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Tax Services

Compensation and Employee Benefits

Compensation Tax Advisory Services

Executive Compensation is one of the clearest ways to communicate a company’s priorities and values. We provide thoughtful, timely and fully independent executive compensation advice to help companies attract, retain and motivate top leadership.

Designing the right benefit plan for your employees is a complex task. There are many issues to consider, including tax and legal aspects, funding, and finding the right vendors or administrators.

We offer services covering all areas of executive compensation in both for-profit and not-for-profit entities. Our experienced professionals develop executive-level talent plans, leadership succession programs, and annual and long-term incentive strategies. We work with all relevant parties up to and including compensation committees and boards of directors. As a strategic advisor, we provide the resources, experience, and support to help our clients make informed decisions about executive compensation matters.

We presently offer the following compensation tax advisory services:

  • IRS Forms W-2 and 1099 Issues, and Other Payroll Reporting
  • Golden Parachute Payments Under IRC Section 280G
  • IRS Section 409A Issues Affecting Non Tax-Qualified Deferred Compensation Plans and Assistance With the Correction of Certain IRC Section 409A Failures
  • Wage Withholding Issues Affecting Employer Stock Plans
  • Preparation and Filing With the IRS of Voluntary Classification Settlement Program Filings For Misclassified Independent Contractor

 

Employee Benefit Plan Tax Services

Designing the right benefit plan for your employees is a complex task. There are many issues to consider, including tax and legal aspects, funding, and finding the right vendors or administrators. We presently offer the following employee benefit tax advisory services:

  • Design and Implementation of:
    • Tax-Qualified Profit Sharing, 401(k), and 403(b) Plans
    • Tax-Qualified Defined Benefit Plans, Including Cash Balance Plans
    • Non Tax-Qualified Deferred Compensation Plans for Select Group of Management Employees and/or Directors
    • Welfare Benefit Plans (Health, Disability, Life Insurance, Dependent Care)
  • Day-to-Day Plan Administration Matters, Including Reporting and Disclosure Requirements under ERISA and the IRC
  • Requirements of the Affordable Care Act for Group Health Plans
  • Correction of Plan Tax Qualification and Operational Failures, Including the Preparation and Filing of the following Government Forms Seeking Approval of Proposed Correction of Such Failures by Appropriate Government Agency:
    • Voluntary Correction Program (“VCP”) Filings With the IRS
    • Voluntary Fiduciary Correction Program (“VFCP”) Filings With the DOL
    • Delinquent Filer Voluntary Compliance Program (“DFVCP”) Filings With the DOL (Reporting Late Filings of Forms 5500)
  • Procedures Necessary to Terminate Various Employee Benefit Plans
  • Preparation of Forms 5500 and Summary Annual Reports for Tax-Qualified Pension Benefit Plans and Large (100 or More Participants) Employee Welfare Benefit Plans

Contact Us
Eric Cohen, CPA
 Managing Principal
301-691-3601
ecohen@ecohen.com
Doug-Trueheart-1190-1525
Doug Trueheart, CPA
 Principal
301-691-3636
dtrueheart@ecohen.com

The information provided herein is not a substitute for expert legal, tax, or other professional advice tailored to your specific circumstances, and may not be relied upon for the purposes of avoiding any penalties that may be imposed under the Internal Revenue Code or other federal or state laws or regulations.