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Compensation and Benefits

 

Investing in your most important asset.

Overview

The ability to attract, retain, and reward a superior workforce is fundamental to every organization’s long-term growth. As your most important asset, people – along with the benefits they want and need – must be viewed in the context of overall organizational goals. A competitive compensation and benefits structure often is a significant factor in whether an organization achieves its goals, especially in industries which rely heavily on skilled labor. Understanding the mechanisms that work to attract, retain, and reward a superior workforce and navigating the associated tax, accounting, and regulatory challenges is TaxBud’s specialty.

TaxBud provides perspective, insight, and detailed guidance on all aspects of performance and compensation design, from developing an initial compensation philosophy to implementing numerous planning vehicles, such as qualified and nonqualified plans, short-term and long-term incentives, and equity compensation.

The Compensation and Benefits team at TaxBud works with tax, finance, human resources, management, and the Board to design and implement plans that are cost-effective and fully compliant with all applicable rules and regulations. Our services are tailored and scalable, designed to fit the unique needs of companies of all sizes and across all industries.

Our services are categorized into four primary areas:

  • Qualified Plan Consulting and Compliance

  • Compensation Consulting

  • Executive Tax Consulting

  • ESOP Advisory Services

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    Qualified Plan Consulting and Compliance

    A higher level of planning.

    TaxBud’s Qualified Plan Consulting and Compliance team members are dedicated to providing the highest quality services. Our experienced professionals will collaborate directly with your team to design and operate compensation and benefit programs that support your organizational goals. Our services include:

  • Comprehensive plan design for qualified retirement plans, defined benefit and defined contribution plans, including ESOPs

  • Assistance with plan corrections under IRS and DOL programs, including statutory audits

  • Outsourced benefit consulting services

  • Preparation of government compliance reporting, including Form 5500, Form 8955-SSA, Form 5330 etc.

  • Health and Welfare benefit plan compliance and consulting

  • Annual non-discrimination testing

  • We work with your internal team in tax, finance, and human resources as well our your extended team that might include attorneys, trustees, independent auditors or third party administrator to ensure each plan fits your organization’s needs, provides value to your employees and organization, and fully complies with the applicable rules and regulations.

     

    Compensation Consulting

    Deep experience with a collaborative approach.

    We’re dedicated to delivering value-added, personalized attention to each and every client we work with. Offering strategic compensation consulting services, our experienced professionals help our clients design and benchmark their total compensation programs, including:

  • Design and benchmark total compensation programs for executives, sales forces, directors, and management of for-profit and tax-exempt entities.

  • Develop and design of annual and long-term incentive strategy and plans at the corporate and subsidiary levels.

  • Board of Director briefings and support on the executive compensation regulatory environment and governance trends.

  • Preparation of CD&As and other executive compensation disclosures in proxies and 10-Ks.

  • Assist Board of Directors in enhancing the Compensation Committee and addressing other board development issues

  • Develop executive level talent plans and leadership succession programs

  • Proprietary Board and CEO compensation surveys

  • Executive level performance management program development and implementation

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    Executive Tax Consulting

    More than mere guidance.

    TaxBud’s dedicated Compensation and Benefits team combines a collaborative approach, extensive experience, and the resources of one of the world’s leading accounting and consulting networks. Working directly with both taxable and tax-exempt entities, we offer services covering all areas of executive compensation, including:

  • Qualified and nonqualified deferred compensation plan design analysis and taxation

  • Equity-based compensation plans (both US and International) taxation & accounting

  • Golden Parachute (280G) planning and compliance

  • 162(m) analysis and compliance

  • Fringe Benefits

  • Partnership compensation planning

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    ESOP Advisory Services

    The unique understanding our clients need.

    Employee Stock Ownership Plans (ESOPs) are a unique tool for business owners who are looking to sell some or all of their business, while maintaining a legacy for valued employees. TaxBud offers full-service transaction advisory services for business owners who want to adopt this model. Our services include:

  • Feasibility and tax analyses

  • Financing for leveraged ESOPs

  • Benefit plan design and analyses

  • Merger/acquisition comparative analyses

  • Income tax and accounting for ESOPs