Blog

  • Time for NQDC Plan Deferral Elections

    If you’re an executive or other key employee, your employer may offer you a nonqualified deferred compensation (NQDC) plan. As the name suggests, NQDC plans pay employees in the future for services currently performed. The plans allow deferral of the income tax associated with the compensation. But to receive this attractive tax treatment, NQDC plans…

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  • Offering COBRA to a Terminated Employee’s Domestic Partner

    Many employers offer coverage to employees’ domestic partners under their health care plans. If your organization does so, you need to determine what rights domestic partners have regarding COBRA insurance. General Principles One common question for employers is whether terminated employees may elect to continue COBRA coverage for their domestic partners. The answer is yes;…

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  • Research Credit Available to Some Business for the First Time

    The Tax Cuts and Jobs Act (TCJA) didn’t change the federal tax credit for “increasing research activities,” but several TCJA provisions have an indirect impact on the credit. As a result, the research credit may be available to some businesses for the first time. AMT Reform Previously, corporations subject to alternative minimum tax (AMT) couldn’t…

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  • Tax Reform Expands Availability of Cash Accounting

    Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to use the cash method of accounting for federal tax purposes. The cash method offers greater tax-planning flexibility, allowing some businesses to defer taxable income. Newly eligible businesses should determine whether the cash method would be advantageous and, if so, consider…

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