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:
“Rumble thy bellyful! Spit, fire! Spout, rain!
Nor rain, wind, thunder, fire are my daughters.
I tax you not, you elements, with unkindness;
I never gave you kingdom, called you children.”
—William Shakespeare (1564–1616)
“There are more consequences to a shipwreck than the underwriters notice.”
—Henry David Thoreau (1817–1862)
“Unfortunately, we cannot rely solely on employers seeing that it is in their self-interest to change the workplace. Since the benefits of family-friendly policies are long-term, they may not be immediately visible or quantifiable; companies tend to look for success in the bottom line. On a deeper level, we are asking those in power to change the rules by which they themselves succeeded and with which they identify.”
—Anne C. Weisberg (20th century)