Share schemes for employees are an excellent way for your business to incentivise and reward staff. They can help with both the retention of staff and with recruitment, thus improving company performance.

We will consider all available options, including HMRC-approved and unapproved schemes, in order to find the best employee share schemes for your business.

Enterprise Management Incentive

Enterprise Management Incentives (EMI) are the most popular approved schemes currently available. Here at Alexander & Co, we offer a complete service to set up and maintain EMI schemes at a cost-effective rate. Our tax advisors can provide advice on the range of schemes available and the tax advantages of each. They can help you find the option that best suits your business.

How do employee share schemes work?

Employee share schemes generally work by offering members of your team access to specific types of shares, in order to divide company ownership amongst the employees and therefore hopefully incentivise them in their work and potentially make them more loyal to the business. 

There are a number of different ways companies can set up employee share schemes, but they often involve giving employees free shares, allowing them to buy shares matched with free ones, or granting employees the option to buy shares at a set price, after a specified amount of time. 

With so many options available, it is worth determining your reasons for granting people equity before deciding which type of scheme to opt for. Our experts can help you consider the available options and help you decide which scheme is right for your business.

Employee share scheme benefits

As well as being a great way to potentially motivate your employees, increase their productivity and hopefully promote loyalty amongst existing staff members, employee share schemes can work as part of a benefits package that can help attract talent when hiring. Releasing shares to employees as opposed to paying high wages and bonuses can also help ease cash flow pressure.

Get started today

For financial advice and assistance with share schemes like the Enterprise Initiative Scheme, get in touch with our expert tax advisors at Alexander & Co today. We work with a wide range of businesses across the UK, providing tax, accountancy and business advisory services.

You can call us on 0161 832 4841 or email Alternatively, fill out the contact form, and we’ll be in touch shortly.

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