Putting the spotlight on taxable commissions and rebates

Content Summary

“Putting the spotlight on taxable commissions and rebates” is a white paper written to assist human resources, procurement and financial professionals understand how tax law changes ushered in by the Tax Cuts & Jobs Act of 2017 are affecting employer costs associated with household goods (HHG) shipment and expense reimbursements or payments for their employee relocation programs.

The white paper, written by Steven John, SCRP, SGMS-T, President and CEO of HomeServices Relocation, a full-service, global relocation management company, details how traditional RMC revenue models have not adjusted for the underlying results of these tax changes, thereby leaving revenue earned as rebates or commissions in the taxable column on their client billing.

“It needlessly forces an increase in gross-up expense for the employer,” says Steven John. “Properly classifying commissions as ‘fees for services rendered’ and splitting those fees out separately on partner invoicing saves on gross-up.”

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