Companies with a single physical location may find themselves having a taxable presence in four or five different states, all because of the necessity of remote hiring. (Image: Shutterstock)
While some might say there was an existing trend toward remote work before the pandemic began, it has certainly received a boost in the past 18 months. The pandemic accelerated digitization for many businesses while providing employees with the flexibility to work from home.
Clearly, remote work is here to stay, whether it becomes part of a hybrid plan or an indefinite policy. However, besides concerns about employee productivity, social connections and collaboration, one potential implication that many companies may have overlooked is tax obligations.
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