TrakTrip is a mobile and web based enterprise solution to accurately track and report on business travelers. TrakTrip tracks employee mobility to ensure that the enterprise stays compliant with global and local tax and immigration laws.
Companies with a highly mobile workforce are finding it difficult to track their employee’s movement as they go from one geographical region to another for business. This lack of tracking is putting them at a risk of not complying with the local tax laws. Companies had to pay hefty fines to local tax authorities for not accounting for any local payroll and business taxes they incurred due to their employees movement. For example, the State of New York requires employers to pay/withhold employment taxes if their employee works in the State for 14 days or more in a calendar year. In addition, the mobile employee may choose to exercise their stock options during their business travel which creates additional trailing liabilities.