Nov
28
Why Hedge Funds Should Think About Paying Bonuses Before Tax Overhaul
ByHedge fund firms should consider paying out bonuses before the end of the year so employees can take advantage of current tax breaks before they potentially change, according to Nicholas Tsafos, partner at accounting firm EisnerAmper.
Tsafos, whose firm advises 1,400 hedge fund firms, is encouraging clients to consider doling out bonuses early, instead of the typical February payout, to ensure that workers benefit from existing deductions for state and local levies. The push by Congress to overhaul the tax code for 2018 could scrap or crimp those regulations that allow some residents to decrease their federal taxable income…
Why Hedge Funds Should Think About Paying Bonuses Before Tax Overhaul
