Welcome to your September Issue of the ESOP Report. This month we've packed the report with tons of articles and news about ESOPs that you won't want to miss!
Inside this Issue:
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.
2203
Sep. 25
INSIDE THIS ISSUE
LETTER FROM THE PRESIDENT
UPCOMING EVENTS
FALL CONFERENCE
ANNOUNCEMENTS
TRIBUTE TO CINDY
ESOPATHON
CHAPTER OFFICERS
MYSTERY BAGS
OFFICER SPOTLIGHT
STATE CAPTAINS
COMPANY MENTORSHIP
CHAPTER SPONSORS
Read the full issue here >>
LETTER FROM THE PRESIDENT
UPCOMING EVENTS
FALL CONFERENCE
ANNOUNCEMENTS
TRIBUTE TO CINDY
ESOPATHON
CHAPTER OFFICERS
MYSTERY BAGS
OFFICER SPOTLIGHT
STATE CAPTAINS
COMPANY MENTORSHIP
CHAPTER SPONSORS
Read the full issue here >>
2200
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.
2199
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:
2193
Sep. 08
Employee Ownership Foundation’s New ESOP Employee Accelerator Program Teaches Lifelong Business & ESOP Knowledge, Helps Employees Think and Act Like Owners
2191
Nov. 24
Check out all the great information in the November issue of the ESOP Report, available exclusively to members of The ESOP Association!
1496
Nov. 12
ESOP Association, Employee Ownership Foundation Announce Record-Breaking Fundraising Month During First Annual ESOPATHON
New Tradition Begins as October’s ESOPATHON Initiative Raises Critical Resources to Further the Cause of Employee Ownership
New Tradition Begins as October’s ESOPATHON Initiative Raises Critical Resources to Further the Cause of Employee Ownership
1494
Nov. 11
The ESOP Association Announces AACE Awards Winners
Annual Awards Honor Excellence in Communications Across the ESOP Community
November 11, 2021, Las Vegas, Nevada – The ESOP Association today announced the winners of the Annual Awards for Communications Excellence (AACE) at a special event held during the Employee Owned 2021 conference at Caesars Palace in Las Vegas, Nevada.
Annual Awards Honor Excellence in Communications Across the ESOP Community
November 11, 2021, Las Vegas, Nevada – The ESOP Association today announced the winners of the Annual Awards for Communications Excellence (AACE) at a special event held during the Employee Owned 2021 conference at Caesars Palace in Las Vegas, Nevada.
1493