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Global Compensation Services and Benefits
Tax laws often require that citizens deployed on international assignments pay taxes in their home or host country, regardless of whether or not the income was paid directly to, or on behalf of, the individual in either of the jurisdictions. Potentially, these payments can be delivered from various sources, such as multiple payroll systems, accounts payable, and third-party vendors, and in multiple currencies. Ultimately, these payments must be compiled in a central location and single currency for tax compilation and reporting purposes by the client company’s tax provider. Our global compensation technology, combined with customized process flows and production reporting, provides the following benefits: reduction in number of W-2 forms (or equivalent) issued and resulting amended tax returns filed; reduction in late filing and underpayment penalties assessed by the IRS (or equivalent) home or host country taxing authorities; greatly facilitate the annual tax true-up process and cash flow; and enhance the ability of the company, from a corporate tax perspective, to plan and claim tax relief and other compensation and benefits that otherwise may not be available.
Client Program Administration
FLAGSHIP has the capacity and competence to be a Relocation Outsource Provider or to administer any part of a relocation program. With our international relocation service capabilities, we bring experienced, hands-on people to the table with a culture built on customer bias and excellence. We are a true ‘one-stop shop’ where a single point of contact is a reality.
Relocation Program Benefits
- Decrease in administrative workload, thereby improving internal resources
- Shorter turnaround time due to dedicated ‘corporate team’ structure
- More value-added services through the expertise of a best-in class supplier
Relocation Program Components
- Policy Administration
- Outsourcing
- Total Program Management
- Group Move Coordination/Management
- Expense Administration
- Travel Coordination
- Tax and Legal Assistance
Worldwide Moving
FLAGSHIP are worldwide moving specialists and are recognized as a quality leader in the industry. Our Relocation Managers are highly trained, experienced household goods forwarders, and the entire household goods moving process is managed in-house. From the initial survey through to wrapping, packing, storage and shipping, highly trained, full-time employees of FLAGSHIP can manage your move from/to anywhere in the world whether that move is intra Asia, intra Europe, intra North America or International. Our global relocation services are fully customized to each client’s needs. We have the capability to store household goods in hundreds of countries all over the world, and we already do so for the majority of our clients.