Tag: employment taxes


It’s critical to be aware of the tax rules surrounding your NQDC plan

Nonqualified deferred compensation (NQDC) plans pay executives at some time in the future for services to be currently performed. They differ from qualified plans, such as 401(k)s, in that:

NQDC plans can favor certain highly compensated employees,
Although the executive’s tax liability … Read More »

November 1st

Tax Department, Tax Planning. Comments Off on It’s critical to be aware of the tax rules surrounding your NQDC plan


What the self-employed need to know about employment taxes

In addition to income tax, you must pay Social Security and Medicare taxes on earned income, such as salary and self-employment income. The 12.4% Social Security tax applies only up to the Social Security wage base of $118,500 for 2016. … Read More »

October 18th

Tax Department, Tax Planning. Comments Off on What the self-employed need to know about employment taxes

HOBERMAN & LESSER, LLP