Many businesses understand the importance of incentivising their staff, and will often invest significant time (and money) in designing and setting up an employee share plan such as Enterprise Management Incentives (EMI). An EMI plan can play a central part in attracting, motivating and retaining staff. ...
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 are running an employee share plan or employee ownership arrangement, there are some key dates that should be in your diary every year to be sure your plan is compliant with various HMRC rules. In addition, this year there are some changes to...
The Company Share Option Plan or CSOP offers generous tax reliefs, but then so can an Enterprise Management Incentive Scheme if your company qualifies, so which is better? We take a look at the key features of both to help you decide which might be...
As 2023 draws to a close, RM2 Partnership is delighted to have finished the year on a high by getting our 100th EOT client over the line! About the business Design by Structure is a creative brand agency set up to help tech businesses use their unique...
Does my company really need an EMI valuation agreement from HM Revenue & Customs (HMRC) before granting EMI options? That’s a reasonable question, especially for companies working with limited budgets. It is true that it is not a legal requirement for an EMI valuation of the...
Every year the Employee Ownership Association (EOA) holds an annual conference aiming to bring together business owners who wish to celebrate or are considering employee ownership. It also includes businesses such as RM2 that specialise in helping them turn their vision into reality. This year’s event...
A new research report has produced clear evidence that employee-owned companies really do outperform in terms of productivity, and beyond. “People-powered growth: The rapid rise of employee and worker ownership in the UK” looked at over 9% of the UK’s 1,650+ EOBs and compared results to...
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...
We're always writing about why we think employee ownership is such a great move for businesses. But what do company owners say about it? As employee ownership increases in popularity and achieves wider recognition, it's easy to find support for this ownership model from high profile...
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...
Employee Ownership Trusts (EOTs) offer a popular and flexible succession solution for private company owners. A key advantage is that sellers pay no capital gains tax if they sell to an EOT. The EOT model is becoming more widely accepted as a genuine commercial ownership...
If your company is owned by an Employee Ownership Trust, you can pay your employees an income tax-free bonus every year. You can pay up to £3,600 to each employee. Often, companies wait till the sellers' debt has been paid off before they pay bonuses. ...
Government has published draft legislation to extend the time limit for notification of the grant of EMI options. Currently, companies must notify HM Revenue & Customs of an EMI option grant within 92 days of the date of grant. This limit will be extended for...
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...
