Questions On Employee Relocation Services in Texas
How can I reduce my company's overall expenses associated with employee relocation?
Employee relocation benefit costs can be divided into two categories, Taxable and Non-Taxable. The greatest opportunity to further reduce overall expenses can be found in the taxable category of benefits, which includes real estate sale, and purchase costs that affect transferring homeowners. Daryl Flood has strategic alliances with several of the industry's most comprehensive providers of global relocation services. Together we offer innovative solutions to a wide variety of clients with many different needs through established partnerships around the globe.
What benefits do other companies like mine offer to their transferring employees?
Relocation benefit programs vary by industry type, culture and size. Daryl Flood offers Relocation Policy benchmarking and development FREE OF CHARGE.
Is my company at RISK when we pay for a rental truck for transferring employees that are required to move themselves?
Yes. Workman's Compensation establishes that during the course or conduct of employer-designated tasks, the employer shall be responsible for personal injury resulting from those tasks. While Daryl Flood provides guidance and counseling on many relocation issues, we would advise discussing this issue with your company's legal counsel.
What employee relocation expenses are taxable?
The IRS tax rules state when an employer directly pays or reimburses an employee for relocation expenses, all amounts paid must be reported as income to the employee on the employee's Form W-2. The only exception to this rule is amounts paid directly to the moving company by the employer for household goods shipment and costs associated with the final trip to destination. Household goods shipment charges must, however, meet specific IRS rules to qualify for deduction.
Why should I choose a specific mover to assist in employee relocation?
Transferee distractions caused during a move can cost a company more in lost productivity, missed deadlines and lost recruiting opportunities than the savings found by either "shopping" for the cheapest mover or outsourcing to a company who is not qualified. Building a relationship with a qualified moving company that you can trust is the best way to go.
What additional services are available for a group move or company expansion to a new city?
Planning a successful group move begins with a properly timed and positioned announcement. Daryl Flood provides corporate counseling and timelines to ensure clients the greatest return on their investment.
