Director, New Jersey Division of Taxation, 424 N.J. In fact, the issues that have surfaced because of the increased remote workforce are not new. BackgroundĪs businesses enter the clichéd "new normal," it may appear everything has changed. This column discusses items tax professionals should consider when evaluating the state and local tax ramifications of a remote work environment. All of these present a rapidly changing range of impacts on effective rates and financial statement reporting, registrations, tax compliance, data gathering, and documentation. While employees focus on employment taxes, employers need to consider not only employment taxes but also a broad array of other state and local tax issues, including nexus, apportionment, compliance, and financial statement reporting. However, no good deed goes unpunished such changes require a reevaluation of tax obligations. Meanwhile, others are still contemplating whether to make this change permanent. In turn, many employers have already decided to move to a fully remote workforce or a hybrid approach - allowing employees to work from home for some portion of time. Many have relished the ability to work from home without the hassle of a commute or a rushed daily morning routine. Over the past two years, many employees have grown accustomed to remote work and the flexibility it provides. But the pandemic also has brought one change that is a welcome relief to many employees: remote work. It has created many hardships and drastically changed lives. The pandemic has upended life as we knew it.
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