Talks about your corporate move. Will your company be paying for it, or will you be on your own.
Were you just told by your employer that your company is requesting that you move across the country or to another city. Whatever you do don’t panic. although it can be shocking, relocating to another city can be a great opportunity to move to an exciting community with lots of prospects. If you find yourself in this situation, read on for some great tips on moving and relocating.
Is Your Move Really Going to Help You
Most employers will reimburse you for your moving costs. But this doesn’t mean there are not any other intangible costs that you will be responsible for. Are you concerned about the quality of life in your new city? What is the cost of rent for an apartment. If you have kids, what schools will they be attending. And what about your other needs like parks, shopping, etc. You will have a lot of work on your hands.
You might also want to find out the type of job market in the new city you will be going to. What if your spouse or significant other decides to follow you, will they be able to find a position in a company that suits their needs. If you decide to leave your company you will want to know what kind of economy and job prospects your new city has. Also be sure and find out what type of move this is. Many companies will just move you temporarily, while some will call in an indefinite one.
What Moving Costs Will Your Company Pay
After you have decided to move, now is a great time to see exactly one your company will cover under its relocation policies. You will just need to get the exact guidelines. Questions you will have include what costs they will reimburse you for, how quickly they will pay you back, and if there are any other advantages. Sometimes your corporation will pay for a house hunting trip, etc.
No Help
If you won’t be getting any help from your employer, you can still enjoy nice tax savings. You will be able to write off certain costs of your move. There are certain rules to abide by, but you can still take advantage of it.
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