Relocation Reporting | Relocation Tax Reports | KinetixRelo
Apart from employee experience and cost, relocation program performance and relocation tax reporting is the most critical effort in keeping your domestic U.S. and global talent mobility program running well. Given the vast amount of data generated from employee surveys, vendor invoices, relocation program expense, feedback, and markets, there are many ways you can leverage the data your relocation program provides.
Kinetix can provide comprehensive program reports including global tax reporting, tax compliance reporting, employer tax reporting for internal/payroll and external use, and talent management and employee workflow reporting to effectively gauge where you have been and plan where you are going.
Relocation Report | Relocation Program Reporting
Kinetix’s global assignment management system is the most effective relocation reporting tools and data generator available in mobility program management today. With options to apply filters for the most detailed analytics, the ad-hoc reporting options are easy to use and available to all of our clients. If you’d prefer that Kinetix create your relocation reporting dashboard, reports, and scheduled output, we can set it all up during your program implementation phase. It’s your data-let Kinetix make using it more easy and effective.
Relocation Tax Report
Employer-paid relocation expenses are managed through Kinetix’s expense submission process, either through submission of hard copy materials or through our mobile expense submission app. During each client implementation, we walk through the expense submission process, setting the system up for inclusion of preferred relocation tax withholding methodology (including preferred rate and “gross up” or tax assistance methodology), ensuring that appropriate relocation tax allowances and deductions are applied. Reporting relocation expenses at year end through our system-generated Relocation TaxReport is accurate and easy, minimizing the need for corrective W-2’s and re-runs.
Global Tax Compliance Reporting | Employer Tax Reporting
In the same manner, each client’s international expense management and global tax compliance withholding processes are set up at implementation. In addition, we provide resources for country-specific hypothetical tax estimation, Cost of Living Analysis, and tax calculation in accordance with country-specific tax protocol.