Policy Forum: Future Workforce Models—Enabling the Shift
Author(s) -
Guy Jason,
Shivani Joshi
Publication year - 2021
Publication title -
canadian tax journal/revue fiscale canadienne
Language(s) - English
Resource type - Journals
ISSN - 0008-5111
DOI - 10.32721/ctj.2021.69.2.pf.jason
Subject(s) - payroll , workforce , flexibility (engineering) , business , payroll tax , work (physics) , government (linguistics) , workforce management , compliance (psychology) , risk analysis (engineering) , public relations , public economics , accounting , economics , income tax , political science , economic growth , engineering , management , mechanical engineering , philosophy , psychology , social psychology , linguistics
Embracing remote work, either fully or partially, allows employers to offer the flexibility that many employees are seeking and also to benefit from various cost savings. As organizations embark on this journey, there are many tax and payroll considerations that should be reviewed up front so that risks relating to non-compliance can be mitigated. What are these corporate tax and payroll considerations? Can a formal policy help to mitigate compliance risks? What are other considerations besides tax and payroll? Should government policy support this workforce shift? This article summarizes the various considerations in developing an organizational remote work policy and concludes that, as is the case for any other business strategy, remote work arrangements have their benefits provided that the associated complexity and costs can be effectively managed.
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