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Employee Share Schemes
[S&C SYD 02Sep]
September 2 @ 12:30 pm - 2:00 pm
About This Workshop
An employee share (or option) scheme (ESS) provides an opportunity for employees to acquire equity in the company they work for. Employee share schemes can benefit employees financially if the company performs well and are often used as a way of attracting, retaining and motivating staff. An ESS may benefit the company as it can also align the employees’ interests with shareholders’ interests.
The ESS tax rules have recently changed to make equity far more tax effective for employees’ of start-up companies, however there are strict rules that define which companies can qualify as a start-up, which we’ll dive into during this workshop.
We’ll discuss the tax obligations for both the start-up, and the employee, the advantages and disadvantages of offering an ESS. We’ll look at options including vesting, how to value your shares and things that need to be considered when an employee wants to sell their shares, or leaves the company
About the Instructors
Partner, Standard Ledger
Michael is that finance guy.
The one who helps businesses grow and get the edge early. The one with more than 15 years’ experience in leading organisations, such as Goldman Sachs and PricewaterhouseCoopers.
The one you didn’t think your startup could afford.
And yet, as a co-founder of dedicated startup accounting firm, Standard Ledger, he’s passionate about them. His clients range from bio and medtech to fintech, manufacturing and virtual gaming startups. They use him as a virtual CFO who provides financial insight, tailored management tools and capital raising support.
They also use him as a tax adviser. He has all the credentials (chartered tax adviser, registered tax agent and member of the Tax Institute), and he uses them to make startups tax-efficient and savvy.
And he’s a member of the Institute of Chartered Accountants. But not one who ticked that box years ago. As a teacher of finance and entrepreneurial topics at General Assembly and Sydney Start Up Hub, he keeps on top of the latest finance strategies and tax laws to help your startup become a stayup.
Partner, Hall & Wilcox
Anthony is a highly regarded tax practitioner with over 20 years’ experience. He has particular expertise in taxation planning and structuring, including advising on capital raisings, business structuring, mergers and acquisitions, and disputes with Federal and state taxation authorities.
Anthony’s current practice primarily focuses on tax advisory, advising in respect of employee share plans and executive remuneration, and managing tax disputes with revenue authorities. He has specific industry experience in the telecommunications, software / IT services industries, media and entertainment industry, and the property and construction sector.