Traqqie’s Post

🌟 Spotlight on Equity in Poland! 🇵🇱 Our latest blog post at Slice | Global Equity about global equity compliance and regulations is live on NASPP, and this time, we're putting the spotlight on Poland! With substantial investments in tech infrastructure attracting both startups and established tech companies, Poland is positioning itself as a leading R&D center in Europe. Our latest blog provides a comprehensive overview of how companies can effectively grant equity to their workforce while staying compliant with Polish regulations. Here are the highlights: 🔹 The differences between qualified and non-qualified stock options in Poland, including key requirements for grantees and companies. 🔹 The significant tax benefits of Poland's qualified option regime. 🔹 A comparative analysis of Poland’s equity grant frameworks with other countries like the UK (EMI and CSOP), Sweden (QESO), and Israel (Section 102 CG). Special thanks to Bartosz Matusik and the DLA Piper Poland for their essential role in our research on equity taxation in Poland! And a big thank you NASPP and Jason Mann, CEP for the stage :) #EquityCompensation #EquityTaxation #PolandEquity #QualifiedOptions #EmployeeBenefits #SliceGlobal #GlobalEquity

A big thank you to Scale Ireland for highlighting changes announced in the budget for tech companies and scale up companies! Increase the amount reimbursed in year one under the R&D Tax Credit scheme from €50k to €75k; Increase in the relief available under the Start-up Relief for Entrepreneurs from €700k to €980k; Doubling in the investment limits under the Employment Investment Incentive scheme (EIIS) from €500k to €1m; Increase in the lifetime limit on gains liable for reduced Capital Gains Tax (for Angel Investors in innovative start-ups and SMEs) from €3m to €10m (Note: new 16% for individuals or 18% through Partnerships announced in Budget 2024);  New relief for expenses incurred in connection with a first listing on an Irish or European stock exchange, subject to a cap of €1 million; Subject to state aid rules, introduce Stamp Duty exemption for Irish SMEs to access equity via financial trading platforms designed to support their funding needs; Enhancement of the section 486C small company start-up corporation tax relief; Commitment to consider the recommendations of the report on share ownership schemes and the review of R&D tax credit next year. You can read the full statement regarding the 2025 budget via this link https://lnkd.in/eZMMqtZn  

𝐒𝐮𝐩𝐞𝐫𝐜𝐡𝐚𝐫𝐠𝐞 𝐘𝐨𝐮𝐫 𝐒𝐭𝐚𝐫𝐭𝐮𝐩’𝐬 𝐑&𝐃 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐖𝐁𝐒𝐎 𝐒𝐭𝐚𝐫𝐭𝐞𝐫𝐬 𝐑𝐮𝐥𝐞! If you’re a startup working on innovative projects, the 𝐖𝐁𝐒𝐎 𝐒𝐭𝐚𝐫𝐭𝐞𝐫𝐬 𝐑𝐮𝐥𝐞 offers extra funding by allowing higher tax deductions on R&D costs. This can be a game-changer, especially if your costs are significant. 𝐇𝐨𝐰 𝐃𝐨𝐞𝐬 𝐈𝐭 𝐖𝐨𝐫𝐤? Under the regular WBSO scheme, companies can deduct 32% of R&D costs 𝐮𝐩 𝐭𝐨 €𝟑𝟓𝟎,𝟎𝟎𝟎, and startups can take this even further! With the 𝐒𝐭𝐚𝐫𝐭𝐞𝐫𝐬 𝐑𝐮𝐥𝐞, you can 𝐝𝐞𝐝𝐮𝐜𝐭 𝟒𝟎% of your R&D expenses—an 8% higher rate. For example, with €350,000 in R&D costs, a regular company would deduct €112,000, but as a startup, you can deduct €140,000. That’s an additional €28,000 in savings! 𝐘𝐨𝐮’𝐫𝐞 𝐞𝐥𝐢𝐠𝐢𝐛𝐥𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐒𝐭𝐚𝐫𝐭𝐞𝐫𝐬 𝐑𝐮𝐥𝐞 𝐢𝐟: • Your business is in its first three years • You’ve claimed WBSO for no more than two calendar years 𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐇𝐨𝐰 𝐌𝐮𝐜𝐡 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐘𝐨𝐮 𝐂𝐚𝐧 𝐆𝐞𝐭? Try our WBSO Calculator to instantly estimate how much extra funding you can unlock for your R&D projects! https://lnkd.in/g-w6BVjt

