A variety of tax-favored vehicles exist for employers and their employees to donate cash or even accrued leave to assist those impacted by Hurricane Harvey’s devastation. Our Hurricane Harvey Client Alert addresses four types of employer-sponsored relief programs that allow employers to provide assistance on a tax-advantaged basis.
Following recent changes to Securities and Exchange Commission (SEC) and NASDAQ Stock Market rules, most standard broker-dealer securities transactions will have to be settled within two business days after the trade date, effective September 5, 2017. A settlement cycle extending the trade date plus two business days is commonly referred to as a “T+2” settlement. Prior to the rule change, investors generally had three business days after the trade date to settle securities transactions, known as a “T+3” settlement cycle.
Join Morgan Lewis in June for these upcoming programs on a variety of employee benefits and executive compensation topics
Join Morgan Lewis in May for these upcoming programs on a variety of employee benefits and executive compensation topics
Join Morgan Lewis in April for these upcoming programs on a variety of employee benefits and executive compensation topics
Join Morgan Lewis in March for these upcoming programs on a variety of employee benefits and executive compensation topics
Companies granting employee share scheme (ESS) rights (such as options and restricted stock units) to employees in Australia are required to report all taxable events that occur in relation to their employees’ ESS interests during the tax year (July 1 to June 30).
In late December of last year, US President Barack Obama signed the Protecting Americans from Tax Hikes (PATH) Act of 2015, which, among other things, retroactively increases the maximum monthly exclusion from income and wages for employer-provided mass transit expenses in 2015 to the same level as the exclusion for qualified parking expenses.
Earlier this year, the Internal Revenue Service proposed regulations that address when an allocation of income by a partnership to a partner in exchange for services is really a disguised fee that should be taxable to the service provider, not as a partnership allocation, but as ordinary compensatory income.
Companies have increasingly used independent contractors for valid economic, business, and legal reasons to supplement their employee workforce.