Global mobility programs play a vital role in supporting business growth and talent strategies. As companies navigate an interconnected world, the complexities of managing cross-border assignments, transfers, and business travel have grown significantly. Heightened regulatory scrutiny, evolving compliance requirements, and financial pressures continue to push organizations to refine their approaches to managing mobile assignments.
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The IRS recently made important changes to the Child Tax Credit which will enable many families to receive advance payments of the credit starting July 2021. Here is what you need to know about the 2021 Child Tax Credit and its impact on your mobility program.