Calculators: Tools You Can Use
With all the changes to tax laws and their effect on relocating and moving employees that have occurred over the past few years, it is more important than ever that mobility professionals have reliable tools to help them calculate the impact various aspects of their relocation policy, such as Gross Up, will have on their corporate budget. northAmerican is here to help. Below you'll find links to calculators that can help better estimate costs.
Companies that provide a lump sum relocation benefit to employees face special challenges in calculating the amount of taxes employees should be reimbursed for the "taxable income" they received (ie, the lump sum amount). Since the amount of tax owed must be calculated on a federal and, in some cases, state level, figuring the amount employees are due can take time and effort. Our easy-to-use Gross-Up Calculator turns this somewhat time-consuming task into a simple one.
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