hours with their CPAs and tax consultants over the past few months.

Taxes 72

Taxes 401(k) Payroll Professional Employer Organization 72

CorpStrat

JULY 20, 2022

Are your retirement plan programs in full compliance with ERISA and fiduciary responsibilities including filings of all required tax reporting? Review any and all TOP HAT or executive compensation programs, and be sure to address any unfunded liabilities or promises like bonus agreements. . Learn more here.

Employee Benefits 98

Employee Benefits Benefits Package Executive Compensation PTO 98

Business Management Daily

NOVEMBER 12, 2019

Which means now is the perfect time to think about the impending payroll year-end season. Payroll ’s annual year-end trek crosses many corporate boundaries. According to our tally, you’ll probably be crossing paths with Accounts Payable, Benefits, HR and the executive compensation committee. 1: Organize for success.

roth 401(k) 8

roth 401(k) 401(k) Payroll Executive Compensation 8

Benefits Notes

AUGUST 29, 2023

Act of 2022 (“SECURE 2.0”) required that effective as of January 1, 2024 , participants in 401(k) plans, 403(b) plans, or governmental 457(b) plans, who were age 50 or older and whose Social Security wages for the previous year exceed $145,000 (indexed), only be permitted to make catch-up contributions under such plans on a Roth (after-tax) basis.

401(k) 52

401(k) Retirement Plan Executive Compensation Taxes 52

Benefits Notes

MARCH 31, 2021

The ARPA also allows the employer, insurer, or multiemployer plan sponsor who subsided the premiums to offset the cost by claiming a new federal tax credit. The subsidy is tax-free to the individual receiving the subsidy. Tax Credit. Below is a summary of the ARPA’s COBRA subsidy provisions. Changes to Code Section 162(m).

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Taxes Pension 40