Taxation and Telework- Implications of the pandemic on your tax liabilities.
"...in this world nothing can be said to be certain, except death and taxes." Benjamin Franklin
"Certainty" is not a word one would use to describe the past seven months, especially when it comes to telework. COVID-19 has changed the job landscape for millions of people. For those that are fortunate to be able to work from home, we have had to resolve a myriad of problems, from childcare, to internet connection, to making sure Fido doesn't chew on your presentation notes, five minutes before going live on Zoom. One issue you may, or may not have considered, is taxes.
Telework taxation is also challenge for state and federal governments, as neither have be able to provide a unified tax measure. What does this mean for Chester County residents? What exactly is the Convenience Rule?
On Friday, October 23, TMACC was proud to host a webinar, Taxation and Telework, to help explain the connection between working from home, and how Pennsylvania, Delaware, and Philadelphia fit into this scenario. Our speakers examined the tax laws that affect your workforce and your company.
Moshe "Mo" Bell-Jacobs, Manager, Tax Services RSM US LLP, examines state and local tax issues and the impact of legislation on middle market companies. Jennifer Breton, Tax Attorney with Buckley, Brion, McGuire & Morris, has a Master of Laws in Taxation and Estate Planning certificate.