Since many Bay Area workers began working remotely in March 2020, many left San Francisco and the region to work out of state, with family or in places with more affordable accommodations. While the idea of working outside California may have seemed like a financially responsible move initially, many employees – and their employers – could face complex tax issues.
BPM Managing Director John Hayashi, who leads the Firm’s State and Local Tax (SALT) practice, sat down with the San Francisco Business Times to talk about some of the issues that arise around remote work.
“With the Covid-19 economy, state and local jurisdictions are going to be in more of a budget deficit than ever before, so everything is on the table,” he said.
BPM HR and People Services Partner Jill Pappenheimer also mentioned the additional strains that come with managing a remote workforce.
“Our clients are struggling with this issue of employees migrating to short- and long-term alternative locations and the impact on HR — payroll, benefits, workers comp, state registration and policy. It’s a pain point,” she said.
Read the full article on the San Francisco Business Times website.
About John Hayashi
John serves as a Managing Director of Tax at BPM, with nearly 30 years of public accounting and private industry experience in State and Local Taxes (SALT). John helps his clients respond to SALT issues, with a specialization in sales tax and use tax that's currently in high demand after the Supreme Court's decision in South Dakota v. Wayfair, Inc. (2018). He’s a leader in BPM's SALT group, which serves as a single point of contact for clients to analyze their state and local tax liabilities, as well as state and local tax deductions. John listens to client needs to plan and implement strategies that minimize identified liabilities.
About Jill Pappenheimer
Jill Pappenheimer brings 30 years of experience supporting the people function for organizations ranging from large financial institutions to small entrepreneurial teams. In 2006, she began consulting with companies, and in 2012 she co-founded Options4Growth, a boutique-consulting firm bringing both outsourced Human Resources and Strategy Advising, combined with cloud based technology, to a broad range of clientele.