Seattle voters approve payroll expense tax on high earners
Retroactive to January, the new Social Housing Tax imposes an additional 5% payroll expense tax on compentsation over $1 million.
Choosing the right compensation and benefits program that works to attract and retain talent is complicated. You want to be competitive in the marketplace and recruit the best employees and executives. You want the program to align with your long-term business strategy. Yet you also need to monitor—and comply with—ever-changing regulations and tax policies. And you need to do it across multiple programs both at the organizational and individual level.
It’s a lot, but we can help. For decades, we’ve helped middle market businesses plan and implement compensation and benefits programs that are tax advantageous. We understand the many tax, compliance and reporting challenges you face.
RSM goes beyond tax. We seamlessly coordinate services across your company—from auditing your employee benefits plans to designing your total rewards programs. Also ask us about variable pay/incentive programs for for-profit and nonprofit entities.
