The ESOP Association

ESOP Association Resources

Aug. 28
Welcome to your August 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!

 
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Aug. 23
Inside this issue


Recap of TEA National Conference 2024 - Advocacy Day
Palmer-Donavin - Chapter Company of the Year
Cinnamon King- Chapter Employee- Owner of the Year
Meet Your OH/KY Chapter Officers
New Member Spotlight
Thank Our Sponsors


Read the full issue >>
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Aug. 02
The Senate Committee on Appropriations has passed several provisions that support employee ownership and ESOPs in the Fiscal 2025 Financial Services and General Government Appropriations bill. All three provisions were included in the Small Business Administration (SBA) portion of the Appropriations Committee report accompanying the bill text, which provides instruction and direction from Congress to Federal agencies about their budget, goals, and initiatives. The full Committee approved the funding package in a unanimous 27-0 vote. 
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Aug. 01
The Senate Committee on Appropriations has directed $2 million to fund the grant program of the Department of Labor’s Employee Ownership Initiative in the Fiscal 2025 Labor, Health and Human Services, Education, and Related Agencies Appropriations bill. The full Committee approved the funding package on a strongly bipartisan 25-3 vote.
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Sep. 29
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:
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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.
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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 >>
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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.
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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:
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Sep. 08
Employee Ownership Foundation’s New ESOP Employee Accelerator Program Teaches Lifelong Business & ESOP Knowledge, Helps Employees Think and Act Like Owners
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