Contingent Work offers a single, integrated solution for worldwide employment tax; demonstrates the continued success of Vialto’s technology vision
London–May 13, 2024– Vialto Partners, a leading provider of globally integrated solutions supporting global workforce mobility, today announced the launch of Contingent Work, a new technology solution that fills a critical gap in the market by offering a practical approach to managing the tax-compliance risk of a global contingent workforce and sets a new standard in workforce-management tax technology.
Contingent Work is both a knowledge hub that provides insights about global employment tax risks and a practical tool that can help automate the tax risk assessment process. It helps organizations understand the worldwide employment-tax landscape and provides specific tools for organizations to evaluate individual contingent worker risks, streamlining compliance within a single solution.
Using a global framework, with underlying logic adapted for the nuances of different jurisdictions, Contingent Work provides up-to-date intelligence, and automates and filters cases by risk level, enabling quicker business responses and supporting strategic tax management and planning.
“Around the world, tax authorities are increasingly reclassifying contingent workers as employees, triggering tax, payroll, and social security obligations,” said Ash Majithia, co-leader of Vialto’s Global Employment Tax service. “Navigating these rules is crucial, yet challenging. Many organizations, in fact, struggle with knowing where to start. Contingent Work provides the answer to that question–making it easier for companies to understand, assess and manage tax risk and ultimately mitigate the severe risks of non-compliance.”
A key differentiator of Contingent Work is its ability to transform an organization’s approach to workforce management in three fundamental ways:
Proactivity. The solution helps organizations anticipate and manage tax risks, rather than responding to them as they occur. This shift can help businesses stay ahead of compliance challenges, facilitating their ability to successfully navigate the evolving regulatory landscape.
Global focus. Contingent Work includes technical and practical insights from Vialto’s tax experts around the world and enables a holistic, global approach to compliance management.
Automation. The solution automates contingent-worker compliance processes and improves efficiency. Its design is intended to provide organizations tools that can provide additional capacity and capability to focus their efforts on higher-risk parts of the workforce.
Moreover, Contingent Work is designed to integrate with companies’ existing onboarding systems, offering a streamlined, intuitive user experience.
“Vialto continues to reinforce its market-leading position with innovative, technically excellent solutions,” continued Majithia. “Our investment in digital innovation uniquely positions us to navigate this complex landscape, offering forward-thinking strategies and technologies that benefit clients around the world.”
Today’s news marks the latest in a series of Vialto mobility-technology announcements, including the March 2024 launch of Total Comp, Vialto’s innovative payroll solution.
About Vialto Partners
Vialto Partners is a market leader providing globally integrated solutions supporting global workforce mobility, including immigration, tax, managed services, and digital solutions. As a trusted advisor of compliance, consulting and technology services to multinational corporations, the firm solves complex, cross-border workforce mobility challenges to ensure its clients and their employees have a consistent and compliant global mobility experience. To learn more, visit www.vialtopartners.com.
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