GTN Mobility Tax Blog

This article was originally published in Training magazine.

Why does duty of care training need an update in the age of remote work?

Most business leaders realize remote and hybrid work have significantly transformed the way organizations operate. However, amid this shift, one critical aspect that often goes unnoticed is the need to address the duty of care training and safety measures concerning remote workers’ tax compliance obligations.

This article was originally published in Small Business Currents.

Startups and small businesses are more mobile than ever. According to a recent Gusto Company News study, 78% of startups that launched in the last three years are either remote or hybrid. What’s more, remote work is expected to pick up even more steam in 2024. According to Mercer, 59% of business leaders believe virtual assignments will increase in the next year.

This article was originally published in Corporate Compliance Insights. 

Return-to-office calls notwithstanding, many observers expect remote or hybrid work to continue to grow in popularity this year. GTN Director, Tracy Novotny, explores the tax and compliance implications corporate leaders need to know for 2024.

In recent years, the global workforce has witnessed a significant shift towards remote work and the rise of digital nomads, defined as a person who works entirely over the internet while traveling and who has no fixed place of business. As more individuals seek the freedom to work from anywhere in the world, many countries have recognized this evolving trend and responded by offering a unique solution—the “digital nomad visa.” This visa, often with less stringent requirements than traditional work visas, allows individuals to live and work in worldwide destinations of their choosing. 

Equity plan program managers and participants have likely heard of an 83(b) election (“Election to include in Gross Income in Year of Transfer”), but often its application and advantages are misunderstood. Section 83 of the Internal Revenue Code (IRC) governs several tax functions when determining the tax consequences of transfers of restricted property such as equity or stock. These special rules determine whether an employee has income resulting from a transfer of property, when an employee will recognize taxable compensation, and how much taxable compensation will be recognized. 

This article was originally published in Spiceworks.

Employees are moving, and technology infrastructures need help to keep up. An AIRINC survey found global mobility activity has increased for 60% of companies in the last year. However, only 14% of those company leaders say they “strongly agree” that they have the right technology to meet the general administrative needs that spring out of their mobility programs. That figure must change if organizations want to avoid tax compliance and immigration headaches.