Succession planning is a critical aspect of managing small, closely held businesses, as the unexpected departure of a key leader can significantly disrupt operations and challenge the business's legal...
Entering into a letter of intent for an office lease agreement? Consult our playbook for valuable key provisions, alternative language provisions, and guidance for both landlords and tenants. Download...
In the complex world of M&A transactions, transition services agreements (TSAs) serve as critical bridges between deal closing and operational independence thus creating stability during organizational...
This practice note covers key legal and regulatory issues to evaluate, questions to ask, and documents to review in medical device or diagnostic technology deals, including M&A, investments, financings...
Raising cash for the Fed, SECURE 2.0 offers two opportunities for plan contributions to be immediately taxed and characterized as designated Roth contributions to the plan. First, effective for tax years beginning after 2023, all employee catch-up contributions to 401(k) plans (and 403(b) and governmental 457(b) plans) for eligible employees whose wages for the preceding calendar year exceed $145,000 (indexed) must be made on a Roth basis. That leads to more taxable compensation for affected employees. Next, with the opportunity beginning now, SECURE 2.0 permits retirement plans to offer eligible employees the opportunity of characterizing fully-vested employer matching and nonelective contributions as designated Roth contributions—much like the existing in-plan Roth rollover opportunity. Pub. L. No. 116-94, Div. T, §§ 603, 604. More taxable compensation and more tax dollars.
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