Policy Tax Consulting
Mobility tax is complicated. And given all the other knowledge areas mobility professionals are responsible for staying on top of, the latest regulations can be daunting. That couldn’t be more true with the passage of the Tax Cuts and Jobs Act causing all companies to review their policies and policy language. But that doesn’t mean you’re off the hook on accuracy and compliance.
We have a solution. Ineo Tax Services offers global mobility policy tax consulting to corporations and relocation management companies, providing expert level review to ensure their mobility policies are in complete compliance with current federal, state, local, Social Security and Medicare payroll tax and withholding laws. This line-by-line, or policy-by-policy, review looks at each individual component from a tax compliance perspective and offers guidance on necessary revisions.
We’ll make sure that each and every expense category an assignee or transferee might incur is tax coded correctly within the policy. We can also review and revise your gross-up policies, for while these policies may seem similar to payroll withholding laws, there are significant differences.
Consider the many potential permutations. Moves from the US to anywhere in the world are treated as international assignments, yet moves from anywhere into the USA are treated as domestic. And treatment of moves into the US by employees from other countries – typically referred to as “foreign local hires” – are particularly complex and prone to be out of compliance. Then of course there’s the difference between a traditional relocation with intent to stay in the new location indefinitely or for more than one year, and the temporary assignment, with initial intent to stay less than one year. Based on the different types of moves or assignments, very different payroll tax withholding regulations apply as do very different gross-up policies.
We know that ensuring compliance is no small feat, but we’ve got your back. Our Policy Tax Consulting service gives you the confidence that your program is completely compliant so you can get back to focusing on the employee experience.