Anne Farrar’s Post

The rise of remote work has introduced new challenges for multinational organisations, particularly regarding corporate tax residency and permanent establishment. Key considerations include: 1. Tax Residency: Remote work can affect where an organisation is considered a tax resident, especially if board meetings are held in different countries due to travel restrictions. 2. Permanent Establishment: Long-term remote work across borders can create permanent establishment risks, potentially leading to double taxation and penalties. 3. Transfer Pricing: Adjustments may be necessary if key functions are now performed in different locations. Stay informed to navigate these complexities effectively. #Vistra #RemoteWork #CorporateTax #TaxResidency #PermanentEstablishment #TransferPricing

Compliance with Pillar Two introduces complexities in tax accounting, particularly with the management of a workforce that is increasingly adopting remote and hybrid work arrangements. It is crucial for companies to take into account the changing dynamics of employee movement and adopt a cross-departmental strategy. Proactive collaboration between tax departments and other areas of the business is essential for achieving success. Discover more below.

Pillar Two compliance creates tax accounting challenges relating to workforce management, especially in light of the rise of remote and hybrid work models. Businesses should consider the evolving landscape of employee #mobility in a cross-functional approach, with tax departments collaborating across the organization proactively is key to success.

When employees work remotely across state or international borders, their tax situation gets incredibly complicated. Are you clued into risks like permanent establishment, dual taxation, or compensation losses? In her featured article "7 Communication Tips to Protect Your Mobile Employees from Tax Violations" in HR Daily Advisor, GTN Managing Director Jennifer Stein shares 7 communication strategies HR can use to guide mobile workers through tax compliance, including: • Tracking employee work locations • Scheduling regular 1-on-1 meetings to discuss locations • Holding group calls to keep internationally mobile staff connected Don't let remote staff navigate this tax minefield alone. Give the featured article a read to learn all 7 communication strategies. https://hubs.ly/Q02x6SbD0

Embracing remote work post-pandemic? 🏡👩💼 Uncover the tax implications that come with the new normal! From the benefits of reduced costs to the complexities of tax nexus, small and medium-sized businesses need to navigate the remote landscape wisely. #RemoteWork #WFH #Taxes #HensslerFInancial https://ow.ly/yjy950QrKVx

Do you have remote employees? If so, do you know what tax implications work into the mix from remote work? In some cases, remote employees are working from homes that are in a different state than the one in which their employers are located. This is especially true in smaller states and in large metropolitan areas located near state lines, like Kansas City. If your company is growing and expanding into other states, or if you have employees who live across state lines, several considerations can help you anticipate and manage the state and local tax (SALT) implications. Read this post from my colleagues Susan Day and Jason Higgins for more information on your tax implications. #remotework #tax #smallbusiness

GTN Managing Director Jennifer Stein was recently featured in HR Daily Advisor on navigating the tax minefield for mobile employees. In the article, "7 Communication Tips to Protect Your Mobile Employees from Tax Violations," Jen outlines key strategies like tracking employee locations, scheduling regular check-ins, and connecting remote staff with local experts. Proper communication from HR can help steer mobile employees through the complex tax risks that come with remote work across borders. Give Jen's featured article a read to learn how to protect your organization. https://hubs.ly/Q02x6QpL0

April is an important financial milestone if you do business in the UK, as it's the start of a new tax year. 💷 And while we work with lots companies who employ teams across borders, we thought this would be a good opportunity to reach back into the Omnipresent library and re-share some of our essential resources on tax and compliance for global employers. First from the archive - Understanding Tax When You're Employing Remote Workers. #tax #compliance #remotework #permanentestablishment #globalteams https://lnkd.in/e5XSB8YP

Consistent communication from HR can help guide your mobile employees through the complex tax risks that come with cross-border remote work. Check out Jennifer Stein's latest article to learn more!

↪️Tax and accounting firms were forced to shift to remote or hybrid work during the COVID-19 pandemic. And many currently maintain that setup in some capacity. 💡Two industry leaders at Baker Tilly spoke with Thomson Reuters about the advantages and drawbacks of the virtual workplace. From Thomson Reuters: "[Kim Wylam, Managing Principal of Baker Tilly’s human capital consulting practice] said that hybrid work is the preferred method for both employers and employees, based on several studies and surveys she recently read. Wylam noted the importance for employers to define their hybrid relationship and provide clear expectations for both parties." Read the full article here: https://lnkd.in/gGDhY4dr #CPA #Accountant #TaxPros #Tax #Taxes #Accounting #Accountancy #Bookkeeping #Finance #Advisory #WorkFromHome #WFH #RemoteWorking #RemoteWork #HybridWork #Hybrid #OnSite #Efficiency #Productivity