Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

How remote work has led to major tax implications for employers and workers

Tech Republic – “The past year of the pandemic has resulted in 83% of employers declaring remote work a success. However, remote work also adds tax challenges for employers and employees….I’m fortunate to live and work in the same state as my corporate office. However, someone in my management chain has the unenviable responsibility of keeping track of every day worked, and where he is located, for tax purposes. He lives in a different state from where our office is located, and he travels to our regional headquarters in a third state. There are income tax stipulations for each state (the one he lives in has no income tax, while the two he travels to require out-of-staters working there to pay an income tax) so it’s quite a chore for him to keep track of his own whereabouts to keep the tax man happy.He’s not alone; many employees and their respective businesses are seeing some similar challenges. I spoke about the topic with Greg Vecellio, corporate controller at FloQast, an accounting workflow automation software provider..”

Sorry, comments are closed for this post.