The ESOP Association
ESOP Association Resources
Sep. 28
This is the first in a series of three articles regarding the preparation of the Section 409(p) test specific to S-Corporation ESOPs. Previously published articles have provided a general overview of how the test works and the dire consequences of failing the test, but this series will describe the mechanics and information required to perform the test.
Sep. 22
Notice to Taxpayers is Heavy on Innuendo, Light on Specifics
On August 9, the Internal Revenue Service issued a statement suggesting a greater focus in the next year on S-Corp ESOPs and tax compliance, particularly for companies with a parent holding or management company structure and certain owner finance arrangements. While very short on specifics, the IRS communication appears to be driven by aggressive marketing of ESOP plans by some, although the IRS provides no specific examples of where an ESOP has been used in the manner they suggest.
On August 9, the Internal Revenue Service issued a statement suggesting a greater focus in the next year on S-Corp ESOPs and tax compliance, particularly for companies with a parent holding or management company structure and certain owner finance arrangements. While very short on specifics, the IRS communication appears to be driven by aggressive marketing of ESOP plans by some, although the IRS provides no specific examples of where an ESOP has been used in the manner they suggest.
Sep. 18
In early August, judges convened at The ESOP Association’s headquarters in Washington, DC, to review all entries submitted for the 2023 Annual Awards for Communications Excellence, or the AACE Awards.
The competition for this year’s AACE Awards was fierce, with ESOPs submitting more exceptional entries than in 2022, making the judges’ job much harder. Entries are accepted from TEA members divided into two categories:
The competition for this year’s AACE Awards was fierce, with ESOPs submitting more exceptional entries than in 2022, making the judges’ job much harder. Entries are accepted from TEA members divided into two categories:
Sep. 08
Employee Ownership Foundation’s New ESOP Employee Accelerator Program Teaches Lifelong Business & ESOP Knowledge, Helps Employees Think and Act Like Owners
Apr. 27
Today, during a Small Business Administration Budget Hearing, Rep. Dean Phillips (MN-3) engaged Administrator Isabel Guzman of the Small Business Administration on the issue of employee ownership. Rep. Phillips is a member of the House Small Business Committee who is a former businessman with a family history of employee ownership.
Apr. 19
Senator Bernie Sanders, Independent Senator from Vermont and ESOP supporter will be addressing the National Conference on May 5, 2022.
Senator Sanders, the longest standing Independent member of Congress, has represented Vermont in the US Senate since 2007. In his 3rd term in the Senate, he is currently the Chairman of the Senate Budget Committee, and a high-ranking member of the Senate Health, Education, Labor, and Pensions Committee, among other Senate committee assignments.
Senator Sanders, the longest standing Independent member of Congress, has represented Vermont in the US Senate since 2007. In his 3rd term in the Senate, he is currently the Chairman of the Senate Budget Committee, and a high-ranking member of the Senate Health, Education, Labor, and Pensions Committee, among other Senate committee assignments.
Apr. 18
Roundtables at #TEANational2022
Don’t miss our great lineup of roundtables, only at TEA National 2022.
CEO Roundtable: Inflation & Its Impact Your Business
Moderator: Derrick Vick Thursday, May 5 at 10:00 AM
Don’t miss our great lineup of roundtables, only at TEA National 2022.
CEO Roundtable: Inflation & Its Impact Your Business
Moderator: Derrick Vick Thursday, May 5 at 10:00 AM
Apr. 17
TEA is excited to announce that Senator Mike Crapo, a lifelong Idahoan and the 13th most senior Senator in the current Congress, will be addressing the in-person and virtual attendees of TEA’s National Conference 2022. Senator Crapo is important to our community and has supported employee ownership through his numerous committees that directly impact ESOPs.
Apr. 11
Bob Woodward pulls the curtain back on Washington and its leaders to captivate audiences with stories that are sometimes surprising, at times shocking, and always fascinating.
Jun. 21
Today, Project Equity and The ESOP Association (TEA) announced a new partnership designed to amplify employee ownership as a way to preserve businesses, strengthen jobs and build a more resilient post-pandemic economy. This partnership will use new, nationwide state-by-state data to demonstrate for lawmakers the impact of ESOPs (Employee Stock Ownership Plans) and worker cooperatives, particularly in relation to the massive generational shift in business ownership facing the nation, known as the “Silver Tsunami.” Project Equity used its data analysis to create 50 state-specific infographics which will be released as part of The ESOP Association’s 47th National Conference in Washington, DC this week. TEA has scheduled more than 220 individual meetings with Members of Congress and their staff to share the data as well as other legislative and regulatory priorities for the employee ownership community.