As 2018 draws to a close, the trustees, directors, and senior management of tax-exempt organizations should review the compensation structure of some of its executives in light of the Tax Cuts and Jobs Act (TCJA), which was enacted earlier this year. Under the applicable provisions of the TCJA, certain compensation arrangements could result in the imposition of excise taxes and penalties on the organization, beginning in 2018. In light of these changes in the federal tax law, tax-exempt organizations will also want to carefully structure their compensation arrangements for 2019 and beyond. READ MORE
AICPA Comments on Treasury and IRS Guidance Regarding Executive Compensation
The American Institute of CPAs (AICPA) has written the U.S. Department of the Treasury and the Internal Revenue Service (IRS) with recommendations about the guidance in Notice 2018-68, which was issued to comply with the changes made by the Tax Cuts and Jobs Act (TCJA) relating to executive compensation under section 162(m) of the Internal Revenue Code. READ MORE
US employers feeling pressure to raise wages
At CNH Industrial NV’s factory in Racine, Wisconsin, workers are building bright red Case IH tractors the company’s known for, and they’ll sell for hundreds of thousands of dollars. But there’s something even more valuable on the assembly line: the employees. READ MORE
Arkansas and Missouri just approved big minimum wage increases
Voters in both Missouri and Arkansas backed hiking their state’s minimum wage through measures on Tuesday's midterm election ballots, becoming the ninth and 10th states to raise their minimum wages via ballot initiative in the last three election cycles. READ MORE
Employers pay overweight workers less, new study reveals
Wage Gains of 3% Taking Hold as US Employers 'Need to Pay Up'
While employers hope to retain and attract workers with better benefits such as extra vacation days, money may be talking louder now. READ MORE
The Shocking First-Year Compensation Of Harvard MBAs
This year’s graduating class of Harvard MBAs pulled down a record $160,268 in total first-year compensation. That starting sum, adjusted for the percentage of MBA graduates reporting sign-on bonuses and other guaranteed first-year compensation, represents a 3.6% improvement on the year-earlier total of $154,750. READ MORE
GE grants departing CEO severance. Here's what he will get
General Electric will pay former CEO John Flannery a $4.25 million cash severance over the next year, according to a securities filing. READ MORE
You can make $86,000 a year at this entry-level job
Your first job out of college could pay more than $86,000 a year depending on the field you're in. That's according to career website Glassdoor, which collected median local pay data from across the U.S. to determine which jobs offer the highest starting salaries to new grads. READ MORE
An economic mystery: Despite the hot economy, wages are barely growing, adjusting for inflation
You may have heard that wages are finally starting to go up — and they are. The latest number from the Bureau of Labor Statistics shows growth of more than 3 percent, the highest in almost a decade. READ MORE
Two Trump states are on the verge of raising their minimum wages
Voters in Arkansas and Missouri will decide Tuesday whether to significantly raise the minimum wage in their state. The two states, both of which went heavily for President Trump in 2016, offer a test case of whether there is appetite in solidly red states for a minimum wage above $10. READ MORE
Why we fail at grading our workers
The current system is broken: not only does it take up too much time and effort, it also is hobbled by bias. The time is now to fix this legacy system of the 1980s. READ MORE
A tale of two minimum wages
CNN's Jon Sarlin takes a look into the widening gulf between the 39% of the U.S. that has a $7.25 minimum wage, and the 61% with a higher one. VIEW VIDEO
Wages are up again – do workers really want to elect Democratic tax-hikers?
Election Day is just around the corner. Republicans are now expected to hold the U.S. Senate. Most forecasters still expect Democrats to take over the House, but it might be close. Democrats need to net 24 seats; they are expected to gain between 20 and 40. READ MORE
2019 Cost of Living Adjustments for Retirement Plans
The Internal Revenue Service recently announced its cost-of-living adjustments applicable to dollar limitations for retirement plans and Social Security generally effective for Tax Year 2019 (see IRS Notice 2018-63). Most notably, the limitation on annual salary deferrals into a 401(k) plan will increase from $18,500 to $19,000. The dollar limits are as follows: READ MORE
Why Aren't Wages Keeping Up? It's Not The Economy, It's Management
In the decade since the 2008 recession we’ve had an enormous runup in the stock market, accelerating growth in GDP, and a steady increase in job growth. Yet despite these positive economic trends, wages are not keeping up. READ MORE
No Minimum Wage Increases Anywhere, Says Trump Advisor - Corporate Tax Cuts Are Enough
Former financial analyst and television commentator Larry Kudlow, now director of Donald Trump's National Economic Council, just made it clear. No federal minimum wage increases. Period. READ MORE
Workers are finally seeing higher wages, but it’s a fraction of record corporate profits
The big news Friday is that wages are growing above 3 percent for the first time since 2009. It’s a significant milestone after years of sluggish wage growth, and most economists say workers will probably see strong gains for the foreseeable future. READ MORE
Rite Aid shareholders reject executive compensation bonuses
Partial transitional compensation still awarded for partial termination of the employment contract
Recently, the Supreme Court expanded employees’ entitlement to transitional compensation, by also awarding partial compensation when the employer reduces the employee’s working hours. READ MORE