Search

Login to LinkedIn to keep in touch with people you know, share ideas, and build your career.

The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP).

The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP).

Login to LinkedIn to keep in touch with people you know, share ideas, and build your career.

It took a little over eight months, but the IRS has issued much-anticipated proposed regulations regarding the 20 percent pass-through deduction provided under Section 199A. The 184 pages of proposed regulations provide answers to some, but not all, of the questions considered since the Tax Cuts and Jobs Act (TCJA) was signed into law on Dec. 22, 2017. Since TCJA was enacted, tax advisors have counseled clients to 'stand your ground' and refrain from any radical structure modifications in response to the new provision. Those that heeded this advice will likely be thankful they did.

Our seven new partners exemplify our firm values with their commitment to excellence, unmatched technical expertise, and superior client service.

The use of employee stock ownership plans (ESOPs) as a succession plan for trucking companies can offer a wide variety of advantages.

KSM’s Mark Flinchum and Andy Manchir with the firm’s ESOP Services Group joined the National Center for Employee Ownership (NCEO) for a webinar presentation on unique alternatives to a traditional ESOP structure. This webinar discussion covered accounting treatment and other implications of often overlooked alternatives to a traditional leveraged ESOP deal structure. Specific topics included: A review of the various options for creating a non-leveraged ESOP structure Alternative structures for C corporations including the use of preferred shares How change of control could impact the balance sheet presentation How inside loan structures can be used to meet different company objectives This webinar, “Exploring Unique Alternatives to a Traditional ESOP Structure,” was presented in partnership with the National Center for Employee Ownership (NCEO) on May 4, 2021 as part of the NCEO’s Employee Ownership Compass virtual learning series.

According to the National Center for Employee Ownership (NCEO), the United States has over 6,600 Employee Stock Ownership Plans (ESOPs) with nearly $1.4 trillion in total assets. While ESOP companies are not required to report ownership percentages, the NCEO estimates that only 30% to 40% of those ESOPs are 100% employee-owned.

For most of the country, autumn brings a welcome change from the heat of the summer. The leaves become a colorful tapestry of fall colors, warm days lead to cooler evenings, and football is on everyone’s minds. There’s a lot to love about October, but some businesses have an additional reason to celebrate: October is Employee Ownership Month.