Share-based remuneration
At a time when cash flow is more important than ever, companies are using share based remuneration as one of the key methods of attracting, incentivising, rewarding and retaining executives and employees. Given the wide range in the type of share scheme available, organisations are able to align their corporate objectives with their share-based reward strategy. Whatever the chosen path, companies need to be fully aware of the taxation, legal and accounting implications of the implementation of such schemes and Deloitte is in a position to provide such comprehensive assistance.
With the introduction of employer withholding obligations for most share based remuneration and more comprehensive employer reporting requirements, organisations need to be fully up to speed with their obligations. The impact on employees, including the introduction of employee PRSI, needs to be carefully communicated to all participants. Deloitte has been involved in meetings with the Department of Finance, Revenue and the Department of Social Protection in relation to the key issues and continue to liaise with these representative bodies on areas of concern for clients. Deloitte has also issued guidance to clients in order to explain the recent changes.
Our Compensation & Benefits team are happy to discuss any queries you have in this key area.
