This section includes a snapshot of recent news around the industry as well as what Servicengine currently has in the works.
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.
What’s the Financial IQ of your Technology?
Join Servicengine in Boston at Worldwide ERC’s Innovation Lab on Thursday, October 17th, at 9:00 a.m. as we explore the latest in intelligent automation. Discover the Servicengine Financial Core and learn how a data-centric rules engine can drive productivity, from budgeting to billing.
Servicengine Sponsors “Let Us Build” Initiative
Servicengine participated this week in a charity golf event as a hole sponsor at the 4th Annual Restoration Family Worship Center Golf Outing, featuring the New York Yankee’s Hall of Famer Mariano Rivera.
Global Payroll Management Complexities
Companies face the challenge of shaping their organization to meet the demands of a growing multi-national workforce. The structure and management of global payroll is one of these challenges.
Career Day 2019
Ms. Yesmin Aponte, the Director, Business Development, was invited to present at Career Day 2019 for the high school students of Manalapan High School in Manalapan, New Jersey.
FEM EMMA Awards 2019 Shortlist
Servicengine is happy to share that we have been selected for the shortlist for the Forum for Expatriate Management EMMA awards for the second year in a row. We are up for an award in for Most Innovative Use of Technology in Global Mobility – Assignee Management.