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SEIS and EIS

Rewards that work for your company

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Attract the best talent to help your business thrive

As a business, you’re always looking for ways to retain key staff and attract new talent. So how can you do this?

Ensuring you have the right reward structure to incentivise your employees will put you on the right path, and helps to encourage employees to buy-in to the vision - the company’s growth is their growth.

There are various schemes available to businesses, which can be either tax advantaged or non-tax advantaged. It’s the tax advantaged schemes specifically recognised in legislation that provide numerous tax benefits for both employers and employees.

Making sure you select the right scheme

Given the array of different schemes available for businesses to choose from, it can be a bit of a minefield finding the right scheme to fit your business objectives. 

At Inform, our specialist tax experts can work with you to determine the most appropriate scheme for your business, and get all the documentation in place.

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Which scheme is the right fit?

The most common examples of government-approved incentive schemes are:

  • Company Share Option Plans (CSOPs)
  • Enterprise Management Incentive Schemes (EMIs)
  • Share Incentive Plan (SIPs)
  • Save As You Earn Schemes (SAYEs)

Of course, as with all incentive schemes there are different eligibility requirements for each type of scheme.

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What are you looking to achieve?

Key questions to ask yourself:

  • Will shares be gifted or paid for?
  • Will employees be more motivated by investment in share (business success) or cash payment?
  • Do you know what the value of the business is, and are you willing to reduce your shareholding in the company?

An incentive scheme will only work if the objectives of the employer and employee are aligned.

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Ebook

Download your free financial KPI guide

Need help setting and achieving your goals? The KPIs listed in this guide will help provide the insight you need to keep your business growing. We can help you set your targets, track your data and report back through the provision of management accounts - a monthly or quarterly set of statements that put you firmly in control of your finances.

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Speak to one of our specialist accountants today!

If you’d like to know more about how we can support your wealth management, we’re happy to help.