Implementing and managing defined benefit plans can be complex, requiring professional guidance and expertise. However, when planned and executed correctly DBPs can provide significant tax savings and retirement benefits. Financial advisors, actuaries, and tax consultants can provide the necessary knowledge and support to navigate the intricacies of these plans, ensuring compliance and maximizing the tax-savings potential for S Corporations. Please consult with your advisory team especially your financial advisor to determine the viability of a DBP for your business.
Archives for May 2023
Financing the Exercise of Stock Options & Tax Implications
Stock options are a popular form of compensation for employees, especially those working for start-ups, high-growth companies, and tech companies. When an employee is granted stock options, they are given the right to purchase a specific number of shares at a set price on future dates based on a vesting schedule. Before considering how to […]