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Helping you to recruit, retain and motivate your key employees EMPLOYEE SHARE PLANS
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1A TAILORED APPROACH
By taking the time to understand your business, your staffing and your business goals, we can identify the share plan that best supports your key business drivers and adds value to your remuneration strategy. We can help you with:
• Recruiting and retaining key individuals
• Motivating employees
• Delivering tax efficient reward
• MBOs and restructuring
• Exit strategy
• Succession planning
We can assist you in identifying the key objectives of the plan to maximise the return on your investment, the type of plan that participants will value (i.e. shares v options v ‘hard cash’) and how to achieve a balance of benefit and cost.
It is your plan and your staff and we can design a plan that is tailored to you. The design of a good incentive plan is an iterative process, which goes on after implementation, as plans need to evolve and adapt to changes within a business and its environment. We can help you with:
• Employee and non-employee participation
• Vesting/performance conditions
• Inclusion of overseas staff
• Timing and means of extracting value
• Corporation tax and accounting for the plan
And, we can ensure the plan aligns to your business strategy:
• What level of financial contribution, if any, should the participant make?
• How should good and bad leavers be treated?
• Financial modeling and levels of potential gain to manage the dilution and reward dynamic
Some key design decisions will be emotive and opinions may be divided - we can help you navigate through this.
Step 1:Planning and feasibility
Step 2:Design
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We would normally project manage the implementation and minimise the time input required by your team representatives, and therefore the impact on your resources.
As part of the implementation process we will:
• Review the Company’s Articles and consider shareholder approval
• Draft plan rules and ancillary documentation
• Put in place an Employee Share Ownership Trust, where required
• Support you in undertaking notifications, returns and self-certifications to HM Revenue & Customs
• Value the company’s shares for tax purposes, where required
• Invite employees to participate
Communication is key, both to the successful implementation of any plan and explaining what the business expects from such a significant investment in its staff. Mazars has a wealth of experience in this area and can help ensure your communication has the maximum impact in terms of a return on your investment. We can offer:
• Draft letter of invitation, employee booklets and Q&As
• Posters and e-mail/intranet alerts
• Presentations
• Telephone helplines and participant “clinics”
Once your plan is in place, we can help with your ongoing plan administration including the preparation and submission of annual returns. If your business changes in the future, we can help modify your plan to meet your changing objectives. We can offer:
• Health check and due diligence support
• Plan administration
• Transactional support
Step 3:Implementation
Step 4:Communication and support
Share schemes and employer solutions: a full service offeringOur experts provide a comprehensive range of services to assist employers in rewarding and maintaining talent through tax efficient remuneration planning – from Share Incentive Plans and Enterprise Management Incentive schemes to Company Share Option Plans and Employee Ownership Trusts. Our full service offering can be found overleaf.
We’re part of a wider employer solutions team, therefore our clients benefit from specialist advice in other areas such as PAYE and National Insurance compliance, HMRC enquiries and investigations, and salary sacrifice.
ADDS VALUE TO YOUR REMUNERATION STRATEGY
www.mazars.co.uk
PLEASE GET IN TOUCH...For more information about how Mazars can help you, please contact:
Liz Hunter Tax Director, Share Schemes and Employer Solutions
T: +44 (0)20 7063 4489E: [email protected]
Tower Bridge House St Katharine’s Way London E1W 1DD
Mazars LLP is the UK firm of Mazars, an international advisory and accountancy organisation, and is a limited liability partnership registered in England with registered number OC308299. A list of partners’ names is available for inspection at the firm’s registered office, Tower Bridge House, St Katharine’s Way, London E1W 1DD.
We are registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk under reference number C001139861.
© Mazars LLP 2014-03 29661
Our services
• Employee Ownership
• Company Share Option Plans
• EBTs
• Enterprise Management Incentives
• ESOTs
• Flowering Shares
• Growth Shares
• Restricted Share Plans
• International Share Plans
• L-Tips
• Nil-Paid & Partly-Paid Share Plans
• Joint Share Ownership Plans
• Phantom Share Plans
• Save As You Earn
• Share Incentive Plans
• Share Valuations
• Split-Interest Plans
• Unapproved Share Options
• Employee Shareholder Status
• Share Plan Annual Reporting
