BDO Forms Strategic Relationship with Equus to Offer Automated Tax Withholding Tool

October 2018

Benjamin Davis
Bliss Integrated Communication
(212) 600-2580
benjamin@blissintegrated.com


Automated Tool Will Help Clients Meet the Challenges of Managing a Global Workforce

Chicago, IL - BDO USA, LLP, a leading global accounting and advisory firm, announced it has formed a strategic relationship with Equus Software, to provide global tax logic for the software leader’s EquityPro solution. EquityPro is a fully-automated, cloud-based tool that helps companies calculate taxes and manage share plan withholdings for an organization's international workforce.

“We’re proud to work with BDO to offer the next generation of global compensation planning services,” said Mark Thomas, CEO and Founder of Equus Software. “BDO’s global equity experience, combined with Equus’ mobility expertise will allow us to unlock value for businesses with employees anywhere in the world.”

The emergence of a globally mobile workforce has allowed companies to maximize talent where it’s most needed, but it simultaneously generated a host of challenges when it comes to managing global share plans. Companies need to navigate a web of complex tax jurisdictions to accurately withhold taxes on incentive compensation. Otherwise, they face a time-consuming and expensive correction process, as well as potential reputational damage and even risk harming relationships with their own employees. BDO helps companies define and avoid potential risks, as well as consider opportunities when designing cross-border incentive compensation.

EquityPro is fully automated, using transaction data and cross-border travel information combined with regulations from tax jurisdictions across the U.S. and around the world to provide global withholding calculations in real-time.

The combined solution provides:
  • A fully automated approach
  • Calculations executed in real time
  • Electronic links to brokers, payroll, and equity administration
  • Extensive global and state-to-state coverage
  • Frequent updates with changes to global tax laws
“We live in an increasingly connected world, and a company’s search for top talent can take them anywhere”, stated Andrew Gibson, leader of BDO’s Global Employer Services practice. “Our relationship with Equus furthers the commitment of our Global Employer Services practice to serve businesses swiftly and effectively—no matter where their workforce is located.”

Learn more about how EquityPro can remove major roadblocks to your business’ international growth, here.

About BDO USA
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and over 550 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of 73,800 people working out of 1,500 offices across 162 countries.

BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com.

About Equus
Founded in 1999, Equus Software is the market leader in cloud-based relocation and mobility solutions. More than 300 organizations around the world use Equus to automate mundane, transactional work so that global mobility teams, talent management professionals, and other key stakeholders can focus on adding value to the business. Equus has a proven track record for delivering cost-effective global mobility solutions, continuous innovation and exceptional customer service. www.equusoft.com