Our Florida Corporate Relocation sales team is 100% committed to facilitating corporate relocations, ensuring they occur without incident and as seamlessly as possible. The team's experience helps your employees' relocation because it understands and spots the common issues for Florida corporate relocations, before they become an issue to your employee. The team works around the clock for you and your employees, 24 hours per day throughout the relocation experience.
Employee Relocation - Tampa, Nationwide
Employee Relocation Services: Answers to the 7 most commonly asked questions.
At First Class Moving Systems, our goal is to provide the most comprehensive and dependable employee relocation services in the Southeast. Below are the most frequently asked questions from our clients. Don't see your question here? Please give us a call and we would be happy to help.
- How can I reduce my company's overall expenses associated with employee relocation?
Employee relocation benefit costs can be divided into two categories, Taxable and Non-Taxable. The greatest opportunity to further reduce overall expenses can be found in the taxable category of benefits, which includes real estate sale, and purchase costs that affect transferring homeowners. First Class Moving Systems, Inc. has strategic alliances with several of the industry's most comprehensive providers of global relocation services. Together we offer innovative solutions to a wide variety of clients with many different needs through established partnerships around the globe.
- What benefits do other companies like mine offer to their transferring employees?
Relocation benefit programs vary by industry type, culture and size. First Class offers Relocation Policy benchmarking and development FREE OF CHARGE.
- How is my company at risk when we pay for a rental truck for transferring employees that are required to move themselves?
Worker's Compensation statutes vary by state, but case law and many state statutes mandate that during the course or conduct of employer-designated tasks, the employer shall be responsible for personal injury resulting from those tasks. While First Class provides guidance and counseling on many relocation issues, we would advise discussing this issue with your company's legal counsel.
- What employee relocation expenses are taxable?
The Federal Tax Code states that when an employer directly pays or reimburses an employee for relocation expenses, all amounts paid must be reported as income to the employee on the employee's Form W-2. The only exception to this rule is amounts paid directly to the moving company by the employer for household goods shipment and costs associated with the final trip to destination. Household goods shipment charges must, however, meet specific IRS rules to qualify for deduction. We can assist in educating employees on filling out their Form 3903.
- Why should I choose a specific mover to assist in employee relocation?
Transferee distractions caused during a move can cost a company more in lost productivity, missed deadlines and lost recruiting opportunities than the savings found by either "shopping" for the cheapest mover or outsourcing to a company who is not qualified. Building a relationship with a qualified moving company that you can trust is the best way to go.
- What additional services are available for a group move or company expansion to a new city?
Planning a successful group move begins with a properly timed and positioned announcement. First Class provides corporate counseling and timelines to ensure clients the greatest return on their investment.
- Why should I enter into a direct relationship with a moving company?
Relocation companies or "third party" relocation providers are great at what they do, especially if you want your employees to get a guaranteed sale on their home at appraised values or assistance in securing temporary living, a new home or a mortgage. They also have a wealth of knowledge on how to acclimate people to a new city, how to find the best school districts, cultural training for ex-patriots, etc. However, they will markup moving services or charge a flat fee for administering the move. This is an unnecessary cost that may be able to avoid simply by entering into a direct agreement with a moving company.