ESOP Article Overdue


I am a CFO associated with a 100% employee-owned company. I found Scott Miller’s article (“The ESOP Exit Strategy,” March 10, page 32) very timely and long overdue.


It is my opinion that the ESOP tool is one of the best—if not the best—available tools for owners of companies to transfer ownership to people who helped enhance the owners’ wealth.


It is unfortunate that many who work closely with owners in the financial services area do not know about the ESOP tool or do not understand ESOPs.


Norm Kocol, CPA

Johnsburg, Ill.

More from the JofA:


 Find us on Facebook      Follow us on Twitter



Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.