The Florida corporate relocation sales team at First Class Moving Systems is 100% committed to facilitating corporate relocations, ensuring they occur without incident and as seamlessly as possible. Our team's experience in the industry helps to streamline your employees' move by giving us the ability to spot common issues during corporate relocations—before they become a problem for you or your staff. At First Class, we work around the clock for you and your employees, and you can rely on us to deliver 24/7 support throughout the relocation experience.
Employee Relocation Services: Answers to Common Questions
The goal at First Class Moving Systems 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 best way to 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 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 you could avoid simply by entering into a direct agreement with a moving company.