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Employee share schemes (ESSs) have become an important tool to recruit and retain talent, but there are complexities to the system potentially holding back wider spread use.
Early last year, national accounting, business and financial advice dmca introduced an ESS in an attempt to retain key staff members in the business in case directors retire or leave.
The firm now offers a percentage of shares owned by current or exiting shareholders to key employees at their calculated market value, which removes any adverse tax consequences for them.
This is an extract from an article written by Nina Hendy for Professional Planner published on 26 August 2022.
Read the full story: Growing interest in employee share schemes -Professional Planner
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