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Employer Solutions

EQ are among the leading providers of employment tax advisory support in Scotland. We provide a wide range of tax and National Insurance services specifically aimed at supporting your business needs. Whether you are a corporate business, professional practice or not-for-profit organisation, we are here to provide support.

Our advisory services include cost-effective planning solutions to help with staff recruitment, the retention and incentivisation of your key employees. In addition to this, we offer full compliance support.

We offer full support, removing the administrative payroll burden from you whilst keeping you up to date with complex and ever-changing legislative requirements and ensuring you avoid the pitfalls and potential penalties for getting it wrong.

Contact the Employer Solutions Taxperts

Ross Oliphant

Ross Oliphant

Partner

Sandi Drummond

Sandi Drummond

Supervisor

Dougie Rae

Dougie Rae

Partner

Share Ownership

Employers may consider offering current or prospective employees an option to purchase shares in the company at some date in the future, but at a price that is fixed today. If the value of the company grows over time, the employee could make a significant profit when they sell their shares.

Share option schemes, such as the Enterprise Management Incentive (EMI) scheme, are therefore an extremely useful tool both for attracting talented employees to the business, and for retaining and incentivising key employees. The chance to benefit in the company’s growth alongside the owners is a powerful motivator when offered in addition to the usual salary package. Aside from the modest set-up costs, there are no cash costs associated with share options, so they’re not a drain on resources.

Business owners may also view employee ownership as a viable and attractive business succession solution, in which case selling the business to an Employee Ownership Trust (EOT) might be worth considering given the generous tax breaks that are available.

Our team have helped set up numerous share option schemes for our clients, and have assisted a number of businesses make the transition to employee ownership and have the expertise to guide you through the process.

View Related Case Studies

Management Purchase of Business

Following the collapse of a local business, EQ were approached by two of the management team who sought to make an acquisition of some of the assets along…

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Employee Incentives

Our client is a manufacturing supply company in the East of Scotland, wholly owned by the managing director and his wife. The owners wished to incentivise their key…

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Share Options

Our client is a start-up company developing a new technology. The company is expecting to grow its range of products and seek an external sale in the next…

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Preparing for Sale

A non-client, a manufacturer, approached EQ to help them in setting up their business to be sold, most likely to the employees. The company was owned by two…

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Assisting with Transition to Employee Ownership

EQ were referred to the shareholders of Palimpsest Book Production Company Limited by Scottish Enterprise, an existing client, as they were interested in transitioning to employee ownership as…

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Remuneration Planning

Maintaining desired income levels for the business owner and achieving the optimum balance between a dividend and employment remuneration strategy in times of changing taxes requires careful planning.

On top of this, it is essential that businesses recruit, retain and motivate their employees. This can be achieved by designing remuneration packages which minimise tax and National Insurance for both employees and employers. A remuneration package may include salary, pension contributions, benefits and the option to acquire shares in the company via an HMRC approved share scheme.

Employers need to ensure that remuneration packages are competitive, that they meet employee’s needs and that they are tax-efficient for both parties. Our team can help provide the optimum solution for you and your staff.

View Related Case Studies

Employee Incentives

Our client is a manufacturing supply company in the East of Scotland, wholly owned by the managing director and his wife. The owners wished to incentivise their key…

Read more...

Remuneration Planning

Our client is a large family-owned company in the East of Scotland, operating in a highly competitive environment. We were approached by the company to create a tax-efficient…

Read more...

Share Options

Our client is a start-up company developing a new technology. The company is expecting to grow its range of products and seek an external sale in the next…

Read more...

PAYE Support

Employers have the burden of reporting and calculating the tax and National Insurance due. When it comes to employment taxes, it is vital to engage advisors who understand your business and who have the necessary experience and knowledge to support you in dealing with HMRC.

We have a specialist Virtual Finance Office to support you with any PAYE matter. They can take control of your Payroll or entire financial function – alleviating the burden, allowing you to focus on running your business.

In providing you with our PAYE support services, we’ll take the time to get to know your business and provide advice tailored to your specific needs. This ensures that your remuneration systems, processes and controls are robust and fit for purpose.

Our services include:

  • Completing on-site health checks
  • Providing you with the right level of support during HMRC enquiries and reviews
  • Keeping you up-to-date on changes in legislation and how they impact upon your internal policies and procedures
  • Advice regarding the treatment of self-employed consultants and contractors, in particular those individuals subject to the IR35 regime
  • Structuring termination payments and redundancy arrangements to minimise tax costs whilst delivering accurate reporting
  • Managing the tax risk of the HMRC construction industry scheme (CIS) and the wide-reaching impact this can have;
  • Support to comply with P11D and PAYE settlement agreements, and
  • Designing expenses and benefits policies and procedures

View Related Case Studies

PAYE Support

Our client is a children’s nursery with approximately 30 staff. The business has a high staff turnover and the business owner prepared her own payroll. Over a period…

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Employing Staff Overseas

Our client is a UK-based company within the software industry, who often employ the services of overseas subcontractors for assisting with their niche research and development (R&D) projects….

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Financial Services

Many business owners are finding it harder to extract profits from their business tax-efficiently, and recent pension legislation changes have restricted the amount of money that can be invested in a personal pension if the investor wishes to keep all of the associated tax benefits.

To complicate matters, the investment landscape has changed in recent years. Historically low interest rates have forced individuals to shun cash deposit accounts and to look for better returns elsewhere. Inflation-beating investment returns are proving harder to come by. Businesses holding large sums of cash on deposit have even fewer options.

No wonder that business owners are increasingly looking for ways to reduce their personal tax liabilities, as well as putting their company’s cash to work more tax-efficiently. Business owners and owner-managed businesses are increasingly turning towards government-approved tax-efficient investments. Investors can feel confident that the tax benefits they claim are in return for helping smaller companies to prosper.

View Related Case Studies

Financial Services

Our client is a food processing company and employs a series of well-paid managers and directors who run the business and are key to its future success. EQ…

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Our services include:

Share Ownership

Remuneration Planning

PAYE Support

Financial Services

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