All things considered, changing where and how people work was easy, right?
In less than two years, companies have quickly adapted to the new reality of remote workforces, hybrid offices, and the permanency of telecommuting and even a few virtual happy hours. Decades of expectations about how the workplace works fundamentally changed in a relative blink of an eye—and that toothpaste is not going back in the tube.
But now, for those details. Human Resources (HR), information technology, and information security teams surely have myriad new demands, but perhaps no area of the business has faced more moving targets than the tax and payroll departments. The rapid increase in worker mobility across multiple states (and even countries) has brought a crush of new complexities, including:
- Expanded tax liabilities,
- Reporting requirements, and
- Compliance risks.
It’s enough to make the tax and payroll professionals feel like…well, like they’re trying to put toothpaste back into a tube.
Yes, remote work is here to stay, and so tax and payroll teams are now laser-focused on the related new risks while trying to plan accordingly, as we outline in our report, Employer trends in the remote work world.