December 2012

New Medicare Tax Goes Into Effect January 2013:

Year-End Tax Planning for Employers

The Employee Benefits and Executive Compensation team at Polsinelli Shughart have analyzed the potential implications of the new Medicare Tax to their clients' businesses and can provide direct and practical advice on your company's compensation planning.

A new Medicare tax goes into effect on January 1, and employers should review their deferred compensation arrangements to identify possibilities for tax savings by early payment of taxes in 2012. Additionally, a new Medicare surtax will be applied to all net investment income beginning in 2013. Compensation arrangements should be reviewed to minimize the affect of the new surtax charge.

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