Tag Archives: tax

Tax Reform: Confidential Sexual Harassment Settlements Come With a Price

The recently passed tax act promises to have wide ranging impacts on businesses which go beyond the accounting department. There have been attempts by other agencies such as the SEC, EEOC, DOL and NLRB to limit the confidentiality of settlements.  The new tax act follows suit by including a provision which makes confidential payments or settlements … Continue Reading

Don’t Forget About ACA Compliance with Staffing Firm Service Agreements

Applicable large employers – those with 50+ full-time employees (ALEs) – under the Affordable Care Act (ACA) must satisfy the law’s “employer mandate,” meaning that they may be assessed penalties for: Failing to offer minimum essential coverage to full-time employees and their dependents Offering eligible employer-sponsored coverage that is not affordable or does not provide … Continue Reading

Turn a FICA Sting into a FICA Benefit

The final chapter of an unusual FICA tax saga recently was ordered in the form of a settlement between Henkel Corporation and a group of its retirees. Although framed as a case involving retiree benefits, the case’s application is not that narrow. Henkel sponsored a nonqualified deferred compensation (“NQDC”) plan that provided monthly benefits after … Continue Reading
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