Employers have their hands full after the passage of tax reform, according to Wolters Kluwer white paper, "Tax Cuts and Jobs Act Will Present Retirement, Benefits, Executive Compensation and Payroll Professionals with New Challenges in 2018."
"While the primary focus of the act is on the personal and corporate income tax rates, and the law does not uproot pension and benefits arrangements as radically as past legislation, the new rules will present employers, employees, and tax and benefits professionals with potentially difficult decisions in the areas of retirement planning, employee benefits management, executive compensation, and payroll administration," write the authors, John W. Strzelecki, Glenn Sulzer and Tulay Turan.
The report details some of the changes demanding immediate attention, and provides advice on how employers should best proceed:
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
