Grey Matter Recruitment’s Post

As the CEO of a software house, I am deeply concerned about the recent announcement in the annual budget that includes an increase in taxes on salaried individuals. This decision places an undue burden on hardworking professionals who are the backbone of our industry and economy. In the tech sector, our talented employees drive innovation, productivity, and growth. Increasing their tax load not only impacts their financial well-being but also risks dampening the morale and motivation that are critical for maintaining our competitive edge on the global stage. I urge the government to reconsider this move and explore more balanced fiscal strategies that support, rather than hinder, our valuable workforce. Let's work together to create an environment where both businesses and employees can thrive and contribute to a prosperous future for all. #TaxReform #SupportOurWorkforce #TechIndustry #Innovation #EconomicGrowth

🍂 An Ode to the Autumn Budget 2024 for Small Businesses 🍂 In Westminster’s hall, the Budget was told, With changes to tax and burdens bold. For small businesses, striving to grow, These measures bring both high and low. Corporation Tax will stay at twenty-five, Fixed to help keep investment alive. But for firms who feel each pound’s cost, This cap still leaves some profit lost. National Insurance will take a new height, Fifteen percent, a rising plight. From April’s dawn, employers will see, The squeeze on payrolls tight as can be. In a boost to payrolls, a surprise to cheer: The Employment Allowance will double this year. From five thousand pounds to ten thousand five, A lift to help smaller firms thrive. Retail and Leisure receive some grace, With a temporary rate relief in place. Forty percent off to ease the strain, Though questions linger if it’ll remain Here’s to small firms in challenging times, Balancing budgets, nickels, and dimes. With each new measure in fiscal tune, The budget’s impact will surface soon. . . . . This is what happens when you ask ChatGPT to make a poem about the #AutumnBudget2024 😂

Equity incentives, particularly share options, can significantly boost employee engagement and drive growth, especially in the tech sector. These incentives are valuable tools for attracting and retaining talent without immediate financial strain, which is crucial during the early stages of a business when cash flow is tight. One of the key benefits of share options is their tax efficiency. The Enterprise Management Incentive offers significant tax advantages. For instance, EMI options can be exercised without income tax or National Insurance liabilities if granted at market value, and the subsequent growth is subject to preferential capital gains tax rates. However, navigating these options demands meticulous attention to detail and compliance. Ensuring that the company meets the necessary conditions and maintains its qualifying EMI status is essential to avoid unexpected tax liabilities. Expert guidance is crucial in this complex tax landscape. For tech companies, where intellectual property often plays a central role, additional considerations arise. The receipt of royalties or license fees could impact EMI qualification, making precise tax advice indispensable. While the potential benefits of equity incentives are substantial, careful planning and expert guidance are essential to navigate the complexities and maximize their potential. #Tax #Talent #Technology #EmployeeEngagament 

🌟 Attention Business Owners! 🌟 Did you know about the Employee Retention Tax Credit? It's a game-changer for boosting employee retention and saving your business money! Here's what you need to know: 💰 Get a tax credit of up to $7,000 per employee per quarter for keeping your team on board during tough times. 📈 Strengthen your workforce and maintain business continuity without breaking the bank. 🔍 Eligibility extends to businesses of all sizes, so whether you're a small startup or a large corporation, you can benefit. Don't miss out on this opportunity to invest in your team while saving on taxes. Talk to your tax advisor today and see how the Employee Retention Tax Credit can work for you! #EmployeeRetention #TaxCredit #BusinessSavings #EmployeeRetentionTaxCredit

A useful and very powerful tool. Get to know Oyster's Global Employment Cost Calculator. #Oyster

𝗧𝗲𝗰𝗵 𝘄𝗼𝗿𝗸𝗲𝗿𝘀, 𝗱𝗼 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟴𝟱 𝗥𝗼𝗹𝗹𝗼𝘃𝗲𝗿?    Many tech workers find themselves in a tricky tax situation due to their company's skyrocketing value. If you've participated in your company's share purchase plan for years and now see a significant increase in value, you're not alone.   Section 85 of the Canadian Tax Code offers a smart way to manage your shares without triggering a capital gain.    Read the latest 𝘕𝘰𝘷𝘦𝘭 𝘐𝘥𝘦𝘢𝘴💡 blog to learn how this can benefit you: https://bit.ly/3RGmzu9   #Section85 #TaxStrategy #CapitalGain #NovelWealth

Does your business have hiring and wage-based programs to encourage job creation and investments in the workforce? You could earn tax credits, cash incentives, training reimbursements, and other benefits. Here's a breakdown of eligibility requirements. Thanks for your insight, Gabriel Sermeno, Gina Kucera, and MaryCaitlin Willcuts. https://lnkd.in/gf-Gjkz6 #TaxCredits #CashFlow

Does your business have hiring and wage-based programs to encourage job creation and investments in the workforce? You could earn tax credits, cash incentives, training reimbursements, and other benefits. Here's a breakdown of eligibility requirements. Thanks for your insight, Gabriel Sermeno, Gina Kucera, and MaryCaitlin Willcuts. https://lnkd.in/gf-Gjkz6 #TaxCredits #CashFlow

Most organisations don’t contribute to NPS because they’re lazy to make changes. Push your employer. Start contributing. Saves a lot of tax. Creates decent corpus.

🚀 Unlock Innovation with the R&D Tax Credit 🚀 Did you know businesses of all sizes can benefit from the R&D Tax Credit? Whether you're developing new products, improving processes, or creating software, this credit can significantly reduce your tax liability. 💡 Who Qualifies?  - Companies investing in innovation, even without a dedicated R&D team. 💡 Eligible Expenses: - Employee wages, research supplies, and software development. 💡 Startups: - Apply the credit to offset up to $250,000 in payroll taxes for up to five years! This is a powerful incentive to fuel growth and drive innovation. 💼💡 #R&DTaxCredit #Innovation #BusinessGrowth #TaxCredits