Compensation and Benefits
Structuring programs to compete for talent in today’s market
Effective compensation and benefits programs are central to your ability to attract and retain talent in today’s hypercompetitive employment market. The good news? You have more options to choose from than ever before, enabling you to more closely tailor your compensation and benefits programs to your business strategy and to your employees’ needs. But that complexity is also the bad news. How do you choose the right options without creating undesirable tax complications? How do you keep your plans aligned with your strategy in an evolving business environment? How do you deal with the uncertainties and compliance burdens of constantly changing regulations?
At RSM, we understand. We’ve been helping middle market businesses make the right compensation and benefits choices to support their unique strategies for decades. From plan design and implementation to the full range of compliance, tax and reporting challenges you face, we’re ready to help.
Although the specific provisions and timing of tax reform remain uncertain, it seems likely that business tax rates will be lower in the future. Given this expectation, prudent planning for employers includes accelerating deductions into periods before the rates will drop, leading to a permanent tax savings from the rate differential.
On May 4, 2017, the American Health Care Act (AHCA), which modifies the Affordable Care Act (ACA), was passed by the House of Representatives, but the bill still faces an uncertain future.
The House of Representatives passed the American Health Care Act as a first step toward modifying the Affordable Care Act.
Employee stock ownership plans can be hard to understand so review the facts before drawing a conclusion on the impact on your business.
The IRS issued proposed regulations changing the definition of qualified matching contributions and qualified nonelective contributions applicable to 401(k) plans. Although this is favorable to plan sponsors, it may be too little, too late.