Category: Servicengine Today
FICA Payroll Tax Withholding Changes
A memo has been sent from the Office of the President to the Secretary of Treasury that states if an individual earns up to $104,000 annually, they may elect to defer their FICA payroll tax withholdings from Sept 1 through Dec 31st 2020.
Canadian Income Tax Extension
Canada’s Income Tax deadline for 2019 income taxes has been extended to September 30, 2020. The Canadian Revenue Agency (CRA) and Revenu Québec have extended the income tax payment deadlines for individual, corporation, and trust income tax returns.
Chinese Government Taxes Expats
Chinese government announces that it will start taxing overseas expats up to 45% on worldwide income. According to Bloomberg, China tax authorities have begun tracking down some of its citizens living abroad. Expats who have never had to pay taxes on overseas income are being caught by surprise.
Covid-19 Impact on Global Mobility
The Covid-19 pandemic of 2020 has made a huge impact on the world’s economy, and global mobility is no exception. Employees on short or long-term assignments are having their assignments extended, temporarily returning home, or going to another location.
Servicengine Introduces Expense VeriFi
Expense VeriFi is transformative technology that lowers the cost of delivering mobility services. VeriFi streamlines expense processing using Intelligent Automation. Employee expense reports and supplier invoices are scanned by a series of customizable validations. The audited report is returned in seconds. Non-compliance is identified and questionable items are flagged for review. VeriFi focuses your expense analysis on the items that need attention.