23 Employee Share Schemes — Tax Considerations (Webinar Recording)
excl. GST - Broadcast Date: 26 July 2023
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Product Description
In this new world of attracting and retaining talented employees, employee share schemes are being discussed more often.
But what is an employee share scheme? When should they be considered? What are some of the reasons they fail? What are employers’ obligations? How are employees taxed? How do we approach employees about these, and when?
These questions all need to be considered when forming and implementing an employee share scheme, and there are a multitude of possible answers.
In this webinar, we will look at:
• Common types of employee share schemes, and alternatives
• Tax consequences for employees – when are employees taxed, how can employees and employers work together to mitigate some of the potential consequences of this.
• Reporting and valuation obligations on employers, and how employers can satisfy these obligations
• What tax deductions are available for employers
• What simple steps could be taken to ensure greater success with implementing the share scheme
Upon satisfactory completion of this activity you will be able to:
• Identify material tax issues involved with various employee share schemes;
• analyse and tailor the terms of an employee share scheme to best achieve the desired commercial position in a tax efficient manner.
Total of CPD Hours: 1.25 (1 Hour 15 min)
Suited to:
• Founders, angel investors and board members for start ups where employee share schemes are being contemplated
• Those working in internal finance functions where share schemes are being contemplated or are in place – it is you who field questions from employees as to what this means for them and will likely be faced with implementing and accounting for these schemes.
• Accountants and lawyers advising business owners and expanding businesses.
• External and internal professional advisors and other personnel with an interest in employee remuneration and incentives and the benefits and pitfalls of implementing an employee share scheme.
PRESENTER:
Richard Muth, Senior Manager – Tax Advisory, Findex/Crowe
Richard Muth is an experienced taxation practitioner at Findex / Crowe having more than 10 years of experience with clients ranging from large multinational groups, Australasian groups, New Zealand based SMEs along with high net worth individuals.
Richard has significant experience with the tax consequences of employee remuneration and incentives, including employee share schemes.