Episode 42

Published on:

31st Jan 2024

Analyzing the Tax Benefits of an ESOP

Many business owners are always looking to motivate their employees, generate better results and save themselves some taxes. On a prior episode, we discussed a retirement plan and succession tool called an employee stock ownership plan, or ESOP.

In today's discussion, we're diving deep into the tax considerations for business owners when utilizing an ESOP, and what you should be thinking about before initiating a program like this.


0:00 - Introduction and overview on the topic of the day

1:50 - How an ESOP works and who it works best for

3:52 - Why an ESOP would be beneficial for a business from a tax perspective

6:47 - How an ESOP can benefit the business owner from a tax perspective

8:52 - A story covering a client that leveraged an ESOP for his business

12:58 - How to get in touch with Homer and his team

16:15 - Closing remarks

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About the Podcast

Advance Your Wealth With Homer Smith
Financial advice to generate the results you expect and desire
Advance Your Wealth With Homer Smith provides you and your business with the financial advice needed to make calculated decisions moving forward. With over 18 years of industry experience, Homer Smith, Private Wealth Advisor with Konvergent Wealth Partners, understands the importance of a commitment to customer service and strives to help clients pursue their financial goals towards aspirations and retirement.

Each episode we'll take a deep dive into a different complex topic surrounding personal and business wealth management. So sit back, relax, and enjoy enlightening conversations that highlight an array of financial questions and topics.

Investment advice offered through Integrated Financial Partners, doing business as konvergent wealth partners, a registered investment advisor.