To help companies track and estimate the impact of new U.S. tax regulations on the future costs of their global mobility programs, KPMG LINK Cost Projector – a web-based online projection tool from KPMG LLP, the audit, tax and advisory firm – in use globally by tax and human resource departments has been updated to reflect the new legislation and has been expanded to several new operating systems and internet browsers.
The new legislation, the first major rewrite of the U.S. tax system in a generation, contains several far-reaching modifications to the rules governing the taxation of individuals that have particular relevance to those on international assignments, ranging from changes to tax rates, itemized deductions, and standard deduction amounts to personal exemptions, child credits, alternative minimum tax, and the tax-free treatment of reimbursed moving expenses.
“This update to KPMG LINK Cost Projector, which we released to the market on January 1, 2018, is designed to give companies simple, real-time access across locations to the latest resources and information they need to plan for the changes that the new regulations will have on the future cost of employee mobility,” said Bob Mischler, a partner in KPMG’s Global Mobility Services (GMS) practice.
The update also includes a transition to a fully online version of the tool, which expands the program to more operating systems and more internet browsers and offers a new user experience centered on increased transparency and maintenance efficiencies.
Adrian Anderson, KPMG GMS Technology Partner, said: “KPMG LINK Cost Projector now offers a true online experience to our users, by providing our functionality across new and mobile computing platforms. We anticipate offering additional enhancements soon, including increased data and predictive analysis, as well as a release for companies using Apple computing products.”
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KPMG LLP, the audit, tax and advisory firm, is the U.S. member firm of KPMG International Cooperative (“KPMG International”). KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 154 countries and territories and have 200,000 people working in member firms around the world.