In our globalized business landscape, international assignments remain a cornerstone of talent management strategies. And the responsibility for HR and mobility program professionals to orchestrate seamless transitions for employees stepping into roles on foreign soil is pivotal. The success of these endeavors hinges on a multitude of factors, including strategic planning, resource allocation, and policy implementation.
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The Securities and Exchange Commission (SEC) has introduced a new rule that significantly impacts the settlement process for popular equity plans offered to employees, such as stock-settled Restricted Stock Units (RSUs) subject to tax withholding, and stock option/stock appreciation right exercises involving same-day sales. Effective May 28, 2024, the settlement cycle will be shortened from two business days after the transaction date (T+2) to one (T+1).
In today's global economy, business travel is an essential part of the job for many individuals. Employees regularly cross borders to attend conferences, meet clients, explore investments, and more. For employers, managing the tax compliance needs of their business travelers can be complex as each country has unique requirements that must be understood and followed.
This article was originally published in Training magazine.
Why does duty of care training need an update in the age of remote work?
Most business leaders realize remote and hybrid work have significantly transformed the way organizations operate. However, amid this shift, one critical aspect that often goes unnoticed is the need to address the duty of care training and safety measures concerning remote workers’ tax compliance obligations.
Tax season can be a challenging time for mobility managers who are responsible for ensuring their globally mobile employees navigate the tax filing processes seamlessly. With complex international tax laws and filings, it's crucial that both employers and employees stay informed and be proactive when it comes to global mobility tax compliance.
Our 11th annual Beards and Braids for Busy Season (BBFBS) campaign has begun!
For more than a decade, our annual BBFBS campaign has successfully raised over $41,000 for various nonprofit organizations, including AdoptAClassroom.org, Canines for Disabled Kids, International Rescue Committee, Move For Hunger, and No Kid Hungry. What initially started as a way to add some fun to the tax busy season, our BBFBS campaign has evolved into a significant annual event that offers crucial support to nonprofit organizations around the world.
