McDermott Will & Emery
IRS Guidance on Exec Comp Changes Falls Short
A notice on how to apply tax-deductibility changes included in the recent tax-reform law may leave open more questions than it answers.
Why Life Insurance Portfolios Must Be Audited
While companies have good reasons to buy insurance on executives' lives, lax monitoring of policy performance can destroy much of the value.
Good Advice for Plan Sponsors: Monitor Advisers
DoL's new "conflict of interest rule" for plan advisers may be good news for sponsors of small 401(k) plans, but will it drive up fees?
CFOs Face Liability for Business Taxes
Finance executives can be liable for unpaid business taxes and need to put controls in place to ensure that such taxes are properly paid.
Many Employers to Get FICA Tax Refund Windfall
The ruling by an appeals court is also good news for employees who are, or already have been, involuntarily terminated because of a large workforce reduction or plant closing.
The freeze in small-business financing may be starting to thaw, as bank loans pick up and equity options proliferate.
Catching Up with Health Reform
Companies that deferred compliance with the Affordable Care Act until the Supreme Court made its ruling have their work cut out for them.
Are Banks Soft-Pedaling Clawbacks?
New research suggests that the financial-services sector, though ripe with instances of negligence and other malfeasance, is not yet moving aggressively to reclaim compensation from perpetrators.
New IRS Rule on Business Aircraft Could Cost Companies Big Bucks
The presence of even one person on a company-owned plane for personal entertainment purposes could wipe out what would otherwise be a large tax deduction.
Stories of Demise of Health Coverage Are Exaggerated
Deloitte research shows that 9% of employers expect to eliminate health benefits within three years. But that result isn’t nearly as sensational as many reports on the research implied.
New Threat to Personal Use of Corporate Jets?
In light of a recent lawsuit, CFOs should take a fresh look at how personal use of company aircraft is identified and reported for proxy purposes.