Episode 70: Employee Stock Ownership Plans (ESOP)
Accounting and Accountability
English - June 30, 2023 13:47 - 31 minutes - 29.1 MB - ★★★★★ - 9 ratingsBusiness News News Business Management whitecollarcrime businessnews crimedrama irsupdates taxdeductions Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Episode 69: Top Reasons to Avoid Paper Filing
Next Episode: Episode 71: Major Changes for Form 1099 and W-2 Filing
In this episode:
Withholding taxes from your IRA to cover estimated tax payments. Usings Section 179 instead of Bonus Depreciation. Retirement planning strategies for business owners. Employee Stock Ownership Plans (ESOP) - What they are and when they're a good fit.We also speak with Christopher Baker, P.E., President and CEO of George & Lynch, Delmarva's top infrastructure contractor. He speaks about the history of George & Lynch and what it takes to reach a business's 100-year anniversary. He also talks about creating ESOP plans to give employees a greater sense of ownership of the company, how supply chain interruptions impact a business, and what George & Lynch has planned for the future.