Transferring staff? There are tax implications for them … and for you!
IF YOUR business has branches in different locations, one of the best ways of offering key staff opportunities for career growth is to afford them the opportunity of relocating.
Relocating an existing staff member who has come to know and understand your systems, procedures, and the way in which you do business is often preferable to hiring a new person from outside, who perhaps does not have the benefit of such exposure.
While many staff members may wish to relocate for personal or lifestyle reasons, it is often the employer itself that requests an employee to relocate.
But relocating to another city or town is expensive, and no reasonable employer would expect their staff member to foot the bill when it is the employer who is requesting the staff member to make the move. Most employers in this situation would therefore…
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