Remote work and working from home offices, natural disasters, complexities around multistate reporting, and awards to employees under a qualified plan or nonqualified plan, are just some of the issues that have dominated employment tax and payroll professionals’ attention in 2022 – and will continue to do so into 2023. That is in addition to the typical year-end and preparation-for-the-new-year responsibilities and obligations employers face this time of year.
The Employment Tax Group with KPMG LLP (U.S.) has published an article on payroll year-end topics, including remote worker wage and taxation sourcing, prior-year legislation, and multistate wage allocations, as well as accounting for fringe benefits, gifts, prizes, and awards.
To access the article, click here.