A nonqualified deferred compensation plan is one type of benefit that both you and your employees can enjoy. Find out what a nonqualified deferred compensation plan is, why you might consider offering it, and how to set it up. What is a nonqualified deferred compensation plan? A non...
Before you file your federal taxes, your employer will send you a W-2 form. This form includes your income information for the tax year, including how much you've earned, how much your employer has withheld, and how much you received in benefits. If you
Form 1099-MISC reports payments other than nonemployee compensation made by a trade or business to others. This article answers the question, "What is the 1099-MISC form?" after the reintroduction of the 1099-NEC.
The more surplus and reserves the company holds and the better its investments and actuarial risks are managed, the stronger the company is considered to be by the rating services. Annuities are obligations of insurance companies, not banks. Annuities are therefore not covered by FDIC. There is...
A project that cannot go over budget is considered: A. time-constrained. B. schedule-constrained. C. resource-constrained. D. performance-constrained. A firm that decides to emphasize those goods with the highest contribution margin per unit may have made an incorrect decision wh...
Examines ways on how seller of a business might ensure that it rid itself entirely of deferred compensation obligations assumed by the buyer. Consent from employees to discharge the seller when the obligations are assumed by the buyer; Use of theories of delegation and novation; Transfer of ...
Accounting for deferred compensation involves recording employees' pay at the end of an accounting time period as an adjustment to...
Compensation is usually paid out when the employee retires, although there can be provisions for earlier payouts in case of certain events like a change in ownership of the company or a strictly-defined emergency. Depending on the terms of the contract, deferred compensation might be canceled by...
A 2006 vote by theSecurities and Exchange Commission (SEC)in favor of expanded disclosure of executive compensation for consultants, directors, and employees was considered a necessary step, but only a starting point. In some cases of camouflage compensation, the compensation is fully disclosed. But...
d You Be Doing Now? Nonqualified Deferred Compensation Plans - What Should You Be Doing Now?Nonqualified Deferred Compensation Plans - What Should You Be Doing Now?C. Baird Brown