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.
Small business owners in many communities offer downtown trick or treat events. Take advantage of this opportunity to build your business reputation. Involvement in local events goes a long way with both existing and prospective customers—indicating a vested interest in your community. Find creative ways to make your business stand out this trick-or-treat season. We hope the following suggestions will spark fun promotional ideas:
October marks Women’s Small Business Month, and we are happy and proud to recognize women in business both locally and around the world. Successful business women of the past and present continue to forge new paths for female entrepreneurs. We celebrate all those who are breaking the glass ceiling and serving as role models and mentors to women everywhere.
For many business owners, September tends to bring a bit of a slowdown. The chaos of getting kids prepared for going back to school has passed, and a focus on saving money tends to kick in as people prepare for the coming holiday spend. Combined, this can often translate into a lull for business owners.