At ENSafrica (Edward Nathan Sonnenbergs) we understand that share incentive and related programs play a key role when selecting and implementing an appropriate employee incentivisation and retention strategy. These programs are particularly useful in securing the long term loyalty of key employees, without having the short term cash flow disadvantages of simply increasing remuneration. Our appreciation of this means we are able to adopt a multi-disciplinary approach to these issues, which include, commercial and company law considerations, BEE considerations (including ownership requirements), and aspects of employment law. This enables us to devise strategies that assist our clients by being specifically tailored to suit their needs.
The tax law environment for such programmes has undergone significant legislative amendment and we offer sound advice taking cognisance of these changes. It is clear that careful consideration of the tax treatment is essential for the employer, the employees and any vehicles established for the scheme and by assisting and guiding our clients, we are able to avoid potential pitfalls around this. In addition, our clients are kept aware of all legislative amendments thereby ensuring that their chosen tax treatment is appropriate and continues to satisfy their employee incentive needs.
Our Employee Incentive Scheme specialists are augmented by ENSafrica’s full-service offering of expertise in other areas of law, enabling us to cross reference with other specialists within the firm, if need be. This full service offering ensures we deliver cost-effective and streamlined solutions to suit the needs of our clients.