Expense Management & Tax Compliancy

In the course of a relocation, a complex and variable trail of expenses is created, one that is unique to each employee. This trail needs to be carefully checked, paid, reconciled, and reported to prevent confusion and complaints both by your assignee and internal departments. K2’s expense management will help you manage this trail and make sure you get the money right. So how do we make sure we get the money right? K2’s relocation expense management service breaks down into three interconnected areas: consultancy, payment, and compliance.

At the consultancy stage, we map your processes to ensure when we start relocation expense management for you, everything works the way you work causing minimum disruption to your current process. Also during the consultancy stage, we can advise on the drafting and content of your policy documents and help with your budget planning. The accurate receipt, recording, and payment of supplier invoices and assignee expense claims are the heart of our offering. Our online system allows all parties concerned to accurately upload, check, approve, and follow all expense trails from expenditure to payment.

During the tax compliance stage, we work to ensure you are taking full advantage of all tax benefits in your policy.

Our reporting will give you all of the data you need for payroll, accounting, and procurement. We guarantee accurate and precise reporting to avoid year-end headaches, infrequent reconciliations, and improper W2 filings, while presenting the best tax situation for both the company and the associate.