Domestic Relocation Financial Solutions
Domestic Relocation Financial Solutions
END TO END
PEACE OF MIND
InterLink provides seamless workflow from the cost estimate to the coordination of relocation services, payroll data, reconciliation, and reporting.
Expert expense management, multiple funding options and gross-up calculations all work together to deliver for reporting necessary for efficient program administration
Consistency, accuracy, and compliance – it’s what everyone needs.
Consolidated invoicing saves valuable time and policy-driven technology for Cost of Living analysis.
Expense management is central to the successful domestic relocation program. This includes having the necessary expertise to review, audit, and process multiple transferee reimbursements, policy benefit payments, and direct bill supplier payments. Transferees submit expenses for reimbursement using our intuitive GlobalLink® platform or via the Mobile App. GlobalLink® is a centralized data repository so that all information is housed in one secure cloud-based platform. Employing a consolidated invoicing strategy to further relieve client workload. We help clients stay focused on what is important.
Audit employee expenses to ensure compliance with the policy. Audit supplier invoices to ensure adherence to authorized benefits, contract terms, and appropriate services & fees.
Process payments via secure banking preferences. Weekly disbursement to the transferee, no waiting for client funding required. Payment in multiple currencies is available.
Track expenses with timely and accurate reporting. Partner with payroll(s) and tax partners to provide reporting. Regular reviews for cost analysis, benching marking, and budging trends.
InterLink has multiple funding models available and we are equipped to fund relocation expenses. 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.
Cost Estimating Tools
InterLink has the tools to provide a cost estimate for each relocation under consideration. Projection and understanding of the financial impact are important steps 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
- Policy-driven tool and calculation
- Estimates tool for in-country U.S. or Canada relocations
- Includes updated rate data for housing, travel, household goods shipping, policy payments, and tax gross-up calculations
Lump-Sum Calculator for U.S. and Canada
- Empowers employees to manage the move
- Easy to use and relieves the burden of processing reimbursements
- Combines millions of current statistical records and is policy-driven
Gross-up Management / Year-end Reporting
The tracking of relocation-related expenses and calculation of the applicable tax gross-up per the Company methodology is critical. 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.
Payroll Instruction and Reconciliation
InterLink’s team designs custom gross-up calculations and reports to payroll to meet the needs of our clients. Working with tax providers for international assignees and cross-border relocations, InterLink coordinates the data reporting needed for the tax equalization process.
At year-end, Relocation Tax Reports (RTR) are provided to the domestic relocating payroll departments for distribution. This will assist the transferees in understanding what relocation-related payments have been paid to them or on their behalf. For US relocations, this document should be used to complete Form 3903, which is a part of the US Income Tax Return.
Cost of Living Allowance (COLA)
A Cost of Living Allowance (COLA) is a compensation tool that is used to address variances in local compensation plans and to offset the higher cost of living in a new work location.
Relocating within the same country can reveal the material regional cost of living differences. A COLA allows an employee to soft-landing 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.
From informative white papers, current events, and trending blog discussions—our resources provide you with relocation and global mobility information at your fingertips.
The InterLink team are proud members of many industry associations, attending events regularly. This involvement allows us to stay current with industry trends, innovations, and legislation.
The InterLink team, leading corporate relocation and global mobility professionals, and industry partners discuss key topics that are impacting the relocation and global mobility space today.
Dive into the discussion of trending topics, events, and legalities that are affecting the relocation and global mobility industries.
InterLink is truly invested in our success. 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 our employee
I like everyone I work with at InterLink – personally and professionally. They are good people with good intentions who show their appreciation for our business, every week, and every day. We help each other.
My first meeting with InterLink convinced me there was something better, and we made the switch to InterLink. InterLink proactively considers our needs to provide solutions and maximize results for us, and most importantly, our employees.
Our company was faced with changing relocation vendors due to the poor customer service level. When reviewing Interlink’s proposal and touring their site, I was impressed. However, I still had concerns about their size as it relates to managing national and global projects. Erroneously, I thought a relocation company had to be a well-known, to handle national and expatriation relocations. After two years into our contract, Interlink’s performance has exceeded my expectation. • Their service is cost competitive • Their customer service levels are highly responsive • They provide recommendations and guidance based on market trends • They customized relocation plans to meet our business strategies • Most importantly, they handle the entire relocation process in a seamless fashion.
One of the best aspects about InterLink is that they accommodate our specific needs. Once they understand what’s involved, InterLink develops the best solutions for the company AND the employees, minimizing stress for everyone.