NCEO Webinar: Economic Development Incentive Opportunities for ESOP Companies
Many ESOP companies in the United States are organized as 100% owned S corporations and therefore do not have federal or state income tax obligations. However, even 100% S corp ESOPs have other tax obligations that can be reduced or possibly eliminated thanks to economic development incentives.
In KSM’s recent webinar, held in partnership with the National Center for Employee Ownership (NCEO), Mark Mitchell and Andy Manchir discuss the following:
- Different types of economic development incentives available to companies throughout the country
- Growth and expansion criteria used by state and local authorities to decide on economic development incentive offers
- Next steps ESOP companies can take to both qualify for economic development incentives and successfully comply with those specific incentive program reporting requirements
Accounting Basics for
Your ESOP's First Year
Learn how to navigate your ESOP’s first year – from first-year contributions and journal entries to your annual valuation.