Compensation and benefits services
The compensation and benefits puzzle brings significant costs to every company – costs which have risen dramatically in recent years. Grant Thornton can help you understand the complex accounting and tax rules that apply to your compensation and benefit plans, as well as maximize your business effectiveness, cost efficiency and regulatory compliance. Read an overview of our services.
IRS issues guidance on reporting cost of group health coverage on Form W-2
The IRS has provided guidance (Notice 2012-9) on new rules that require employers to report to employees on Form W-2 the cost of their group health insurance coverage. Employers must begin the reporting on Forms W-2 issued for calendar year 2012. The IRS previously provided guidance on this issue in Notice 2011-28, but the new notice, Notice 2012-9, completely replaces Notice 2011-28. Read our Hot Topics for a summary.
Rise in fringe benefits threatens more employers with 401(k) operational failures
The increasing use of employer-provided fringe benefits -- such as car allowances, gift cards and employee awards -- has made it harder for employers to calculate total employee compensation. It has also increased the threat of compensation-related operational failures for employer-sponsored qualified retirement plans. Find out more in the article by Tonya Bass in Compensation and Benefits Bulletin.
The rising risk in executive compensation
Incentive programs are the tools most often used to align rewards and organizational success. But if they aren't carefully designed and monitored, these reward vehicles can have unintended consequences that generate significant risk for organizations. Read more in the article by Ken Cameron in Compensation & Benefits Bulletin.
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This website supports Grant Thornton LLP’s marketing of professional services, and is not written tax advice directed at the particular facts and circumstances of any person. If you are interested in the subject of this document we encourage you to contact us or an independent tax advisor to discuss the potential application to your particular situation. Nothing herein shall be construed as imposing a limitation on any person from disclosing the tax treatment or tax structure of any matter addressed herein. To the extent this document may be considered to contain written tax advice, any written advice contained in, forwarded with, or attached to this document is not intended by Grant Thornton to be used, and cannot be used, by any person for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.
Compensation survey focuses on senior financial execs
The results compare salaries, bonuses, long-term incentives and retirement benefits of more than 700 respondents.
IRS releases interim report on 401(k) compliance survey
The IRS Tax Exempt and Government Entities Division has released an interim report with the results from a Section 401(k) compliance check questionnaire. The results provide interesting new insights.
White paper: Intermediate sanctions guide
Our guide explains the rules for intermediate sanctions—a personal excise tax paid by "disqualified persons" who provide services to certain organizations and received unreasonable compensation.
