We specialize in converting most organizations' largest expenses (i.e., benefits and payroll) into income-producing assets and locking down their most talented executives. In many cases, we are successful in reducing excise tax exposure and positively impacting positive moral among top-tier talent. Once your Chief Financial Officer becomes aware of our techniques, he/she will immediately see how we are improving the financial strength of the organization's balance sheet and ensuring the long-term success.
Why Non-Profit Organization's with Executive(s) Earning in Excess of $1,000,000 Annually Should Call Us Today
As of December 22, 2017, most non-for-profit organizations who employee executives earning north of $1,000,000 annually or have excess parachute payments apart of their employment agreements could now be effected by new taxes that was included in the Tax Cuts and Jobs Act (TCJA) . TCJA adds a new Section 4960 to the IRC to impose an excise tax equal to 21 percent (the current corporate income tax rate) of the sum of (1) any remuneration paid by applicable tax-exempt organization for a taxable year with respect to employment of any covered employee in excess of $1million, plus (2) any excess parachute payments paid by such organization to any covered employee. The excise tax applies as a result of an excess parachute payment, even if the covered employee's remunerati