YesTax’s Post

📢 Could Employee Ownership be the answer to your succession plans? 📢 This year marks a decade since the introduction of Employee Ownership Trusts (EOTs), a game-changing option for business owners seeking sustainable succession solutions. EOTs allow owners to transfer their business to a trust, benefiting employees and offering a tax-efficient, rewarding exit strategy for shareholders. 🎯 Why Attend? Join our Head of Tax Advisory, Liz Gallagher, alongside an expert panel of speakers, for an insightful discussion on EOTs. Liz, having successfully advised on high-profile transitions, will share her expertise and guide you through the advantages and practicalities of adopting this model. https://lnkd.in/ePAwqZig

🔄 Ready to boost employee retention and satisfaction? It might be time to reconsider your pricing model! My new Accounting Today column looks at why transforming the way accounting firms price their services can directly improve the employee experience - https://bit.ly/4eMNCNF Who's using pricing to improve team morale? #CPA #CPAfirm #accountingandaccountants #EmployeeRetention #PricingReform #FirmLeadership #AccountingTrends #RadicalPricing

I appreciate the editorial team at Fast Company giving me, Doug Kruse, and Adria Scharf the opportunity to share some insights for their "Impact" section about the viability of employee ownership arrangements in large multinational corporations. The discussion draws on findings from a report entitled "Ownership Beyond Borders: New Research on S ESOPs with International Workers," which our Institute for the Study of Employee Ownership and Profit Sharing at the Rutgers School of Management and Labor Relations (SMLR) released earlier this year in conjunction with Employee-Owned S Corporations of America (ESCA). Based on interviews with executives from seven different companies that maintain Employee Stock Ownership Plans (ESOPs) and that also employ significant numbers of non-U.S. workers, this report offers an unprecedented look at the technical, regulatory, and cultural challenges faced by firms that set out to share ownership with employees based abroad - and at the creative strategies that can be devised to overcome them. To read our op-ed, go to https://lnkd.in/erutMdQq And to download the "Ownership Beyond Borders" report, visit https://lnkd.in/e7s7ZNHv

Why is employee ownership the economy’s “best kept secret”? Because empowering workers boosts productivity and fuels the success for small and large companies alike. Read more about the #Rutgers study in this @fastcompany op-Ed: http://bit.ly/3O41RSS #employeeownership

When the time comes to exit your business, have you considered an Employee Ownership Trust (EOT)? TC Group’s Paula Carter answers the most common questions we’re asked by owners in the TC Group blog 👉 https://lnkd.in/eQAARZW2 If you’re thinking about your succession plans, read our Q&A to learn more about: 🧑🤝🧑 How EOTs work 😀 The benefits  🔮 The future of EOTs #Succession #BusinessOwner #EOT WeAreTCGroup

At NAVCO, we invest in comprehensive training to ensure our team is aligned and ready to serve our customers. Research shows employee-owned businesses like ours are more likely to offer robust training, leading to better employee retention. Read our blog to learn about the benefits of working with employee owned companies: https://okt.to/93FSYP #EmployeeOwnership #NAVCO #EmployeeTraining

What is an Employee Ownership Trust (EOT), and how does one work? Employee ownership can be a highly effective business model, offering a tax-efficient way for company shareholders or founders to transfer ownership to their employees whilst still being paid for their shares at market value. Whether your objective is to engage and empower your employees or to secure your legacy as part of a succession plan, employee ownership could be an excellent option for you. In our latest guide, we've explained what an EOT is, how to set one up, and how they work. Read more here: https://buff.ly/48sUMEF #EmployeeOwnershipTrust #EOT #BusinessSolicitors

Each working day a company becomes employee-owned. This is largely down to the growing popularity of the employee ownership trust. Below, we explore what they are and why this is the case: https://lnkd.in/eGwXaVS6 #ukemploymentlaw #ukemplaw #employeeownershiptrust #eot

A couple of reasons to smile today: 🌞 the sun has been shining for 2 consecutive days in Manchester - that’s pretty good going for us! 👀 we have had two seriously exciting acquisitions in the past week here at Deel 🚀 we have acquired PaySpace, a leading payroll provider with over 14,000 customers. What this means for Deel? We can now run native payroll in 50 countries, putting Deel in the top category of payroll providers 🤩 💰 🚀 we have also acquired people enablement company Zavvy, meaning we can now help HR & People leaders run performance and compensation analysis, suggest L&D plans and create personalised career roadmaps 🥳📈 Consolidating all things HR and payroll into one platform has never been so real, you really don’t need to go anywhere else💙

Why Employee Ownership Trusts (EOTs) Are the Future of Business Succession Planning EOTs are transforming succession planning by offering a solution that preserves company legacy, boosts employee engagement, and ensures stability. Here’s why more UK businesses are embracing this model: - Preserve Legacy: EOTs protect company values and culture, unlike traditional sales. - Engage Employees: Ownership boosts morale and retention, creating committed teams. - Enjoy Tax Benefits: Exemptions on Capital Gains Tax and tax-free employee bonuses make EOTs a financially smart choice. - Ensure Stability: Ownership in trust keeps transitions smooth and predictable. - Build Resilience: EOT companies show greater flexibility and strength during market shifts. Interested in exploring EOTs? Contact us to learn how this approach can secure your company’s future. #BusinessSuccession #EmployeeOwnership #EOT #FutureOfWork #LeadershipTransition #UKBusiness