Businesses determine how much they owe in taxes through a formula weighing payroll, sales and property. But remote work has thrown a wrench into that calculation.
If businesses can easily alter an employee’s reporting location by simply changing an election on their tax forms, it’s easy to imagine companies working the angles.
“Employers would need to track remote work locations of employees determine if the employee was using company property and if sales were generated from that remote location,” he said, adding employers would “potentially face filing requirements to municipalities that they do not conduct business in or have property located in but for the remote worker.”
Importantly, the changes only apply to business income tax — not the payroll tax that makes up the biggest share of many city’s local revenues. Still, according to proponents, business income tax makes up roughly 15% of overall tax base.Rep. Sean Brennan, D-Parma, was quick to zero in on the potential local impact. A former city councilman, he pressed Greg Saul from the Ohio Society of CPAs about the possibility of companies using the measure to “disproportionately decrease their tax burden.
Saul noted townships don’t charge a municipal income tax and businesses could always move out of state. Picking up stakes and moving, after all, is time-honored if cumbersome means of seeking lower taxes.
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