Virtual Roundtable Panel Discussion
No one will argue that there is a lot going on right now and even more to come in the foreseeable months and year regarding tax and compliance. Unsure, confused, and in limbo are just a few adjectives that are used to describe how companies are anticipating the effects of these changes.
What is your biggest administrative challenge? Of course, there is a laundry list of items to choose from but regardless of what it is, if you don’t have a process in place to keep track of the associated notices your problems can and will escalate quickly and penalties compound even more so.
After taking a quick poll we have narrowed down four of the biggest challenge’s companies are dealing with today:
- Remote workforce, once temporary now permanent
Working from home is the new normal and with that comes a laundry list of changes regarding tax and compliance and of course these changes have trickled down effects across the board which organization is feeling.
- Nexus issues associated with the new remote workforce
Nexus is not a new concept. Legislatures and courts have dealt with Nexus related issues for decades. What has changed in the last year or so is the widespread disbursement of employees to new states and cities and the issues caused as a result. The new ”work from anywhere”, position has created liabilities and exposure for the organization in those states and localities in which they are working.
- Security and Technology
Protection of corporate and personal data has always and will continue to be a major concern for organizations, yet many are still using spreadsheets and to track for managing and tracking complex and highly sensitive items. The need for more complex reporting providing actionable insights has never been greater.
- Mergers and Acquisitions
The M&A space can naturally lead to an influx of questions and required timely responses by almost all federal, state and local taxing authorities. Whenever there is a merger, acquisition or even an internal reorganization there are tax reporting requirements of almost every type that need to be satisfied. With most of the work in the M&A process is being done remotely, teams of accountants, lawyers, bankers, internal tax, legal, HR and other departments, organizing and maintaining the connections are extremely complicated.
If any of these issues reinstate with you, please join us for a Virtual Roundtable Discussion with a panel of industry experts to hear what they have to say about each of these challenges.
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