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Keeping your employees happy means motivating them and rewarding them.
Short-term rewards are often necessary, but can also be short-sighted. If you're an entrepreneurial firm or you're (sensibly) planning for the future, some form of long-term incentive may be an essential part of the mix, and can have significant tax breaks for you and your employees.
This might include share schemes, share options, employee benefit trusts, phantom schemes and many hybrids that are available.
Payroll is usually one of the most significant charges in the accounts, and payroll taxes are a major burden. There are many choices about the total package you may offer your team, and, with a flexible approach, significant tax savings can be achieved and shared, while matching your benefit packages more closely to what your employees want.
If you want a review or are considering updating your benefits for long or short-term reasons, initial meetings with us are free of charge.
