McDermott Will & Emery Archives - CFO

Why Life Insurance Portfolios Must Be Audited

Risk Management

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.

By David McCann | May 30, 2018

CFOs Face Liability for Business Taxes

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.

By Matthew C. Boch and Arthur R. Rosen | January 5, 2015

Many Employers to Get FICA Tax Refund Windfall

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.

By Andrew Liazos | October 22, 2012

Growth Companies

Warming Signs?

The freeze in small-business financing may be starting to thaw, as bank loans pick up and equity options proliferate.

By Alix Stuart | September 1, 2012

Catching Up with Health Reform

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.

By David McCann | September 1, 2012

New IRS Rule on Business Aircraft Could Cost Companies Big Bucks

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.

By Andrew Liazos and Ruth Wimer | August 15, 2012

Stories of Demise of Health Coverage Are Exaggerated

Human Capital & Careers

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.

By David McCann | July 26, 2012

New Threat to Personal Use of Corporate Jets?

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.

By Andrew Liazos | July 17, 2012

Will Big Companies Drop Health Benefits?

Will Big Companies Drop Health Benefits?

Once the dust settles on the forthcoming state insurance exchanges, small companies may not be the only ones seeking to shed employee health plans.

By David McCann | July 12, 2012

Beware this Threat to Exec-Comp Tax Deductions

Beware this Threat to Exec-Comp Tax Deductions

An IRS compensation rule aimed at health insurers could actually apply to a wide range of companies.

By Andrew Liazos | June 14, 2012

Not Just a Tax Issue: Lawsuits Crop Up over IRS 162(m)

Not Just a Tax Issue: Lawsuits Crop Up over IRS 162(m)

Shareholders accuse companies of making false and misleading executive-compensation and tax disclosures.

By Andrew Liazos | January 12, 2012