If you’re fortunate enough to get company stock, here’s what you need to know. Restricted stock options are a form of compensation that is granted to employees as an incentive to do their job well so that the company will grow and increase in value.
Interactive Wealth Advisors offers financial planning for small business owners in Portland, as well as individual tax planning and retirement planning with a personalized approach to help you take control of your future.
Restricted stock units (RSUs) are a popular form of equity compensation. But they come with additional tax implications beyond the usual risk of losing money if the stock price falls. Unless you plan ahead, you might trigger large capital gains taxes and more tax obligations in the long run.
Looking for a financial planner who can help you take control of your financial future? Look no further than Interactive Wealth Advisors! Our experienced financial planners and wealth advisors in Portland are ready to lay out the core issues in financial planning, from RSU stock tax withholding to tax planning to prevent mistakes.
We provide solid advice on the best times to sell stock units and estimate tax payments to help you navigate issues relating to current share prices and future fluctuations.
RSUs are a great way for companies to incentivize employees and reward them for their hard work and dedication. But, without planning, you could end up paying a hefty sum in taxes when the shares are delivered.
Here are the best practices for Restricted Stock Units tax planning
RSU tax planning is for employees who receive RSUs as a form of compensation for staying with the company for a specified period of time. Employees who have RSUs will have a variety of factors to consider before the vesting period comes. These factors could include current financial needs, significant life events, or other circumstances. Employees who receive RSUs will also have the option of selling the stock if it is unvested.
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