The burden of legal and tax compliance obligations faced by employers is ever increasing. Whether this be in the form of standard ITIP operations through to complex share schemes, our tax specialists are able to offer a wide range of high quality services and advice on employment-related issues.
Employment costs, including pay, benefits, NICs, pensions and administration can account for a large proportion of total operating costs. Legislation surrounding sometimes complex areas of tax on such areas has increased the burdens placed on employers.
Our tax specialists are able to draw on their expertise to aid in such areas as ITIP and NIC planning, assist with ITIP audits and investigations, provide advice on termination and payments in lieu of notice, share schemes and pensions.
We provide expertise and objectivity and offer a wide range of solutions that are fully compliant from an employment and legal perspective incorporating our technical expertise.
The scope for both locally based employees to second away from the Isle of Man as well as employees of other jurisdictions seconding to the Isle of Man is a growing trend.
Being a member of one of the largest and most globally equipped accountancy practices in the world, we are able to offer up to date and timely advice covering a broad range of jurisdictions addressing local tax law and practice.
Our team is able to provide employers with full compliance services to ensure all responsibilities are met, address both employer and employee concerns, advise on the tax consequences of any proposed assignment and discuss the tax risks along with possible planning that might be taken to mitigate these risks along the way.