Most of us have heard of ESOPs, but may only have a vague idea of what ESOPs are. We may think that ESOPs are available to only large, sophisticated Fortune 1000 companies and require specialized professional services not available to middle market staffing companies. In actuality, companies of all sizes set up ESOPs. In the U.S. today, there are over 11,000 companies with ESOPs in a wide variety of diverse industries ranging from nationally known car rental agencies and airlines to boutique public relations firms, trucking companies and, yes, staffing companies. ESOPs provide significant tax and nontax benefits to both business owners and employees. An ESOP is a qualified, defined contribution plan that invests primarily in the stock of a company that sponsors it. From a business owner’s perspective, an ESOP also provides a dependable buyer for the company.
Managing Director and Shareholder
CBIZ & Mayer Hoffman McCann CPAs
A true client advocate, Steven helps his clients with a wide range of business needs including: advising on effective business and tax planning strategies; making meaningful introductions to enhance business and profitability; and efficiently planning, managing and supervising audit engagements and other special projects. He is an audit MHM shareholder for numerous clients where he provides "hands on" practical business advisory, consulting, auditing and accounting services to middle-market, privately-held and family-owned companies.
Steven also takes a leadership role in the overall growth of the New York office, as well as the firm nationally, by spearheading business development opportunities along with enhancing the business development skills of the firm’s staff. He has been the trainer for the firm's Tomorrow’s Rainmakers Program in the New York office since inception.
Steven shares his thought leadership expertise as a lecturer at various professional organizations and financial institutions on topics related to financial statement analysis, fraud prevention, ESOPs and the power of benchmark statistics. In addition, he frequently lectures as a guest speaker at various colleges and universities on various topics including business writing, interviewing/job seeking tips and techniques and the benefits of working in a middle-market accounting firm.
NYSA Members: No Charge
Non-Members: $59 per person
This Webinar is Presented by:
This program will be offered as a WEBINAR only.
Cancellations will be accepted via email by June 1, 2020. No Refunds after June 1, 2020. No-shows will be billed.