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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.
The ACA’s shared responsibility penalty on individuals without health insurance no longer applies after 2018, but state penalties may apply.
Individuals and their advisors need to be familiar with the various IRA tips and traps to avoid negative consequences.
The medical device excise tax, the health insurance tax and Cadillac tax have all been repealed by recent legislation.
The due date for providing 2019 Forms 1095-B and 1095-C to individuals has been extended by the IRS from Jan. 31, 2020 to March 2, 2020.
The SECURE Act makes changes affecting retirement benefits in qualified plans and in IRAs for both the employers and individuals.