Relocation News and Trends
NuCompass keeps you up to date with the latest relocation trends and mobility news.
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IRS Clarifies Status of 2018 Reimbursements for 2017 Moves
As part of the Tax Cuts and Jobs Act (which became effective on January 1, 2018 and runs through December 31, 2025), the costs associated with household goods moves and final travel to the new location were no longer excludable/deductible from employee income. After the new rules took effect, there remained a question regarding how to treat payments made in 2018 for costs incurred in 2017.
US Home Sale Alert: Crumbling Foundations
The issue of “Crumbling Foundations” was known to affect a small portion of northern Connecticut, but has become evident in other parts of that state and now in southern Massachusetts. Below is a brief overview of the issue and the steps NuCompass recommends taking to minimize home sale risks.
Upcoming 2019 Worldwide ERC Conference
The 2019 Worldwide ERC Americas Mobility Conference will be held this year in Atlanta, GA from May 8th – 10th.
New Technology Partnership with Urbandoor
Relocation technology provider NuCompass announces a partnership with temporary housing provider Urbandoor to improve relocation software and services.
5 Things to Look Forward to at HR Tech
Relocation and mobility trends and news for the Human Resources Technology Conference and Exhibition in Las Vegas (HR Tech) and five things mobility leaders need to know.
Relocation and State Tax Law Issues
Relocation has been impacted by federal tax law changes in the United States. Relocation tax information for federal and state law changes impact all organizations.
GDPR and NuCompass Compliance
As you may know, a new data protection law called the General Data Protection Regulation (GDPR) was passed by the European Union. While it only affects EU individuals, we have many clients who utilize NuCompass’ global relocation and assignment services. The information below will outline some of the basic information regarding GDPR and how NuCompass is complying with the new regulations.
Update on US immigration Application Process
Our immigration partners, BAL Global, have provided an important update regarding US immigration application processes. Consistent with the Administration’s stated intent to implement "extreme vetting,," the State Department will begin asking nearly all visa applicants for additional personal and social media information. Previously, this approach was announced for a subset of applicants; the new request by the State Department is to ask nearly all visa applicants (immigrant and non-immigrant) for this information. See the update from BAL for more details.
The New Tax Law and Its Impact on Mobility
NuCompass Chairman, Frank Patitucci, has written the following thought-leadership article on the new tax laws and the immediate and longer term impact on relocation and mobility services:
Possible Changes to H-1B Extension Processing
The Department of Homeland Security (DHS) may stop renewing H-1B extensions for applicants caught in the green card backlog. Past practices have generally resulted in any applicant whose green card application was negatively affected by backlogs or per-country limits having their H-1B status renewed when the applicant is otherwise eligible.