Taking stock of employee share plans
Employee Stock Ownership Plans (ESOPs) are becoming increasingly popular, and for good reason! They align employee interests with the company's success, fostering a sense of ownership and investment in the business.
Our Director of Management Consulting, Aidan Khoo, highlights the benefits of ESOPs in Straits Times article on 23 December. ESOPs are not just for large corporations anymore; start-ups, SMEs, and family-owned businesses are also embracing them.
But navigating the tax implications of ESOPs can be tricky. Elaine Chow, Partner in Tax, provided expert insights on ESOP taxation in the same article. She explains how ESOPs are taxed and when these taxes apply.
At Forvis Mazars, we can help you assess whether an ESOP is right for your company, design and implement an ESOP that attracts and retains top talent, while ensuring compliance with regulations.
Read the full article on The Straits Times.