Thinking about starting a business in Spain as a self-employed? 👨💻👩💻 In this guide, our partners of Entre Trámites explain in simple terms how to register as a self-employed, the taxation system, the importance of accounting, social security, and the available benefits and deductions. Versión en Español: https://lnkd.in/d5-7n9AD https://lnkd.in/d3tKir3z #AutonomoEspaña #SelfEmployedSpain #Entrepreneurship #StartupBarcelona #StartupSpain #OneCoWork #EntreTramites

For those businesses out there looking to raise capital, did you know that there is a special class of companies that are eligible for certain tax incentives that the business can pass onto their investors. This can make investing in these businesses potentially more attractive than investing in other businesses. The class of companies are called Early Stage Innovation Companies (ESIC). Read my blog to learn more and see if you are eligible to call yourself an ESIC for your next cap raise

🚨 Updated Legislation Alert: Israel Changes Equity Incentive Plan Requirements 🚨 On September 17, 2024, the Israeli Tax Authority (ITA) introduced important changes to the Income Tax Regulations on employee equity allocation, effective January 1, 2025. The amendments introduce new requirements that companies must navigate. 🔍 Key Highlights: 🔸 Stock Plan Approval Process: Under the 102 trustee tax regime, companies must submit their incentive plans for approval to the ITA at least 30 days before granting any equity. One of the changes introduced by the ITA is the Appendix D questionnaire, which consists of 18 questions designed to ensure compliance with the ITA's interpretations. Notably, any changes to the award plan after submission that affect responses in this questionnaire will require resubmission, effectively treating it as a new incentive plan. For example, the questionnaire asks companies to specify vesting conditions and confirm that the shares to be allocated are ordinary shares without any call or put options and are not dormant shares. If a company's answers deviate from the ITA's accepted positions, it may receive a "Red Flag" notification from the ITA, prompting it to clarify its stance or adjust the incentive plan for approval. 🔸 Enhanced Reporting: Companies and trustees will now be obligated to submit quarterly (Form 146) and annual (Form 156) reports online within 120 days from the end of the relevant period. This change will make Equity allocation practices more transparent and accountable. 🔸 Upcoming Online System: The ITA will soon roll out a new online platform for submitting incentive plans and periodic reports, replacing the manual submission process. This initiative is expected to simplify compliance and improve efficiency. These amendments are designed to enhance the oversight of equity awards and ensure that companies adhere to established guidelines. As we approach the effective date, companies granting equity in Israel should prepare and stay informed about the upcoming changes. For more details and to discuss how these changes may affect your company, reach out to us at https://lnkd.in/d5egRW3k #equity #startupnation #Israelinnovation #AIStartups #cybertech #VentureCapital #FinTechIsrael #Legaltech #equitycompensation #compensationandbenefits #executivecompensation #GlobalEquity

