Compliance with tax laws, withholding requirements, and IRS and state deposit schedules is complex enough. But for employers in multiple states, multiplying this by 5, 10, 20, or even 50 can be a nightmare in the payroll department. Add a pandemic to this mix and enjoy the making of horror movies! Not only do you have more rules and regulations to follow, however, if you make a mistake, the penalties can be doubled.
All payroll personnel must be aware of the tax and reporting requirements of all states that have employees working for the company or, in the case of reciprocal agreements, living. But for payroll departments that have to deal with employees working in multiple states simultaneously, or employees traveling to different states at different times for their employers. Taxation and reporting requirements are at best a tedious task and at worst the catastrophe. The employees who work from home can be even more complicated. Questions must be answered, sometimes on an employee by employee or even tougher on a case-by-case basis for an individual employee.
In addition, employers with employees working in some states do more than just have to deal with taxes. There are now wage and hourly wage laws! With another minimum wage? Are there any other overtime regulations? Will this employee continue to be exempt? Most states require state income tax withholding for wages paid for work performed in the state. The only ground given in this area is usually for reciprocal agreements and nonresident employees who may be in the state for a limited time. No, the only way to determine the proper taxation for multiple state employees is by researching and apply the requirements for each state. And this is where this webinar will help.
