Tax Consequences For Employers
The employer cannot claim a deduction until the benefits are taxable to the employee.
Read more about this topic: Nonqualified Deferred Compensation
Famous quotes containing the words tax, consequences and/or employers:
“I come into the peace of wild things
who do not tax their lives with forethought
of grief.”
—Wendell Berry (b. 1934)
“If you are prepared to accept the consequences of your dreams ... then you must still regard America today with the same naive enthusiasm as the generations that discovered the New World.”
—Jean Baudrillard (b. 1929)
“As for my own business, even that kind of surveying which I could do with most satisfaction my employers do not want. They would prefer that I should do my work coarsely and not too well, ay, not well enough. When I observe that there are different ways of surveying, my employer commonly asks which will give him the most land, not which is most correct.”
—Henry David Thoreau (1817–1862)