Draft law released on Employee Share Scheme changes

Posted by Jack Qi on 20-Oct-2015 12:18:00

The Federal Government released on Wednesday 14th January the draft legislation to fix Australia’s much-criticised rules around the taxation of Employee Share Schemes. This is the follow up to the announcement made in October 2014 as part of the government’s Industry Innovation and Competitiveness Agenda.

Read More

Topics: Employee Share Schemes

Employee Share Scheme standard documents released by ATO

Posted by Azure Group on 01-Jul-2015 15:22:00

We are encouraged to see the Government taking Employee Share Schemes (ESS) seriously and doing their bit to make it a cost effective process for startups to introduce to their business. The Government’s Growing Jobs and Small Business package is about supporting innovation and creating the right conditions for Australian entrepreneurs. The changes to ESS will make it easier for Australian firms to attract and retain high quality employees in a globally competitive labour market.

Read More

Topics: Employee Share Schemes

Employee share schemes – Capital gains tax vs ESS rules

Posted by Jack Qi on 11-Mar-2015 09:44:00

There’s been a lot of chatter amongst the Australian startup and technology community about the government’s proposed changes to Australia’s problematic tax regime on employee shares (see summary of changes here and our response to the government here).

Read More

Topics: Employee Share Schemes

Doing our bit to improve the tax treatment of employee share schemes

Posted by Azure Group on 09-Feb-2015 15:20:00

Startups! We're behind you. We are excited about the proposed changes to the tax treatment of employee share schemes and we'd like to see a few tweaks before this becomes a permanent reality. Submitting our feedback to the government is the first step. 

Read More

Topics: Employee Share Schemes

Setting up an Employee scheme

Posted by Michael Derin on 07-Dec-2014 14:54:00

Employee share schemes (ESS) give employees shares in the company they work for, or the opportunity to buy shares in the company.

Read More

Topics: Employee Share Schemes, Startups, Tax

Long overdue changed to taxation of employee share schemes announced

Posted by Jack Qi on 15-Oct-2014 17:18:00

Employee share schemes are a fundamental tool for cash-strapped entrepreneurial and start-up businesses to attract, motivate and retain talented staff. However the ability of these business to take advantage of this tool in Australia has been significantly hampered by our complex, unworkable and counter-intuitive tax rules in this area, which is been the target of much ridicule worldwide.

Read More

Topics: Employee Share Schemes, Tech Business, Legislation, Startups