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Why Communication Is a Must to Protect Remote Employees

This article was originally published in Corporate Compliance Insights.

Business travel is once again raging and is mobilizing the already travel-happy workforce even more. The Global Business Travel Association expects global business travel spending to overtake pre-pandemic levels, reaching $1.4 trillion this year. It also predicts it will accelerate to $1.8 trillion in the next three years.

This resurgence in business travel adds to a remote workforce that’s more active than ever, with 58% of employees now saying they have access to some type of remote work option.

However, international and remote work often creates complicated tax situations, inviting a long list of new compliance risks. All the while, members of the mobile workforce are largely unaware of the tax and compliance risks they’re putting on themselves and their companies by participating in remote or international work.

Understanding the Tax Risks of Business Travelers

As businesses expand their reach across state and international borders, the tax implications of having employees travel for work becomes increasingly complex. Companies often require employees to travel for work assignments, projects, or meetings, which can inadvertently create tax reporting, withholding, and filing obligations that many organizations overlook. Surprisingly, even a short business trip lasting just a single day can potentially trigger tax compliance requirements in the visited jurisdiction.

7 Communication Tips to Protect Your Mobile Employees from Tax Violations

This article was originally published in HR Daily Advisor.

Taxes can be intimidating, time-consuming, and confusing for any employee. But tax complexities shoot through the roof for international employees, business travelers, and remote workers.

If mobile and remote employees don’t understand their tax obligations, they risk violating laws, losing compensation, damaging the company’s reputation, and more. However, HR professionals can reduce this risk and provide an exceptional employee experience by focusing on one thing: communication.

Here are the reasons taxes are so tricky for mobile and remote employees, along with the secrets to communicating tax matters effectively.

Israel Tax Alert: A Crackdown on Tax Evasion

In the face of revenue shortfalls, the Israeli tax authority has recently focused its efforts to crack down on tax evasion by going after Israelis who have left the country without properly breaking tax residency. Although these rules and collection efforts are not new, this new compliance initiative highlights the critical importance for Israeli residents and their employers to understand the tax implications of relocating outside of Israel. Through education and proactive tax planning, unexpected scrutiny and surprise tax bills can be avoided.

Do You Need a Mobility Tax Program for Permanent Transferees?

In the ever-evolving landscape of global mobility, the traditional landscape of long-term assignments has given way to a rising prevalence of permanent transferees. However, many companies have not established a formal mobility tax program for permanent transferees. Instead, a typical approach is to simply provide a cash stipend to the permanent transferee with the suggestion to use the funds to find a local tax provider to help them with their tax matters in their new country.

Shorter SEC Settlement Cycle: Time Is Now for Tech Upgrades

This article was originally published in Spiceworks.

Starting in May 2024, the US Securities and Exchange Commission’s new, shorter settlement cycle kicks in—and it could leave businesses scrambling. HR, payroll, tax, and equity teams will have one fewer day to deliver shares and manage the related equity compensation tax implications. Plus, when the settlement window is shortened, it will focus more on the complexity of managing a mobile workforce. 

However, these new settlement cycles could serve as the wake-up call businesses need to jump-start much-needed technology upgrades. Why is the SEC’s rule so important for companies that offer equity compensation, and how can technology protect against tax violations, lost compensation, and burnout in this new environment?