As we all struggle to keep up with the impact of COVID-19, the changing rules, and the lack of guidelines, we wanted to share a few tips that have been beneficial for our clients with mobility programs. Here is a mobility tax checklist of considerations to think about as you work to determine next steps for your mobility program and your mobile employees.
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Trying to keep up with the communications, news feeds, briefings, and information related to the current global COVID-19 pandemic makes this already stressful situation even more challenging. But being “in-the-know” is necessary to ensuring your mobility program continues to run smooth and your mobile employees understand the potential impact to them while on their mobile assignments. Our team here at GTN has been monitoring global tax activity and information related to COVID-19 and we recently created a COVID-19 tax resource center to share information that may impact you, your mobility program, and your mobile employees.
With the challenges we are currently facing around the globe, organizations like AdoptAClassroom.org are essential in keeping education available for students, parents, and teachers. We are proud to be partnering with them for our seventh annual Beards and Braids for Busy Season campaign—raising awareness and funds to provide COVID-19 relief for educators and their students.
To say these are unprecedented times would be something of an understatement. GTN, along with our friends and affiliates in the mobility industry, was built on the movement of human capital around the globe for business. To date, the worldwide spread of the coronavirus (COVID-19) is proving to be the exact opposite with countries shutting borders, banning travel, and restricting social interaction.
Sending business travelers on tax-equalized assignments around the globe often makes good business sense, but how to account for the tax costs associated with assignments can be challenging. To ensure incremental tax obligations don’t take you by surprise, it helps to have a process in place so you’ll be prepared for the additional expenses your mobile workers trigger along the way. To do this, many companies implement an accrual solution.
GTN’s seventh annual Beards and Braids for Busy Season (BBFBS) campaign is underway!
For us at GTN, busy season means more than just preparing tax returns. It is a time for our team to come together, have fun, and support a cause for the greater good.
