MSI’s tax and payroll professionals support our clients’ domestic relocation financial requirements by providing comprehensive payroll and gross up/tax assistance support. Our relocation compensation services team, working in tandem with our expense management services, will audit, review, and compile all U.S. domestic and Canadian domestic expenses (those paid by MSI) and report these items to our client’s payroll departments on a pre-defined schedule.
We typically recommend provision of all MSI-paid items on a pay cycle basis, thus keeping clients in compliance with current reporting requirements. This reduces potential penalties and interest for late reporting as well as the number of W2Cs that may be required at year end.
Our tax and payroll professionals will calculate gross up/tax assistance calculations based on client policies and will provide recommendations if a client has not established a standard process. MSI will also provide payroll withholding calculations and reporting for lump sum payments. Our comprehensive solution provides our clients with a compliance-driven process and timely, accurate, and comprehensive information.