It happens all the time. Your company has a mobile workforce in multiple locations, and you realize you need help with the mobility tax complexities that come with having employees working outside their usual work location. So, you reach out to a well-known large accounting firm offering an impressive list of services and experts who may already be doing your corporate tax work. You know they can handle the number of mobile employees you have, and you are pretty sure they won’t mess things up because they have been doing this for decades. But somewhere along the line you realize your provider may be a bit too big for you and you aren’t getting the white-glove service you expected.
COVID-19, current travel restrictions, and government and business shutdowns have certainly made it difficult for many mobile employees to carry out “business as usual.” This can be particularly true for employees that were on a short-term or long-term assignment prior to COVID-19. Because of safety considerations or travel restrictions, two common scenarios that have emerged from the COVID-19 pandemic include:
Mobility program managers are continuously having to evolve and adapt to new circumstances, and are doing so now more than ever. Additionally, mobility programs and program managers need to remain flexible as COVID-19 continues to impact the world. Both companies and their employees are adapting to this “new world” and finding a new work-life balance while governments are continuing to make decisions to provide economic stimulus and stabilization.
As we all struggle to keep up with the impact of COVID-19, the changing rules, and the lack of guidelines, we wanted to share a few tips that have been beneficial for our clients with mobility programs. Here is a mobility tax checklist of considerations to think about as you work to determine next steps for your mobility program and your mobile employees.
Four out of ten clients in the Moore Global Network believe the biggest impact of the COVID-19 pandemic will be changes in the way staff work in the future, while more than one-third expect to make more use of technology when normal life resumes.
The findings are part of a global survey that also revealed the impact the pandemic is having on business generally, the level of government assistance available, and the hard business decisions clients are taking to ensure they emerge fit enough to take advantage of opportunities.
Trying to keep up with the communications, news feeds, briefings, and information related to the current global COVID-19 pandemic makes this already stressful situation even more challenging. But being “in-the-know” is necessary to ensuring your mobility program continues to run smooth and your mobile employees understand the potential impact to them while on their mobile assignments. Our team here at GTN has been monitoring global tax activity and information related to COVID-19 and we recently created a COVID-19 tax resource center to share information that may impact you, your mobility program, and your mobile employees.