Testing for qualified retirement plans, e.g., ESOPs, pertaining to IRC Section 415 which limits the annual additions allocated to a participant’s account in all defined contribution plans to the lesser of 100% of the participant’s compensation or the statutory limit in effect for the calendar year in which the Plan year ends.

Annual testing for an ESOP that the amount of employer contributions to direct contribution plans that can be deducted each year, according to IRC Section 404(a)(3), is 25% of the compensation of the plan participants.

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Coronavirus disease (COVID-19) is an infectious disease caused by the SARS-CoV-2 virus.

Also known as the "death tax," a tax that's levied on a dead person's inherited assets. Ranges from rates of 18% to 40% and generally only applies to assets over $13.61 million in 2024. Thirteen states levy an estate tax. Thresholds can vary from state to state.

The mandatory transfer of employer securities into or out of plan accounts, not designed to result in an equal proportion of employer securities in each account

Non-extractive finance flips the power relationship of lender and lendee, making sure that a borrower will never be worse off after working with a lender than before working with them.

Inventory management is the entire process of managing inventories from raw materials to finished products. It efficiently streamlines inventories to avoid shortages and gluts.

An F reorganization is defined in Internal Revenue Code Section 368(a)(1)(F) as a mere change of identity, form or place of organization of one corporation. In particular, this involves a tax-free reorganization of the target company (seller), which is typically an S corporation.

A credit union is a member-owned financial co-operative. Unlike in a traditional bank, where the owners are those who buy stock, not necessarily those who have accounts, credit unions are created and operated by account holders, who are the members-owners, and profits are shared amongst the owners.

Combining emotional intelligence with getting things done.

a business that: (1) Is organized for profit (2) Has a place of business in the US (3) Operates primarily within the U.S. or makes a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor (4) Is independently owned and operated and is not dominant in its field on a national basis

In the red means your business is in debt and losing money.

The ability of a company to draw and interest potential employees to join their organization.

In the black means your business is turning a profit and not in debt.

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The final (large) payment that repays all the remaining principal and interest of a partially amortized or unamortized loan.

A forecast of future revenues and expenses for a business, organization, or country. A financial projection will typically take into account both internal information such as historical income and cost data, and estimates of the development of external market factors, providing estimated figures in addition to projections of the general financial condition of the company in the future.

Operational efficiency is primarily a metric that measures the efficiency of profit earned as a function of operating costs.

A startup company valued at over US$1 billion which is privately owned and not listed on a share market.

Frequently asked questions about Zolidar, employee ownership, and business exit planning