At the end of every year, we try to share as much tax information as possible so that HR, payroll and relocation managers know what to expect in the coming year. This year, INEO has been kind enough to share with us a side-by-side comparison of 15 Federal Taxes and Gross-ups for years 2014 and 1015. As such, we want to share it with you. A very special thanks to David Oltman for providing us with this crib sheet. To read more about relocation tax, please take a spin through David’s other blogs here, including this year’s Top 15 Payroll and Relocation Tax Issues for 2014. Comparison tables are after the jump, but for a printable version, please visit: 15 Federal Taxes and Gross-ups.
Back in September I attended the Southeastern Regional Relocation Council fall conference, one of my big relocation industry conferences and events. The whole event was a great learning experience, but one session in particular stuck with me. Heather Post from Etiquette Seed presented a session titled “Business Etiquette.” Her humorous style and high quality information regarding the importance of networking made for an incredible session. With holiday parties approaching and new goals being set, I thought it’d be great to take what I learned from her, and spread some helpful networking tips for everyone, in any industry.
Every year, we have tax changes that we need to know about in order to give our clients and their transferees the tools they need to account for their year-end tax situation. This year, however, it’s important to note that there is so much going on when it comes to relocation taxation and payroll that human resources, third party relocation companies and transferees should be taking the time now to understand the nuances. If you are in HR, and you have a relocation tax policy that is more than a year old, you should consider it outdated, possibly irrelevant.