Sam McQuillan, of Bloomberg Tax, has recently made available his article that discusses the increase in remote work can create large unexpected tax bills for employers. His article, “Telecommuting Boom Puts Employers at Risk for Millions in Taxes,” begins as follows:
Nearly 40% of office workers don’t know that there may be tax implications of their remote work locations, and only a third of workers report all days worked away from their office jurisdictions, according to a new survey.
In the pandemic, the result is significant risk that employers are blindsided by unexpected tax bills.
To see the full article, click: “Telecommuting Boom Puts Employers at Risk for Millions in Taxes”
Posted by Bella Hoang, Managing Associate Editor, Wealth Strategies Journal.