Miriam Viader’s Post

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

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.

Struggling with remote work tax challenges? 💼💻 Dive into Employee Benefit News 's latest article with Laura Gieseke, tax attorney from SMB Law Group, as she shares expert insights on staying compliant with tax laws and regulations in the remote work landscape. Don't miss out—click the link to stay informed! #RemoteWork #TaxCompliance #SMBLawGroup https://lnkd.in/gv7D-t5A

🤖 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

What would you do if your remote team member relocated to a state where you aren't currently set up for payroll taxes, aren't familiar with the state laws and regulations around hiring, etc.? Maybe you haven't encountered this yet. Might be time to address the possibility in a relocation policy. Some items to consider: - How much lead time will you require to explore the possibility of employment in the new location? - Will you take the necessary steps to become registered in the new state? Or, will the move impact the team member's employability? - What worker's compensation, leave laws, separation pay, and other regulations need to be considered? As you review your current handbook, consider a relocation policy to hopefully avoid surprises for you and your team.

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

Over the last few years, many employees and business owners have been working from home. For some, the advantages of working from home have been significant and with more businesses open to flexible working, some employees are taking remote working to the next level by working abroad permanently or for extended periods of time. In this blog, we explore all you need to know about overseas remote working arrangements and the impact it may have on you as a UK tax resident, your UK income tax, national insurance contributions and host country income tax. https://lnkd.in/eckFz-8N

Tax Implications of Remote Work: A Comprehensive Guide for Employers. In the dynamic landscape of contemporary work environments, the surge in remote work has prompted a reevaluation of tax implications for employers. Understanding .......... https://lnkd.in/dT-eCgK5

Remote Working Overseas – Tax Considerations It’s all great, flying around the world, working remotely from a mountain or beach, being closer to family or nature. And I’m all for it! It just needs to be carefully planned from both an employer and employee perspective. We help individuals understand their personal tax responsibilities when working remotely. We help employers provide their staff with the freedom to work from anywhere. Here are five key areas to consider: - Tax Residency - Permanent Establishment (PE) - Double Taxation Treaties - Employer Obligations - Tax Compliance Blog on 'Tax Residency vs. Immigration Residency: What’s the Difference?' coming soon. --------------------------------- I’m Jordan – a UK tax specialist, cross-border consultant, and online business owner 💻 I help expanding businesses, start-ups, and individuals manage cross-border issues and provide tailored solutions to meet their needs. #RemoteWork #GlobalMobility #TaxPlanning #InternationalTax #CrossBorderTax #RemoteWorking #TaxCompliance #PermanentEstablishment #DoubleTaxation #TaxResidency #WorkFromAnywhere #TaxAdvice #RemoteEmployeeTax

Leverage the Global Talent with U.S 1099 Non-Employee Compensation. Are you a business owner in the United States looking to tap into a global talent pool? Hiring independent contractors via 1099 offers an incredible opportunity to work with skilled professionals from anywhere in the world without the complexity of traditional employment. Here’s how employers can take advantage of the 1099 model to expand globally: Access to Global Talent: The 1099 model allows you to hire top talent from around the world, giving your business access to a diverse range of skills, perspectives, and expertise that may not be available locally. Cost-Effective Workforce: Independent contractors are responsible for their own benefits and taxes, reducing overhead costs for businesses. This makes the 1099 model more affordable and flexible, especially for small businesses or startups. Flexibility and Scalability: You can easily scale your team up or down based on project needs, without long-term commitments. Whether it’s short-term projects or ongoing support, hiring globally with 1099 contracts provides the agility your business needs. Focus on Expertise: With 1099 contractors, you’re hiring specialized professionals for specific tasks, ensuring you get high-quality work without the burden of managing full-time employees. Compliance Made Easy: By working with contractors under the 1099 model, you avoid the complexities of local employment laws in various countries. Just ensure you're aware of contractor guidelines and tax regulations to stay compliant. The world is full of talent—why limit your business to one region? Embrace the future of work with the flexibility and efficiency of the 1099 model and build a stronger, more dynamic team that’s ready to grow with you! HI. I’m Amos, a seasoned Virtual Assistant specializing in helping businesses streamline their operations and boost productivity. From managing administrative tasks to optimizing workflow, I provide tailored support that allows you to focus on growing your business. Let me handle the details while you scale with ease! #RemoteWork #IndependentContractors #TalentWithoutBorders #VirtualAssistance