🚀 Tax Tips for Startups! Starting a new #venture can be exciting, but navigating the tax landscape doesn’t have to be daunting. Here are our top 5 tax tips to help you save #money and stay #compliant: 1️⃣ Keep Detailed Records Maintain accurate and organized records of all your #income and #expenses. This will make it easier for you to file your taxes and claim deductions. 2️⃣ Know Your Deductions Familiarize yourself with the deductions available to #startups, such as home #office expenses, business-related #travel, and equipment purchases. Taking advantage of these can significantly reduce your taxable income. 3️⃣ Understand Your Tax Obligations Stay informed about your tax obligations, including local, state, and federal taxes. This includes registering for a tax ID and understanding sales tax requirements if applicable. 4️⃣ Plan for Estimated Taxes Many startups underestimate their tax #liabilities. Set aside funds regularly to cover estimated taxes to avoid surprises at the end of the year. 5️⃣ Consult a Tax Professional Navigating tax regulations can be complex. Partnering with a tax #professional can provide valuable #insights and ensure #compliance, helping you #focus on growing your business. For personalized advice tailored to your startup’s needs, reach out to us at AIMS Accounting & Tax Services at +971 56 750 1971 or email info@aims-accounting.com. Let’s make sure your financial foundation is rock solid! #Startups #TaxTips #AIMSAccounting #FinancialSuccess #TaxCompliance #Dubai #FTA #VAT #Corporatetaxes #Ajman #Abudhabi #Ajman #Sharjah #Accounting #Tax #Bookkeeping #UAEcorporatetax #Uaetax #Dubaitax #Dubaivat #UAEvat #Sharjahcorporatetax #Ajmancorporatetax #Abudhabicorporatetax #Taxaudit #LinkedIn #Business #Leadership #Marketing #Entrepreneurship #Technology #CareerDevelopment #DigitalMarketing #ArtificialIntelligence #Innovation #RemoteWork #Sustainability #FutureOfWork #Pakistan #Startup #Knowledge #Blogging #FinancialServices #Networking #Motivation #Innovation #Economy #Finance #Sales #Productivity #Future #Management

📢 Attention Entrepreneurs, Startups, and Business Owners! 🚀 The landscape of R&D tax credits is changing in 2024, and understanding these updates is crucial for your business. Here's what you need to know: 🔍 Key Changes to R&D Tax Credits for SMEs: Relief rate will decrease from 130% to 86% An annual cap of £20,000 will be introduced Credit rate reduction from 14.5% to 10% 🖊 R&D Expenditure Credit is increasing from 13% to 20% Understanding these changes can significantly impact your financial planning and R&D investments. 👉 Learn more about how these changes could affect your business and how to maximize your R&D tax benefits by reading our latest blog post. #RDtaxcredits #BusinessOwners #Startups #Entrepreneurs https://lnkd.in/g3H9wHdt

Great News for Startups and Angel Investors in Ireland! Exciting updates have been introduced that benefit startups and angel investors in Ireland. Here are the key changes: - Year-one reimbursement under the R&D Tax Credit scheme increased from €50k to €75k  - Start-up Relief for Entrepreneurs raised from €700k to €980k  - EIIS investment limits doubled from €500k to €1m  - Lifetime limit on gains eligible for reduced Capital Gains Tax increased from €3m to €10m (New rates: 16% for individuals, 18% for partnerships, as announced in Budget 2024)  - New relief for costs related to a first listing on an Irish or European stock exchange, capped at €1m  - Stamp Duty exemption for Irish SMEs accessing equity via financial trading platforms (subject to state aid rules)  - Enhanced section 486C small company start-up corporation tax relief  - Commitment to review share ownership schemes and the R&D tax credit in 2025 For more details, check out the full article: https://lnkd.in/ePUE8DiJ Thanks to Scale Ireland for preparing the report. Brian CaulfieldScale Ireland Martina Fitzgerald Jack Chambers

#fundingalert 💼Company: TaxDown 💰Funding: €5 Million  ⚡Round: New Round 👥Investors: Base10, JME Ventures Abac Nest 4Founders Capital TaxDown is a wise substitute for income. Their Spanish firm has brought a revolutionary digital solution to the market that guarantees the best outcome for taxpayers filing their income tax returns in an easy and straightforward manner. TaxDown has established itself as the greatest option to help taxpayers with their tax procedures, five years after its start in 2019. It is the benchmark business that files the greatest number of tax returns in Spain and has the most recognisable name in the tax industry. Jesus Monleon Enrique García Moreno Alvaro Falcones Muñoz Álvaro Icaza Ruiz Eva Rebagliato Celia Rodriguez Folco Battaner Civiletti Elisa Mañas Gutiérrez Read more - https://lnkd.in/gzQip7Js To share your startup story write us on - contact@startuprise.co.uk #TaxDown #Spanishfirm #revolutionary #taxindustry #funding #startupnews #fundingnews #news #startuprise