Page 19 - Leisure Living Magazine: Spring 2021 Edition
P. 19
Work-From-Home Tax Implications:
What You Need To Know
Courtesy Payne Nickles & Company, www.pncpa.biz
The pandemic created by the novel corona- virus has drastically changed the way we live and work. As more businesses are forced to send their employees home, work-from-home life has become a mainstay especially in knowl- edge-based jobs (jobs that do not require phys- ical labor), and many of these industries are not going back to the workplace anytime soon. This can create wrinkles for both employers and employees when it comes to their tax situations.
Here’s what employers and employees need to know about remote work and the impact it can have on taxes.
Tax and labor considerations for employers with remote employees Nexus – Employers who have transitioned their workforce to be remote must be conscious of potential nexus implications due any employees now working
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Spring 2021 LeisureLiving | 19
Working from home has become a mainstay.
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