Rewarding and Retaining Key Personnel of the Growing Business paper

Published on 22 Nov 07 by THE TAX INSTITUTE

Key employees are vital to the continuing growth of the business. They will be retained and innovate if rewarded appropriately. This paper is about the important issue of employee remuneration and its tax consequences for both employer and employee. This issues which will be considered include:

• Providing equity in the business while retaining family control
• The interaction between Division 13A and executive share and option plans
• Alternative remuneration strtegies eg. phantom share schemes
• Sign on incentives and other bonus arrangements
• Funding of employee incentives
• Thinking ahead - impact on the structure and exit/succession planning 

Author profile

Peter Godber CTA

Peter is a consultant to Grant Thornton. He has over 30 years experience in giving professional taxation advice and dealing with change to Australian tax laws. Peter provides advice in many areas of taxation, including business taxation, business and investment structuring, international tax planning, prudential tax audits and tax risk management. Peter is a past State Chair of The Tax Institute’s Queensland Division and is currently a member of the Institute’s National Council. - Current at 22 May 2017

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