Taxed by distance: What banks need to know about remote work

In this episode of In the Vault with KPMG, Liz L'Hommedieu, a Principal in the Banking and Capital Markets Tax Practice, and Samantha Marciliano, a Managing Director in the Global Mobility Services Tax Practice, discuss state and local tax exposure in today's remote and hybrid work environment.

Topics include:

• Why state employment tax audits are increasing and how New York is shaping enforcement trends
• How the "Convenience of the Employer" rule can create potential exposure for organizations with remote workers
• Workforce patterns and organizational challenges that may increase risk for financial institutions and their executives
• Practical steps tax, HR, and leadership teams can take to assess and mitigate exposure
• How technology and advisory solutions can help organizations scale their approach