Does your company offer, or are you thinking about offering, an Employee Stock Purchase Plan, also known as an ESPP? If so, you should be aware of the tax implications of ESPPs for both your business and your employees. The Fujikawa & Associate team has extensive experience in helping business owners structure and manage Employee Stock Purchase Plans in compliance with all tax and financial regulations.
Working with our firm, you’ll be able to easily implement and offer an ESPP, an attractive benefit option which can support your talent retention efforts. Plus, with our financial experts handling all of the payroll withholding and tax reporting associated with your ESPP, you won’t have to spend time on administrative functions associated with the plan.
Once you decide to offer an ESPP, you will need to decide whether to offer a qualified or non-qualified plan. Our trusted advisors can help you make the right choice based on the needs of your business and current IRS guidelines. For example, a qualified ESPP (the most common type of plan) must meet requirements such as the following:
In contrast, non-qualified ESPPs have fewer limitations, but also do not offer tax benefits to employees.
An ESPP is a valuable benefit that can help your business remain competitive when it comes to attracting and retaining talented workers, while affording you employer tax advantages. Let our team help you start or expand your ESPP program—contact us today.
Next Generation Accounting Firms provide clients with the highest level of client service and professional support. At Fujikawa & Associate, CPA we go beyond the numbers to partner with clients—working year round to ensure you stay on a healthy financial path. We also offer an ...
BOSS is the answer to your back office headaches. Our cloud-based solution enables you to hand complex accounting tasks over to us. We work the numbers while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.
From the home user to the largest corporation, ransomware is now an issue for anyone who uses the internet. And now, with remote work and online learning so prevalent, it’s all too easy to become a victim of a ransomware attack.
Work equals stress for most U.S. workers. According to the American Institute of Stress, 80 percent of workers feel stress on the job, and 25 percent of workers view their jobs as the number one stressor in their lives.
Summer’s here, and the world is opening up again. However, not everyone feels comfortable traveling just yet. And that’s fine—there’s lots of fun to be found in every area. Here are some ideas to help you and your family have an enjoyable summer close to home.