The spread of the COVID-19 pandemic forced many businesses to close their offices, immediately disrupting employees’ lives as they began to work from home or another remote location. The change in work location creates significant state and local tax issues for both employers and employees alike, especially when employees are working remotely in different states. As the consequences of long-term remote work continue to grow in prominence across the country, many state and local taxing jurisdictions have issued temporary guidance regarding the income tax treatment of teleworking employees along with business tax nexus and apportionment relief. Several more controversial policies have invited lawsuits as states continue to grapple with the long-term effects of a remote workforce.
Join Grant Thornton state and local tax professionals Michael Beck and Patrick Skeehan for an overview of the latest developments and issues to be considered as both employers and employees continue to navigate the state and local tax implications of the remote work environment.
During this session, we will:
• Provide an overview of the state and local taxation of remote work
• Summarize temporary state tax guidance addressing remote work, including payroll tax, business tax nexus and apportionment policies
• Review the latest litigation over temporary state remote work tax policies
• Discuss practical considerations for employers, including employee tracking and payroll tax reporting
• Consider practical implications for employees, including state tax credit and residency issues
• Provide an outlook of the state tax implications of remote work beyond the pandemic
Participants will earn 1 CPE credit
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.