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HomeServices Relocation Announces Release of New White Paper

Putting the spotlight on taxable commissions and rebates in the
relocation industry.

MINNEAPOLIS–(BUSINESS WIRE)–#TruePartner–HomeServices Relocation, a division of HomeServices of America, a
Berkshire Hathaway affiliate, announced today the public release of a
white paper describing the unintentional consequences of tax law change
and the potential for hidden savings for employers who use the services
of a relocation management company (RMC).

“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. “It is a cost control issue that no one is talking
about. Properly classifying commissions as ‘fees for services rendered’
and splitting those fees out separately on partner invoicing saves on
gross-up.”

Download
a complimentary copy of the white paper here
.

About HomeServices Relocation, LLC:

HomeServices Relocation, LLC is a full-service relocation management
company that designs flexible relocation management solutions for
corporations worldwide. Through its national network of relocation
associates, HomeServices Relocation offers clients integrated relocation
services including brokerage, mortgage origination, title, insurance,
closing and other home-related services. HomeServices Relocation is a
division of Minneapolis-based HomeServices of America, a Berkshire
Hathaway affiliate and ranked as the largest real estate company in the
United States.

Information about HomeServices Relocation is available at www.homeservicesrelocation.com

Contacts

Media Contact
Carole Grinde
[email protected]
952-928-5897

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