Over the past decade, some employees in the business world worked remotely, at least on occasion. However, working remotely took on a new, necessary role for many more employees early in 2020. According to the Bureau of Labor Statistics 2021 Business Response Survey, 34.5% of establishments increased telework for some or all employees nationwide.
As businesses slowly start to resume new-normal operations, worker desires and expectations to continue working remotely remain. Some employers have transitioned to a fully remote workforce or even a hybrid approach where they allow employees to work from home for some portion of time. Others are still contemplating whether to make this change permanent.
While the perks of remote working remain a compelling peak in the topography for job satisfaction, employees and employers alike need to also consider some valleys that accompany remote work.
And there is a big one: taxes.
Employment-related income tax is a top-of-mind category for both employers and employees. The failure of employers to properly withhold state and local income taxes from employee pay can result in liabilities on behalf of both the employer and the employee. In general, the rule for state...
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