Employment Law This Week: Crack Down on Non-Solicitation Agreements, DOL Opinion Letters, New NLRB Member, State Law Developments
For more, click here: https://bit.ly/2HgmUBT[9]
5. Tip of the Week
John Tomaszewski, Jr., from BDO USA, LLP, offers advice on updating compensation structures and benefits policies in 2018:
“With the tax reform changes becoming effective, there are a few key areas relating to executive compensation and benefits that employers should take action on now. The biggest changes impact executive compensation for public companies and tax-exempt organizations. For public companies, more executives and more compensation will be subject to the annual 1 million dollar tax-deduction limit. For tax-exempt organizations, there’s a new 21% tax imposed on the employer for compensation paid to certain highly compensated employees in a year in excess of a million dollars, and on termination payments in excess of a calculated threshold. These changes may dramatically shift how executive compensation packages are structured for these employers.”
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This document has been provided for informational purposes only and is not intended and should not be construed to constitute legal advice. Please consult your attorneys in connection with any fact-specific situation under federal law and the applicable state or local laws that may impose additional obligations on you and your company. © 2020 Epstein Becker & Green, P.C.
References
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- ^ the firm’s press release here (www.ebglaw.com)
- ^ subscribe for updates (www.ebglaw.com)
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- ^ Eddie Loya (www.ebglaw.com)
- ^ https://bit.ly/2JdPBvL (bit.ly)
- ^ https://bit.ly/2HEOd8i (bit.ly)
- ^ https://bit.ly/2qOUW4T (bit.ly)
- ^ https://bit.ly/2HgmUBT (bit.ly)
- ^ Click here to subscribe by email – select the checkbox next to (www.ebglaw.com)
- ^ Employment Law This Week. (www.ebglaw.com)
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