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Employee Benefits Law Report Reporting on recent trends and developments affecting employee benefits

Tag Archives: fiscal cliff

The Fiscal Cliff Is Avoided…But More Cliffs Loom In The Horizon

Posted in Tax Issues

A fall over the dreaded fiscal cliff has been avoided—at least for now.  Unless pre-occupied by New Year’s revelry or college football bowl games, all of us are well, and perhaps painfully, aware that Congress managed to by-pass the dreaded fiscal cliff by passing a tax relief bill on January 1, 2013.  A very ungainly legislative process came to a merciful end when the Senate passed the legislation in the pre-dawn hours of 2013 by an overwhelming vote of 89-8.  Then, after a day of high drama and rumors of Republican intent to amend the legislation and sent it back …


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Accelerating Incentive Pay From 2013 to 2012 — Executive Compensation Planning for the Fiscal Cliff

Posted in Executive Compensation, Fringe Benefits, Other Articles

Because of the pending fiscal cliff and the possibility of higher tax rates coming in 2013, we have been asked if private company employers should accelerate payments of incentive compensation into 2012, rather than pay them in 2013. This strategy may sound tempting to executives given all of the headlines of the fiscal cliff and potentially higher tax rates on high-wage earners. Still, a lot can happen between now and December 31st. To determine the appropriate tax planning strategy, employers should take the following steps.

  1. Have a Discussion With Key Executives. Your key executives are probably concerned about the

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