Keith Boyer CPA's Blog

Topics and tips about accounting, taxes, business to personal finance and more!

ESOPs offer businesses tax and other benefits


With an employee stock ownership plan (ESOP), employee participants take part ownership of the business through a retirement savings arrangement. Meanwhile, the business and its existing owner(s) can benefit from some potential tax breaks, an extra-motivated workforce and potentially a smoother path for succession planning. 

Continue reading
418 Hits