Executive Summary:
This blog post explains how Global Mobility teams can move beyond manual processes and take a more strategic approach by leveraging technology to streamline cost estimates, tax calculations, and scenario planning. By adopting smarter tools and data-driven insights, global mobility teams can make proactive, cost-effective decisions for their mobility programs.
Tax is complex. Managing it doesn’t have to be. Keep reading to find out how technology can help.
Tired of slow, manual cost calculations holding up your global mobility strategy?
You need to move talent quickly, but complex tax rules and shifting scenarios can cause delays. Waiting for external providers or wrestling with spreadsheets drains time and resources. This makes strategic planning feel impossible and leaves you questioning if you’re making the most cost-effective decisions.
What if you could eliminate the guesswork while saving time? The Equus Tax Engine, powered by the Equus Platform, empowers you to take control.
With Equus, you can generate accurate Cost Estimates and Employee Compensation Statements in seconds, from standard home-based equalization to more complex structures like U Calculations.
Get Instant Financial Clarity
Accurate cost estimates are crucial when it comes to your planning process. Incorrect data can lead to damaged trust and major budget overruns. Having the right information arms you with immediate answers, credibility, and stronger decision making.
The Equus Tax Engine is the driving force behind the Equus Platform’s tax precision, providing detailed and accurate cost projections for all your mobility needs. Gain peace of mind with a tool you can trust.
The Equus Tax Engine powers your tax calculation needs:
- Unmatched Global Coverage: Tax calculations for 155 countries, built in, and ready to use.
- Automated Tax Logic: The Equus Tax Engine automatically handles the logic for key complexities such as social tax approaches and double tax agreements, so you don’t have to.
- Reliable Calculations: With continuous updates from our in-house tax team, you can be confident that your calculations reflect the latest changes.
Powered to Support Your Talent Strategy
Mobility teams do more than just executing moves, they shape the talent strategy in their organizations. That means planning ahead by comparing scenarios and effectively forecasting costs. The Equus Platform gives you the tools to be proactive, effective, and build on your mobility strategy.
Unlock Strategic Insights for Your Business:
- Seamless Scenario Planning: Compare costs with What If Cost Estimates for different scenarios, policy types, or group sizes to find the most cost-effective solution for your business.
- Actionable Data Insights: Gain complete transparency into every tax calculation with our Calculation Detail Reports, so you can answer business questions quickly and confidently.
- Automated Custom Calculations: Eliminate time-consuming manual work on unique cases. Our Tax Position Overrides Screen lets you adjust
Always Evolving, So You Can Too
Your mobility program is constantly evolving. Your technology should not only keep pace, but drive you forward. We are always evolving the Equus Platform to handle emerging complexities and new tax regulations to give you greater control.
Check out our latest innovations:
- Enhanced Social Tax Automation: Get access to more granular and accurate calculations for key traffic lanes. The Equus Tax Engine now supports element-by-element (enhanced) social tax automation for items like medical insurance, unemployment insurance, and pensions.
- Expanded Domestic Support: Easily generate cost estimates for US state-to-state moves, both permanent and temporary.
- Simplified Commuter Calculations: Simplified calculations for commuters and project-based workers. The platform now automatically handles complex variations in allowances and tax calculations, saving you time and reducing complexity.
- Integrated Host-Based Tax Calculations: Seamlessly compare assignment costs to local employee equivalents or calculate host-based taxes all within the same template. This integrated approach accelerates processing time and simplifies long-term maintenance.
Hear what our clients have to say:
“Prior to changing to the Equus Tax Engine, the Continental Global Mobility team was typically using tax data that was one year old with very few ways to customize modern family arrangements and special situations. Since we were changing data providers for cost of living, location, housing, and travel data in large part without grandfathering, it was a unique opportunity to also change to the Equus Tax Engine at the same time for all assignees. So with the trust of the experienced Equus tax team and our Equus account team, we went for it.”
– Head of GPS Global Mobility Services Americas, Continental
Take Control with Equus
Why spend valuable time producing manual calculations or waiting for an external provider, when there’s a better way? With the Equus Platform, you can generate accurate Cost Estimates and Compensation Statements in seconds, saving you time and resources.
Next Steps with Equus
Take the guesswork out of financial planning. Here’s how you can get started with Equus today:
- Request a Demo – Request a demo to see how the Equus Tax Engine can help your organization plan ahead.
- Ensure Compliance – Click here to learn more about the Equus Tax Engine.
- Take Control Today – Contact us to take control of your tax strategy
