RM2 is delighted to welcome Seb Salt as our newest Senior Consultant. Seb joins our Employee Share Schemes team, bringing with him a wealth of knowledge gained at Deloitte and Wright Hassall. John Dormer, Share Incentives Director commented: “I’m very much looking forward to working with...
RM2 acts for companies in a wide variety of sectors. However, recruitment companies will often come to us to look for ways to structure equity incentives for their employees. These include executive, specialist IT & technical, property, tax and company secretarial, graduate and cross-sector recruitment. Recruitment...
So the government concluded in the recent Spring Statement that the current Enterprise Management Incentive scheme (“EMI”) remains effective and appropriately targeted. Hmmm….. – most advisers would agree that the government should have had more appetite for change and actually attempted to reduce some of...
It’s nearly budget time and the share plans world is excited to see if there will be changes to the rules relating to Enterprise Management Incentive (EMI) share option schemes. Last year the Treasury launched a consultation calling for evidence from company owners and practitioners about...
RM2 is delighted to welcome John Dormer as our new Share Incentives Director. John will head up our share schemes team, with Sarah Anderson stepping back as director as John takes up the reins! John brings with him many years of share plans experience, most recently...
Managing any employee share plan or share option plan, and carrying out the administration, can be a huge task which can get on top of your already hectic work life. HMRC requires all plans and relevant events to be registered with them, and it’s all...
Too complicated Keep it simple. As a business owner, you want the financial interests of your employees as closely aligned with yours as possible. Give an employee shares (or an option) so that they do well if the business does well. That’s often complicated enough. A...
Employee ownership offers many benefits for businesses and employees, including helping to attract the best talent to a company, improving employee engagement and boosting staff retention. However, it’s inevitable that some employees will leave at some point, whether to move on with their career, due to retirement or...
While the government may have announced an increase in National Insurance contributions (NICs) of 1.25% for both employees and employers to help fund the NHS and social care reforms (with effect from 1 April 2022), RM2 note that the attractiveness of tax-advantaged employee share plans...
There are many good reasons why Employee Ownership, in its various forms, is an increasingly popular business model in the UK. When employees share in the ownership of a business, their interests are aligned with those of shareholders. This means that employees are more likely...
When we begin to speak with clients about employee share plans, one of the questions we are often asked is, “what size should the award be”? This is, of course, an extremely important question, but unfortunately not one which is necessarily very simple to answer. There are...
Let’s go back to basics, and explore the fundamental benefits, potential pitfalls, and overall reasoning behind establishing an employee share scheme. What is a Share Scheme? A share scheme is a way to offer equity-related rewards to employees. By awarding employees with a share of the company,...
Share plans annual return season is upon us. RM2 is in the midst of preparing approximately 150 share plan returns for our clients for EMI, SIP, CSOP, SAYE and “Other” (the category that covers all non tax advantaged share plan arrangements such as Growth Shares...
When it comes to employee share plans, the administration that goes into the schemes is very important, but it can also be quite difficult for companies to comprehend and handle. It may be easier to outsource the administration. Below are the reasons why it may...
The Office for Tax Simplification’s (OTS) most recent report doesn’t just look at tax simplification, but includes policy recommendations relating to capital gains tax (CGT) - an interesting extension of the Treasury’s usual instructions to the OTS. Some of the recommendations, if implemented, could create...
