Comprehensive Relocation Financial Program Solutions for Peace of Mind
InterLink provides a seamless workflow from the cost estimate to the coordination of relocation services, payment of benefits, expense processing, payroll tax calculations and data, reconciliation, and reporting.
Expert expense management, ability to make payments in multiple currencies, and gross-up calculations all work together to deliver the reporting necessary for efficient and compliant program administration.
Accurate invoicing saves valuable time. GlobalLink® provides an innovative and secure system to record, track and monitor relocations and assignments- it makes reporting and invoicing seamless.
We have the necessary expertise to review, audit, and process transferee reimbursements, policy benefit payments, and direct bill supplier payments.
Transferees submit expenses for reimbursement using our intuitive GlobalLink® platform or via our mobile application called Voyager Assistant. GlobalLink® is a centralized data repository so that all information is housed in one secure cloud-based platform.
Employing a per transferee consolidated invoicing strategy to further relieve client workload. We help clients stay focused on what is important.
Steps in our invoicing process include:
Time-sensitive payments need to require expenses such as home sale equity, van line, tax services, and employee/vendor reimbursements. We combine the speed of automation with our expertise to offer reliable and efficient payment processing services.
Understanding of the financial impact with a cost projection is an important step for domestic relocation.Making relocation easy – it’s what we do. By way of efficient and intuitive technology and our expertise, Companies have accurate data for establishing budgets.
Domestic Relocation for U.S. & Canada
Lump-Sum Calculator for U.S. and Canada
GlobalLink® allows for the gross-up calculations of all taxable relocation expenses paid to the transferee or on their behalf.
Gross-up calculation methods vary, and our in-house expertise ensures the company-selected methodology is applied to all payments. By maintaining our gross-up engine with the latest tax law changes, companies save time and money with built-in accurate tax calculations for 90+ countries including state and local taxing authorities. Proper tax treatment is key to managing a compliant program.
At year-end, Relocation Tax Reports (RTR) are provided to either the domestic relocating employees or payroll department for distribution. The RTR will assist the transferees in understanding the relocation-related payments have been paid to them or on their behalf and the employer-provided tax assistance (gross-up). For US relocations, this document should be used to complete Form 3903, which is a part of the US Income Tax Return.
Relocating within the same country can reveal the material regional cost of living differences. A COLA allows an employee to soft-land into a higher cost of living experience and are typically provided over a specific term, in reducing amounts. InterLink consults with clients to develop a cost of living policy and qualifying criteria.
Working with data service providers that are industry leaders, InterLink aids in customizing the indexes to reflect Client policies. InterLink’s attention to detail approach including embracing our own data, results in avoiding excessive payments.
Free White Paper
Discover the secrets to seamless tax gross up and gain valuable insights into this essential relocation process. Learn how to effectively calculate and manage tax gross up to ensure a smooth and worry-free transition for you and your employees.
Relocation is complex and stressful, but it doesn’t have to be! Reach out and we’ll be in touch to schedule a 15 min, no-obligation conversation to hear more about your company relocation needs.
Once they understand what’s involved, InterLink develops the best solutions for the company and the employees, minimizing stress for everyone.”
The outcome has been an excellent alignment between the company’s needs and those relocating. We are happy to be part of the InterLink ‘family’. More importantly, so do our employees”
They always went above and beyond to understand our needs to provide guidance and to find the right third parties to work with. I would highly recommend other companies to use Interlink Relocation Resources.”
Whether your current policies are years old, or you’ve never established them at all, ineffective relocation plans can dramatically hurt your business through lost income and talent.
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Master the art of seamless tax gross up with InterLink Relocation Resources. Download our free whitepaper, "Best Practices for Tax Gross Up," for valuable insights on effectively calculating and managing this crucial relocation process. Ensure a smooth and worry-free transition for you and your employees. Get your copy today!
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HR Live! is planning another exciting event on May 14, 2024. Plan to join us to watch the Atlanta Braves take on the Chicago Cubs. At InterLink Relocation, we strive […]
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