Abstract: TAX ACCOUNTING CONSIDERATIONS FOR STOCK OPTIONS AND EQUITY AWARDS
This research explores tax accounting considerations for stock options and equity awards in Kaduna. The study's objectives are to understand the tax implications of stock options and equity awards, assess the challenges in tax accounting for these instruments, and evaluate strategies for effective management. A survey design was used to gather data from 200 financial managers and HR professionals, calculated using Taro Yamane's formula. A case study of a technology firm in Kaduna provided comprehensive insights. The reliability coefficient score of the survey instrument was 0.84. Findings indicate that tax accounting for stock options and equity awards is complex, with challenges including varying tax treatments and compliance issues. Recommendations include simplifying tax regulations for stock options and equity awards and providing more guidance and training for financial managers and HR professionals.
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