Our Friends at the VEOC Are Hiring

Our friends at the Vermont Employee Ownership Center are currently hiring a communications and outreach coordinator. The deadline for applying is August 9, with a prospective start date in September. This is an exciting opportunity for somebody in the Burlington area to get involved with one of the most established, successful, and forward-thinking organizations in this space, and we encourage all interested parties to apply.

At the Intersection of ESOPs and DEI

We believe the same aspects that animate the ESOP world also animate the conversation around diversity, equity, and inclusion. A healthy ownership culture is, after all, an inclusive ownership culture. For this reason, the NCEO will host a DEI workshop starting July 29.

Celebrating Employee Ownership in the UK

Our friends across the pond have just celebrated their own employee ownership day (EO Day 2021), releasing some very promising facts and figures along with it to highlight the state of employee ownership in the UK.

New Colorado Law Provides Tax Credits to Help Fund Converting to Employee Ownership

Colorado has become the first state to pass a law that helps cover some of the costs to convert to employee ownership. On June 23, Governor Polis signed into law H.B. 21-1311, a bill that makes sweeping changes to Colorado tax law, notably a provision to provide $10 million annually in tax credits over the next six years to fund the professional service costs of conversions to employee ownership.

New Survey Indicates ESOPs Made a Difference to Workers During the Pandemic

A new study conducted by John Zogby Strategies on behalf of Employee-Owned S Corporations of America (ESCA), Employee Financial Health and Sentiments Amid the Pandemic, provides evidence that employees in S corporation ESOPs suffered fewer financial setbacks compared to a sample of employees at companies without ESOPs. 

2021 Annual Conference: That's a Wrap!

Thank you to all of the sponsors, speakers, attendees, and staff who helped make our 2021 annual conference a rousing success! It not only was the largest virtual gathering in NCEO history but with 1,940 attendees was the second-largest event we’ve ever hosted, placing it just behind our last in-person annual conference in Pittsburgh, PA.

Counting Down to the 2021 Fall ESOP Forum

The NCEO is excited to announce that the 2021 Fall ESOP Forum will be back in September, this time as a hybrid event! After more than a year of virtual education, the NCEO’s 2021 Forum will take place both onsite and online.

Pro-Employee Ownership Legislation Dropped from Senate Bill

The Senate has now passed the Endless Frontier Act (S. 1260), Senators Bernie Sanders (I-VT) and Jerry Moran (R-KS) proposed an amendment that would have incorporated a version of the WORK Act (the Worker Ownership, Readiness, and Knowledge Act).

Tax Deferral for Sellers to S Corp ESOPs Included in Bipartisan Bill

On May 5, 2021, the House Ways and Means Committee unanimously passed the SECURE Act 2.0 (H.R. 2954).The bill makes a number of changes to retirement plan law but, unlike the version introduced last year, does not include a provision allowing owners of S corporation ESOPs to get the same Section 1042 tax deferral on the sale of stock to an ESOP trust as owners of C corporation ESOPs can.

Australia's Government Is Latest to Propose Promoting Employee Ownership

In the factsheet Budget 2021-2022: Tax Incentives to Support the Economy (PDF, page 10), released on May 11, the treasury of Australia announced that it would propose reforms to enhance employee ownership. The reforms, if enacted as proposed, would change the time at which taxes are due on income from tax-deferred employee share schemes (ESS), which is currently taxed at the cessation of employment.