Managing a mobile workforce, especially at a time when business travel is high, presents unique challenges for equity compensation programs. When employees work across multiple jurisdictions, the complexity of tax reporting and withholding requirements increases exponentially. Success depends on effective collaboration between your equity, HR, and payroll teams.
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Author Tara Hagen, CPA, FGE
Tara has been with GTN since 2019 and is a Director and GTN’s West Coast equity services leader. She has over 20 years of experience in providing global mobility tax compliance and consulting services, as well as equity compliance and consulting. The range of services Tara provides to her clients includes both domestic and international payroll, equity compensation, and global and domestic mobility policies. Having lived and worked abroad, Tara has a global mindset and is a true partner for her clients and mentor among colleagues. Tara is known for seeing mobility tax matters from various angles, including from the client, mobile employee, and the tax authorities. thagen@gtn.com | +1.650.331.1140
Shorter SEC Settlement Cycle: Time Is Now for Tech Upgrades
on May 16, 2024
| By Tara Hagen, CPA, FGE
|
Mobility Tax,
Mobile Equity,
Equity Compensation Program,
T+1
This article was originally published in Spiceworks.
Starting in May 2024, the US Securities and Exchange Commission’s new, shorter settlement cycle kicks in—and it could leave businesses scrambling. HR, payroll, tax, and equity teams will have one fewer day to deliver shares and manage the related equity compensation tax implications. Plus, when the settlement window is shortened, it will focus more on the complexity of managing a mobile workforce.
However, these new settlement cycles could serve as the wake-up call businesses need to jump-start much-needed technology upgrades. Why is the SEC’s rule so important for companies that offer equity compensation, and how can technology protect against tax violations, lost compensation, and burnout in this new environment?
Managing the Risks of Mobile Equity Compliance for Your Company and Employees
on June 15, 2023
| By Tara Hagen, CPA, FGE
|
Global Mobility,
Mobility Tax,
Mobile Equity,
Equity Compensation Program
In the current global business landscape, it has become increasingly common for companies to offer long-term incentives to their employees as a means of attracting, retaining, and rewarding them. However, while such incentives, including equity income, can be highly effective, they also come with inherent risks that require careful management and oversight.
