EMI
Enterprise Management Incentives (EMI)
An EMI scheme is a type of employee share scheme commonly used by UK startups and small to mid-sized businesses. Here’s why it’s worth considering:
- Tax Advantages: EMI schemes provide significant tax benefits for both employers and employees. These advantages make EMIs the most beneficial share scheme in the UK.
- Equity for Employees: EMIs allow companies to offer equity (share options) to their employees. This fosters a sense of ownership, aligning employees’ success with the company’s growth.
- Flexibility: EMI schemes are flexible and adaptable to your business’s unique circumstances. Whether you’re a startup or an established company, EMIs can be tailored to suit your needs.
Its about retaining a great team
An EMI scheme is not just about offering shares – it’s about empowering your team, fostering loyalty, and driving growth. Let us help you navigate this exciting journey together!
We offer advice not only to you, as the business owners, but also to staff that you are looking to grant options to. Our transparent approach ensures maximum employee uptake by showing the potential benefits that participation in an EMI scheme can bring.
Our 5 step process
- Initial Consultation: We start with an initial meeting to understand your business goals, objectives, and the scope of what you want to achieve with an EMI scheme.
- Term Sheet Agreement: Once we’ve discussed the details, we work together to create a Term Sheet that outlines the key terms and conditions of the scheme.
- Robust Valuation: Our team provides a thorough valuation of your company, to ensure there are no surprises later down the line. This valuation is prepared in line with HMRC best practice and is submitted to HMRC for agreement.
- Paperwork Preparation: We handle all the necessary paperwork, including drafting the legal documentation required for implementing the EMI scheme. While we have an excellent relationship with a legal specialist in this area, we can collaborate with your preferred solicitors if needed.
- Implementation: With the Term Sheet agreed upon and the valuation completed, we guide you through the implementation process step by step.
Testimonials
What our clients say about us
Mike Perry
The whole team are incredibly helpful and great at what they do. I can't recommend them enough!
Malia Brown
Thank you to [The Phinch] team for all your support over the years. It's very much appreciated and valued.
Grace Eden
Excellent guidance through process with a high degree of expertise. A very smooth experience.
Jennifer Muller
I have used [Phinch] services for many years. [The] team have guided me through the complicated processes of US taxes as an expat, and stayed on top of any changes in filing rules. Highly recommended.
Larissa Bulla
[The Phinch] team have been incredibly helpful in the preparation and filing of my US tax returns and FBAR submissions, even when I have been less than fully organised. The team are always prompt and professional. They stay abreast of changes in annual tax rulings and have helped me secure rebates or stimulus payments where these are due. I highly recommend this company.