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Title: South Carolina Withholding Tax Tips for Remote Employees
The South Carolina Department of Revenue (SCDOR) recently released a summary of tips to assist employers dealing with withholding tax compliance for their remote workforce. The rules for remote employees are complicated in many states & the pandemic made this a critical priority for many employers. Here are some highlights from the SCDOR tips:
- If you live in South Carolina and work from home for an out-of-state employer, South Carolina income taxes should be withheld from your paycheck, and you will need to file a South Carolina individual income tax return.
- If you are an out-of-state employer with remote employees who work in South Carolina, in general you must register, collect and remit South Carolina withholding taxes on behalf of your SC workforce.
- If you are an employer in South Carolina and hire employees who are not South Carolina residents and work outside of South Carolina, you will likely be required to withhold income taxes from the wages for the state the remote employee is physically located in.
Click here for more information and to view the full article from SCDOR.
About GreerWalker LLP
GreerWalker LLP provides tax, accounting, and advisory services focused on the needs of privately-held middle-market companies and their owners throughout the US and around the globe.
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With over 135 associates, we are one of the ten largest CPA firms in our region and among the top 200 CPA firms in the United States. We have repeatedly been recognized as one of the nation’s “Best of the Best” accounting firms by Inside Public Accounting based on our overall superior financial and operational performance.
About the Author
Jason Pritchard is a partner in GreerWalker’s Greenville, SC tax practice. Jason joined GreerWalker in 2017. Prior to joining the firm, Jason was most recently responsible for the oversight of state & local tax accounting and compliance at a global top five financial institution.
In addition, Jason spent 10+ years at a Fortune 50 retail company where he was responsible for all aspects of federal, state & international taxation. Jason has 20+ years of experience evaluating and resolving US federal and state audit issues, the financial evaluation of proposed mergers and acquisitions and in the development and implementation of strategic business technology. Jason also works with clients to identify and implement federal, state & local tax and development incentives.
For questions and guidance about these changes, reach out to Jason at firstname.lastname@example.org or (864) 752-0084.
The information contained herein is general in nature and based on authoritative guidance that is subject to change. Neither GreerWalker LLP nor GreerWalker Corporate Finance LLC (collectively, “GreerWalker”) guarantee the accuracy or completeness of any information and are not responsible for any errors or omissions, or for results obtained by others as a result of reliance upon such information. GreerWalker assumes no obligation to inform the reader of any changes in tax laws, regulations, accounting standards, or other factors that could affect information contained herein. This publication does not, and is not intended to provide legal, tax or accounting advice, and readers should consult their advisors concerning the application of tax laws or accounting guidance to their particular situation. Any tax analysis in this publication is not advice and is not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer.