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Self-Study CPE
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THE MATHEMATICS OF SECURE: WHERE THE TAX LAW AND ECONOMICS COLLIDE
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PUERTO RICO TAX INCENTIVES: HOW TO GET YOUR CLIENTS TO THE 4% TAX BRACKET
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UPDATES FROM IRS CHIEF COUNSEL AND INDEPENDENT OFFICE OF APPEALS
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UPDATES FROM HEAD OF IRS COLLECTION AND THE TAXPAYER ADVOCATE
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BEST IRA IDEAS IN 2020
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UNDERSTANDING PARTNERSHIP TAXATION: TYPES OF BASIS & CONTRIBUTIONS
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DOMESTIC TAX ISSUES FOR IMMIGRANTS & ALIENS
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PENALTY STANDARDS FOR THE TAXPAYER AND THE PREPARER
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2021 ANNUAL FEDERAL TAX SEASON UPDATE
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THE SECTION §199A PASS-THROUGH DEDUCTION
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TAX CUTS & JOBS ACT: INDIVIDUAL TAX PREPARATION
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IMPACT OF COVID-19 AND THE TAX CUTS AND JOBS ACT ON LIFE INSURANCE PLANNING
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INTERNATIONAL TAX: CONCEPTS IN A GLOBAL SOCIETY
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MANAGING COMPLEX IRS AUDITS OF MIDSIZE BUSINESS TAXPAYERS - EXPANDED
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INTRODUCTION TO PROCONNECT TAX ONLINE: LIVE DEMO
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S CORPS: EVERYTHING YOU NEED TO KNOW
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ESOP OVERVIEW FOR OWNERS, CFOs & CPAs
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UNDERSTANDING PARTNERSHIP TAXATION: DISTRIBUTIONS
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Self study cpe
ESOP Overview for Owners, CFOs & CPAs

ESOP OVERVIEW FOR OWNERS, CFOs & CPAs

CPE Processing FeeFREE
Webinar TranscriptionN/A
Presentation Length Hour(s)2.0 hours
CPE Credits 2.0 hours
Subject Area 2.0 - Taxes
CE Credits 0.0 hours
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateMay 04, 2021
Date OfferedMay 04, 2021
Course Description

This 2-hour self-study course provides a broad overview of Employee Stock Ownership Plans or "ESOPs."

Topics include: using ESOPs as a business succession tool, how ESOPs are structured and financed, typical scenarios where they are used, the tax differences and benefits between S corporation and C corporation ESOP owned companies, who runs and controls an ESOP owned business, how ESOP shares are valued compared to other sale options, and how employees benefit personally and become more productive.

Learning Objectives:


  • Identify when ESOPs may be useful

  • Identify basic facts about ESOPs and the benefits they provide owners & employees

  • Recognize the differences between C corporation strategies and S corporation strategies

  • Define how ESOPs valuations are derived

  • List the pros and cons of seller financing versus bank financing

  • Identify basic features of an Employee Stock Ownership Plan (ESOP) including how to establish the ESOP, options for funding the ESOP, tax considerations, reporting requirements, and how ESOPs work for different corporate structures

  • Identify the benefits of ESOPs for owners and employees

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Not logged
Handout Materials
Presentation Slides
Review Questions
Review Questions
QUESTION 1: 0:10:00 minutes
QUESTION 2: 0:30:00 minutes
QUESTION 3: 0:40:00 minutes
QUESTION 4: 0:57:00 minutes
QUESTION 5: 1:10:00 minutes
QUESTION 6: 1:55:00 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Phillip DeDominicis

Menke and Associates, Inc
Managing Director - Investment Banking
pdedominicis@menke.com
410-885-2531

Menkeco

Before joining Menke & Associates 15 years ago, Mr. DeDominicis spent three years as Director of Investment Banking for the Mergers & Acquisitions Group of Citigroup in New York, focusing on changing the control advisory assignments to middle-market companies. Prior to that, Mr. DeDominicis spent ten years as Director of Investment Banking for the Mergers, Acquisitions & Private Finance Group of Morgan Stanley. Mr. DeDominicis received his degree in Chemical Engineering from the University of Delaware in 1985 and his MBA degree in Finance and Accounting from the Anderson Graduate School of Management at UCLA in 1989.

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About Our Presenter

Menkeco
Menke & Associates is a nationally recognized firm that specializes in the design and installation of employee stock ownership plans (“ESOPs”). Since 1974 Menke & Associates has provided comprehensive ESOP services including feasibility and design, financial consulting, legal services, employee communication, and plan administration/ record keeping services. Menke & Associates has installed over 3,000 ESOPs.