FAQ: How do I manage taxes for remote employees?
Record hiring this spring has employers scrambling to onboard new talent, and with it are many questions surrounding tax rates for workers, especially those working remotely.
Since the pandemic, more companies are targeting out of state employees to fill job vacancies. This trend is expected to grow with the number of open positions outpacing available applicants.
And for those companies already employing a remote workforce or considering hiring candidates from another state, the major question on their minds centers around taxes.
“Lately, we’ve been examining state tax rates nearly every week to help customers gain a better understanding of what’s needed to be compliant,” says Pete Feaman, vice-president of IPS. “The biggest concern we hear from them is what tax ID do we need to apply for in each state where a new employee lives?”
Well before workers are even hired, another focus for IPS customers is helping them appeal to the right job candidates and successfully onboard them.
“More and more employers are looking for the most efficient way to attract and hire talent,” says John Feaman, IPS president. “We turn customers to our Applicant Tracking System (ATS) and Electronic Onboarding tools to help organize their recruiting and hiring strategy.”
If you have questions about efficient solutions to better oversee your in-office, hybrid or remote employees, turn to your trusted IPS representative and contact them today.