For some business owners, selling all their shares to an Employee Ownership Trust (EOT) is the complete solution to their succession worries. Key benefits of selling to an EOT Sellers pay no capital gains tax if they sell a majority shareholding to an EOT. This means that...
Many private company business owners like the idea of incentivising employees via a share scheme. Advantages include attracting and keeping key talent in a competitive market. Using equity can also be an attractive alternative when cash is tight, and salary requirements are high. Founders who’ve built...
If you’re running an employee share plan, especially if you’re setting up a scheme for the first time, there are some trip hazards that you may not be aware of. These may vary depending on the share plan you’re using. Check these points out to...
As summer holidays come to an end, business owners often start thinking about getting an employee share plan in place for a New Year launch. With that in mind, it feels like a good time to go back to basics and think about the first...
Okay, maybe not those ears, but the ears of HM Treasury and HM Revenue & Customs, at least. There are currently two real chances to provide feedback to government on how employee share ownership plans are working for your business and your employees. Consultation on EOTs Employee Ownership...
Contrary to popular belief, us share plan lawyers don’t really like making things complicated just for the sake of it. So over the past couple of years, we’ve been delighted that the powers that be have taken the time to consider how tax-advantaged employee share schemes...
Companies with employee share plans in place have until Tuesday 6 July to file their annual returns with HM Revenue & Customs on their Employment Related Securities portal. If you have granted options to your employees, or given them shares, or let them buy shares –...
Selling your business to an Employee Ownership Trust (EOT) doesn’t necessarily mean that the commercial operation of the business will change significantly after transition. Of course, the company will still need to operate profitably, particularly if you’re still going to be paid out of post-tax...
When business owners come to us to ask about share plans, the first port of call is almost always the ever popular Enterprise Management Incentives (EMI) option plan. EMI is very flexible and tax efficient and will work for many smaller companies. But there is an...
The end of the tax year means that it’s time to make sure all your employee share plans information is up to date. If you’ve got an employee share scheme, you’ll need to file a return on HMRC’s Employment Related Securities portal by 6 July...
It’s crucial for any company to retain their staff members, ensuring that the most talented employees stay for the long term, as opposed to moving on. Why retention is important This isn’t just about being kind to employees. Keeping your employees for a longer period can...
HMRC have introduced some minor changes to the end of year share scheme return templates to take effect from 6 April 2023. The intention of the changes are to improve the quality of the data HMRC receive and to achieve greater consistency in reporting. The changes...
Managing any Employee Share Plan and carrying out the administration can be a huge task and can get on top of your already hectic work life. Share plan administration can even be tough on a plan consisting of a couple of individuals as the same...
RM2 are eagerly counting down the days until the EOA Conference 2022 on 3rd and 4th October at the ACC Liverpool. We are looking forward to enjoying all things employee owned including some really exciting seminars and networking sessions. We hope you will drop by our stand...
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...
