The ability to attract and retain talented staff greatly affects an organisation’s capacity to sustain a competitive advantage, as the loss of a key employee to competitors or poor performance of unmotivated employees could lead to a significant erosion of business value.
In today’s job market, employees are increasingly looking for a remuneration package that offers more than just salary. Lifestyle benefits, salary packaging and employee share plans are just a few of extras that employees seek in the workplace.
An effective remuneration strategy will be a key incentive for your staff. Offering them a share in the business or more flexible working arrangements, for example, can help to align their personal objectives with those of the business and it needn’t be expensive.
A well planned and tax effective remuneration plan can increase the value that you offer to your employees without increasing the cost to the business.
William Buck has extensive experience in designing tax effective remuneration strategies that maximise the commercial outcomes for your business and take into account the special circumstances that can apply to public companies, private businesses, charities and not for profit organisations.
Our tax team is committed to providing industry leading, expert advice on remuneration related issues, while ensuring that recommendations are practical, fuss-free and follow a business minded approach.
By taking the time to understand your business, employees, and culture we aim to provide strategies that are not only tax effective but are tailored to suit the needs of your business and staff.
How we can help
- Remuneration strategies for all levels
- FBT concessions & exemptions
- Employee share ownership plans
- Tax and Workers compensation issues
- Compliance and corporate governance
- Payroll tax
- Expatriate tax services
- Tax effective bonus & profit share schemes