What is an ESOP?An Employee Stock Ownership Plan (ESOP) is an employee benefit plan that enables employees to have ownership interest in the company. It is a qualified defined contribution plan that is either a stock bonus plan or a combination stock bonus and money[...]
What are 529 plans? Also known as qualified tuition programs, these plans enable prepayment of higher education costs on a tax-favored basis. Types of 529 Tuition Plans Prepaid 529 Plans These plans allow you to buy tuition credits or certificates at present tuition rates, even[...]
Does it make sense to rent out your vacation home for part of the year? How does it impact your tax deductions? The tax rules for renting vacation homes depends on how many days the home is rented and how many days you use it[...]
Key Accounting and 280E Implications for Medical Marijuana Businesses Recently, I wrote an article on accounting and 280E for medical marijuana businesses that was published in The Asset, the publication of the Missouri Society of CPAs. This is a summary of key areas to evaluate[...]