If my payment is considered compensation, will there be income and/or payroll tax withholding?

Yes, if your payment is considered to be compensation, which is often the case for payments made in respect of incentive stock options for example, your payment is likely subject to applicable income and/or payroll tax withholding deductions. In some cases, the payroll department for the company will make these calculations prior to issuing your payment. Whether SRS Acquiom has information about the withholding calculations depends on our role in your transaction. If we are shareholder representative only, we are not likely to have this information. If Acquiom® Compensation Payments has been selected to administer payments, then we will be making these calculations and will have the information.

Click here for a typical release payment timeline.

If you have any questions, please contact us at support@srsacquiom.com.

 

Posted in: Clients: Payment Information