Employeebenefitsblog.com Website Review

institutional shareholder services inc. and glas*, lewis & co., llc both recently issued their annual proxy voting guideline updates. as revised, these guidelines have important implications for companies preparing for the 2019 proxy season. andrew liazos presented on 162(m) deduction limitations and transition rules at nyu’s 77th institute on federal taxation. amongst other topics, he discussed key changes for employers under the 2017 tax cuts and jobs act, the guidance provided under notice 2018-68 and the potential impact of such changes on incentive compensation practices.. free parking only exists in monopoly: new irs guidance makes employer-provided parking more costly and burdensome than you think. as part of its comprehensive 2017 tax reform bill, congress repealed deductions for qualified transportation fringes including for employer-provided parking, while also requiring that tax-exempt organizations increase their unrelated business taxable income by the nondeductible parking expenses. recently released irs notice 2018-99 addresses some of the year-end tax filing and tax planning concerns for affected employers with rules of special interest to tax-exempt employers.. irs provides 403(b) plan relief for improper exclusion of part-time employees. the irs recently released notice 2018-95 to provide transition relief to 403(b) plan sponsors that improperly excluded part-time employees from making elective deferrals under their plans. employers must begin to operate the part-time employee exclusion under their 403(b) plans correctly for the plan year immediately following the transition relief period, which will mean as soon as january 1, 2019 for many 403(b) plan sponsors. in addition, going forward, many employers will need to amend their 403(b) plans to properly reflect the conditions that must be satisfied to exclude part-time employees from 403(b) plan participation. late in the afternoon on friday, december 14, federal us district judge reed o’connor struck down the affordable care act (aca) in its