A global mobility program can offer significant value to a company, not only because of the business opportunities it presents, but also because it helps to attract and retain quality talent. However, to remain in compliance with the rules and regulations of various countries, a well-run global mobility program needs accurate, timely administration and bookkeeping. Working with a global
Due to increased globalization and cross-border projects, a growing number of companies are sending employees on short- and long-term global assignments. While this offers benefits for both employers and employees, it also makes payroll, as well as income and tax reporting, much more complex. This is further complicated because global assignments include relocation-related benefits that may or
We will be attending and/or sponsoring the following upcoming events. If you’re attending, look for us and say hi, because it's a great opportunity for us to stay abreast of the latest global mobility trends, as well as develop and strengthen trusted partnerships. New England RELOCATION Association March MEETING Date: March 8 Location: Four Points Sheraton, Norwood, MA Attendee: Pete Larkin
Designing a core-flex policy takes time and work. Nevertheless, by committing to creating a comprehensive program from the start, making periodic updates and adjustments becomes easier. It’s advisable to establish several factors up front: Competitive Core-Flex Policies in Specific Industries HR departments and mobility managers should begin by researching what their competition provides in terms
The Olympics are a global showcase of the world’s best athletes, and in recent years the Games have steadily become more inclusionary in service of that ideal. It has become increasingly common, for example, for Olympians to hold citizenship in and represent countries other than the ones they were born in. There are any number of reasons athletes adopt new homelands, but the overall effect is
Tax reforms in 2018 will have an impact on deductions and property taxes. Here is a brief summary of the primary changes. Please note that individuals should always consult their tax advisors. Moving Expense Deduction As of January 1, 2018, movement of household goods, storage and final move travel are taxable to transferees. With the elimination of the moving expense deduction, the "50 mile",
Thinking about changing your relocation program or just curious about what other organizations are doing? Each month, we'll feature a short survey and share our findings of the previous month's survey. Below are the results for October's survey and this month's survey questions. December Survey Results 1. Does your company process mobility-related tax matters in-house or do you out-source?
We will be attending and/or sponsoring the following upcoming events. If you’re attending, look for us and say hi, because it's a great opportunity for us to stay abreast of the latest global mobility trends, as well as develop and strengthen trusted partnerships. Corporate Relocation Council of Chicago Meeting & Annual charity Auction Date: February 8 Location: McDonald's Hamburger
With an increase in global mobility, organizations are looking for ways to create flexible and affordable relocation packages. In fact, recent research shows that 88 percent of companies are incorporating aspects of core-flex policies into their mobility programs. But what are core-flex policies exactly, and how can they benefit both employees and employers? What is a Core-Flex Policy? A
CapRelo has been closely following the changes to the U.S. tax laws and advising clients on the best ways to adjust policies. The IRS is currently reviewing the changes to determine how to implement them, and we will update this information when the IRS finalizes and confirms their implementation plans. The new U.S. tax bill passed through Congress and has been signed into law by the President.