Celine See’s Post

Overseas remote working can have implications on your tax and residency status. It's important to understand the regulations in both your home country and the country where you'll be working remotely. Consulting with a tax advisor or legal expert can provide clarity on how your income will be taxed and whether you may establish residency in the new location. Stay informed to ensure compliance with all relevant laws, such as through Haines Watts.

As remote work reshapes business, Pillar Two tax compliance becomes more complex. Remote and hybrid models increase non-compliance risks, requiring new strategies to integrate employee mobility into tax discussions on BEPS impacts. One crucial strategy is the meticulous tracking and documentation of workforce roles. As cross-border work requests surge, financial services firms must now manage tax liabilities and compliance across multiple jurisdictions. This requires a careful balance between operational demands and tax obligations, ensuring that employee mobility does not lead to tax controversy. Looking ahead, clear communication on workforce policy changes will be essential to maintain positive sentiments and allow mobility while addressing the challenges of tax compliance. To learn more about navigating the complexities of remote work and Pillar Two compliance, check out this detailed breakdown by Rachel D'Argenio, CPA, MBA: https://lnkd.in/dgvUkVev

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

🤖 We did a social media post a few weeks ago on April Fool’s Day about how the German tax authorities had announced a fictitious additional 15% “nomad beach tax” for remote workers spending more than 90 days abroad. 😮 It was all quite light-hearted until a few days later, a number of people sent us a link to this article published by Business Insider about how New York and other states are using AI to track down remote workers who are avoiding taxes. 📈 Despite having lower audit staff, the state Department of Taxation and Finance announced that there were 771,000 audits in New York in 2022 which was a 56% 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦 𝘧𝘳𝘰𝘮 𝘵𝘩𝘦 𝘱𝘳𝘦𝘷𝘪𝘰𝘶𝘴 𝘺𝘦𝘢𝘳! ❓ The reason behind the increase in audits, despite lower staff? 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 🤖 🤖 🤖 #tax #artificialintelligence Work From Anywhere

Things to think about for the future of hybrid and remote workers. Double taxing could be on the horizon depending on where your company is located.

More and more employers will be doing this. The #tax implications for both employer and employee of working from abroad can be considerable. if overlooked substantial costs can arise. Crowe UK Crowe Global #mobility https://lnkd.in/eYFxiYZS

Please enjoy this excellent article by my colleagues on state and local tax issues related to remote work. In this Tax Executives Institute article, Eugene Gibilaro and Josh Sivin discuss SALT challenges of remote work and share practical advice for navigating them. #remotework #taxlaw #stateandlocaltax

Are you struggling to navigate the complex world of remote work taxes? This article breaks down state taxation laws, the risks of double taxation, and your responsibilities as a business owner. Prepare your business for a smooth transition and seize the opportunities of the remote work era.#BusinessOwners #RemoteWork #TaxImplications

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

#taxation of #remoteworkers remains to be the Gordian Knot of global tax policy and the #EU task force working with this topic doesn't seem like the likely solution finder. However, there are indications that #oecd is the likely forum to find possible solutions for taxation of remote workers, and #pe in the context of remote work is the likely topic of their work later this year. Will #homeoffice trigger #pe when a remote worker doesn't have access to company facilities? Time will tell, and we will be there to follow up on this issue and contribute! #globalmobility #kpmg #crossborder #socialsecurity #labourlaw #corporatetax