Relocation News and Trends
NuCompass keeps you up to date with the latest relocation trends and mobility news.
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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.
Talent Management Trends in China
Worldwide ERC recently published a survey of 116 companies on trends they anticipated regarding talent mobility in China. Below are some interesting survey results for assignment management structure and top destination cities.
Tax Reform Changes for Relocation
On November 16, 2017, the U.S. House of Representatives passed their tax reform proposal by a vote of 227 to 205. Later that day, the Senate passed their tax reform proposal. Both bills repeal the moving expense deduction, as well as the exclusion for moving expenses paid or reimbursed by an employer. If these changes remain in the reconciled legislation, they would become effective January 1, 2018.
Tax Reform Affects on Moving Expenses
There has been significant discussion and debate in Washington regarding new tax proposals. Below is an update provided by Worldwide ERC® on what is being considered in current legislation. While this is not final and will likely go through more iterations, we wanted to keep you updated on current events as they affect relocation. <!--break-->