How are you paying your tax bill?
And as a Microsoft Employee, you probably feel tired of paying too much tax each year.
You lodge your tax return and get lumped with a nasty bill.
After the anger subsides, you scramble around, trying to find the money to pay for the bill within the two weeks your Accountant gave you to pay (that’s another article for another time…).
You realise you don’t have thousands of dollars lying around under your bed and so go to the one thing you know you can access.
Your Microsoft shares.
You know you have a parcel that just vested and is almost the exact amount of money you need.
And you are just in the window of when you can sell them.
You push the button and feel relieved that the problem is sorted.
Thing is, you have just created a future problem for yourself.
Next year, your tax bill will be higher as you have just created a capital gain event by selling the shares.
This gain will incur an additional amount of tax and therefore next years bill will be even higher than this years!
That wasn’t the best idea…
Joe did this.
He saw his tax increasing each year through his Employee Share Scheme.
Then he got this tax bill each year.
He hadn’t put money aside for the tax bill, so just sold some of the Microsoft Shares he owned.
They had gone up in value, so he wasn’t too worried.
Then, his tax bill kept increasing.
He asked around at work to see what his colleagues were doing, but they all were doing the same thing.
One day, Joe had a chat with a friend who had worked with a Financial Adviser who had an Accountant within his business.
They had worked out a strategy to save Joe’s friend thousands in tax and even start to put money aside for the next years tax.
This sounded amazing!
Want to know the strategies so you can implement them?
You can for FREE.
We will also send you a bonus Microsoft Share Scheme Scorecard.
This Scorecard helps you have all of your Microsoft Shares in one place, estimate your tax on each parcel and provide clarity on how much you need to put aside for future years.