2017 Employee Share Scheme (ESS) Tax Reporting – Are you ready?

2 Jun 2017

Does your organisation have employee share schemes?

Are you ready to meet your ATO reporting obligations by 14 July 2017?

With 30 June fast approaching, now is the time to start preparing for your 2017 employee share scheme (ESS) tax reporting obligations.

The ATO has a number of requirements which must be met by all organisations who operate employee share schemes involving the grant of shares, options and rights.

Failure to meet these obligations may result in administrative penalties.

Reporting obligations include:

  • correctly identifying taxing points in accordance with relevant legislation.
  • providing an ESS statement to participants by 14 July 2017
  • lodging an ESS annual report to the ATO, electronically and in the approved format, by 14 August 2017

BoardRoom can take the hassle out of tax time. Our experienced Employee Plan Services team can assist you with meeting your obligations in a fast, efficient and cost effective manner.

If you would like to find out more about how Boardroom can assist you with ESS reporting, please contact me on (02) 9290 9666 or email keshwan.nair@boardroomlimited.com.au by 20 June 2017.

Contact BoardRoom for more information:

Keshwan Nair

Head of Unlisted Fund Services

+61 2 9290 9666