Tax Consultants From BDO and Deloitte to Address International Tax, Mobility Issues and Chargeback Arrangements for Equity Compensation at ShareComp 2011

PLEASANTON, Calif., Feb. 14, 2011 /PRNewswire/ -- Equity Administration Solutions, Inc. (EASi), the leading independent stock plan management software company, is pleased to sponsor a free webinar entitled International Tax, Mobility Issues and Chargeback Arrangements at ShareComp 2011, a virtual conference addressing share-based compensation.

On February 23 at 12:00 EST, Pete Klinger from BDO will explain how to navigate the global tax complexities when mobile employees receive equity compensation.  Peter Simeonidis of Deloitte will discuss the pros and cons of establishing chargeback arrangements between US and foreign subsidiaries as a strategy for maximizing corporate tax deductions, repatriating cash and decreasing equity expense. A 30-minute live chat Q&A will immediately follow the presentation beginning at 12:30 EST.  

"Properly tracking mobile employees and calculating international taxes for equity compensation is no small feat," said Vito Palmieri, CEO of EASi.  "We asked two accounting consultants to share their knowledge to help stock plan and finance professionals comply with tax requirements and make the most of potential tax benefits."

BDO's Klinger will discuss the differences between US and international rules for establishing Fair Market Value, withholding and reporting.  He will also touch on income tax withholding issues, mobility tracking and variations in tax consequences of different awards. "The question of who owns the international taxation program is part of the challenge of effectively managing equity compensation in global companies," explained Klinger, Principal at BDO Seidman, "We often see US-centric plan designs that fail to take advantage of tax saving opportunities and create unnecessary administrative burdens."  Klinger will discuss how to avoid making common mistakes for managing international tax and mobility issues.    

Deloitte's Simeonidis will discuss the benefits and challenges associated with implementing chargeback arrangements in order to transfer the economic cost from the US parent company to foreign subsidiaries. He will address different cost allocation strategies as well as IFRS 2 implications.  "If your company is granting stock to overseas employees, you need to be fully aware of the current cost allocation methodologies in place, the corporate tax implications, as well as any potential tax impact to the employees.  We've seen companies miss out on millions in benefits because they have overlooked this tax strategy, and we have seen companies risk penalties from not having strict controls and procedures when executing this global allocation." explains Simeonidis.

The joint presentation will be recorded and available for viewing on demand for ShareComp 2011 attendees and registrants. A live chat will be held at 12:30 EST on February 23, 2011.  To register free of charge to attend the event use EASi as the pass code. Registration lets you access conference content for a full year so you can attend anytime that is convenient for you.

Equity Administration Solutions, Inc. www.easiadmin.com is the SaaS company that set the standard in stock plan software with its comprehensive industrial strength platform that handles all the accounting, tax, administration and compliance  needs of companies that grant equity awards. Headquartered in Pleasanton, CA, EASi serves more than 600 companies  and continues to lead the industry with second-to-none solutions in areas including FAS123R, IFRS 2, Performance Awards , material modifications and WorkStream process automation. In 2010 Inc. Magazine ranked EASi 35th in the Financial Services industry segment and in the top 12% on its annual list of fastest growing private companies in America.    

SOURCE Equity Administration Solutions, Inc.