The Tax of Life

  • All Topics
  • Contributors
  • About
  • Contact
  • Subscribe
You are here: Home / Archives for Employee Benefits

Coronavirus-Related Retirement Plan Distributions and Loans: Helping Retirement Plan Committees Decide

April 6, 2020 by Lowell Walters

Retirement plan committees are being asked whether to add the coronavirus-related retirement plan distribution and loan provisions to their retirement plans. These committees are under more pressure than usual due to the economic downturn, so in addition to this brief article that should help with the immediate decision-making, it might be worth reviewing this article about a retirement plan committee that acted prudently during a different chaotic economic ... Keep Reading »

Filed Under: Employee Benefits

Planning to Claim the COVID-19-Related Tax Credits

April 3, 2020 by Lowell Walters

This article intends to help your payroll or finance departments prepare to take advantage of the employment tax credits provided by the Families First Coronavirus Response Act (FFCRA), signed into law on March 18, 2020. What is the credit? Philosophically speaking, the credit offsets the costs of the emergency paid sick leave and paid FMLA created by the FFCRA. Why are we getting this? The credits should help employers recoup their costs for keeping affected ... Keep Reading »

Filed Under: Employee Benefits

Retirement and Health Plan Cost Reductions During a Financial Downturn or Recession

March 24, 2020 by Lowell Walters

Whether the economy is in a financial downturn or your particular organization is hitting a rough patch, at some point you will consider reducing costs. Welfare and retirement benefit expenses generally follow employee compensation, property and infrastructure, and the cost of goods for sale, in terms of significance. The following are some considerations to help you reduce employee benefit costs. Prioritize Your Benefit Structure In general, you want to target benefit ... Keep Reading »

Filed Under: Employee Benefits

Using Nonqualified Plans to Reduce 401(k)/403(b) Costs

February 4, 2020 by Lowell Walters

This article focuses on 401(k) and 403(b) plans that are in one of the following situations: The plan failed ADP or ACP testing and must distribute excess amounts to its higher-ranking employees or make additional contributions to its rank-and-file employees. Higher-ranking employees are limiting their salary deferrals in order to avoid triggering top-heavy minimum contribution requirements. The plan must make employee contributions due to its top-heavy status ... Keep Reading »

Filed Under: Employee Benefits

Four Noteworthy Highlights on the Taxation of Fringe Benefits

January 24, 2020 by Lowell Walters

This article should interest employers that offer fringe benefits to employees in addition to regular pay. An updated IRS publication outlining how employers should tax certain fringe benefits (IRS Publication 15-B) was released on December 26, 2019. Normally, the changes to Publication 15-B consist of little more than updates to certain statutory limits, like the mileage reimbursement rate, but we noticed several changes that could affect a lot of employers. Following ... Keep Reading »

Filed Under: Employee Benefits

  • « Previous Page
  • 1
  • …
  • 3
  • 4
  • 5
  • 6
  • 7
  • …
  • 10
  • Next Page »

Carlton Fields Logo

A blog focused on recent developments in tax law by the attorneys of Carlton Fields.

Focused Topics

  • Employee Benefits
  • Estate and Gift Tax
  • Federal Income Tax
  • International Tax
  • LLCs and Partnerships
  • Qualified Opportunity Zone
  • State and Local Tax
  • Tax Exempt Organizations
  • Tax Controversy

Recent Articles

  • How to Prepare for the IRS’s “New 90-Day Pre-Examination Compliance Pilot” Audit Process
  • COBRA Deadlines and Proofs of Mailing in Carter v. Southwest Airlines Co. Board of Trustees
  • Midyear Premium Increases and Cafeteria Plan Rules

Get Weekly Updates!

Receive articles straight to your inbox, every Monday at 8:00 A.M.

Carlton Fields

  • carltonfields.com
  • Practices
  • Industries
  • ExpectFocus Magazine

Related Practices

  • Taxation
  • Tax Litigation and Controversy

About Tax of Life

  • All Topics
  • Contributors
  • About
  • Contact
© 2014–2023 Carlton Fields, P.A. · Carlton Fields practices law in California as Carlton Fields, LLP · All Rights Reserved · Privacy Policy · Disclaimer

Carlton Fields publications should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information and educational purposes only, and should not be relied on as if it were advice about a particular fact situation. The distribution of this publication is not intended to create, and receipt of it does not constitute, an attorney-client relationship with Carlton Fields. This publication may not be quoted or referred to in any other publication or proceeding without the prior written consent of the firm, to be given or withheld at our discretion. To request reprint permission for any of our publications, please contact us. The views set forth herein are the personal views of the author and do not necessarily reflect those of the firm. This site may contain hypertext links to information created and maintained by other entities. Carlton Fields does not control or guarantee the accuracy or completeness of this outside information, nor is the inclusion of a link to be intended as an endorsement of those outside sites. This site may be considered attorney advertising in some jurisdictions.