Cassandra Labbees Featured on Communicating the Tax Implications of Employee BenefitsERIC (The ERISA Industry Committee) July 18, 2019
ERIC Member-to-Member eNewsletter featured a “Tip of the Month” authored by Cassandra Labbees, Associate in the Employee Benefits practice, in the firm’s New York office. She discusses the importance of communicating the tax implications of employee benefits.
Following is an excerpt:
Increasingly, employers are adding new and unique benefits to recruit talent and retain quality employees. However, in the excitement to share these new and innovative benefits, certain information may be left off communications distributed to employees. While some of these benefits may be tax free to an employee, employers should review any employee communications about these benefits to ensure that employees are aware of any potential tax implications if they take advantage of a benefit.