3 Corporate Tax Management Cost Saving Strategies to Consider
Growing multinational companies juggle many tax responsibilities. Here are some tips for keeping all the balls in the air.
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Tax Co-Sourcing Re-Defined
Internal resources may not be enough to cover all your tax needs. GTM’s co-sourcing solution is the strategic and cost-effective alternative for your tax department.
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Looking to make a difference and grow professionally? GTM is 100% employee owned and actively looking for tax talent at all levels to grow with us. Interested?
GTM is 100% Employee Owned
A career with GTM is a solid financial investment in your future. As a 100% employee-owned company, GTM aligns the values and fortunes of the company and its employees toward continued business performance. Simply put, the ESOP plan rewards those who contribute to the organization. It requires no financial contribution by the employee and is provided in addition to GTM’s 401k safe harbor contribution.
How an ESOP Works
An Employee Stock Ownership Plan (ESOP) provides beneficial shares of a company to its employees in what is, effectively, a retirement plan. At the end of each fiscal year, GTM contributes a combination of GTM stock and cash to a dedicated ESOP account for each employee. As the value per share increases, and as the employee receives more shares and vests, the employee’s retirement account grows.
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Video produced by the PA Center for Employee Ownership (PACEO). Used with permission.
What You Can Expect
Since its inception in 2007, GTM’s ESOP average share value per share has skyrocketed. The average annual growth rate of its value has reached 20%. As employees grow with GTM, their shares increase. GTM provides full visibility into employees’ ESOP accounts, along with annual, company-wide ESOP education sessions.
Employees are fully vested in six years. Once fully vested, they’re presented with their own bobblehead figure, which is displayed in the office in commemoration of their achievement.
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