Monthly Archives

March 2011

Multistate withholding tax-hidden liabiltiy for many companies

By | Sales Tax, Uncategorized

During the past several weeks, I’ve spoken with multistate companies that are completely unaware that they may have (and probably do have) a responsibility for withholding income tax on the wages their employees earn outside of their home state.  About 15 years ago, this issue surfaced in the consulting industry following an issue that Andersen Consulting had with not handling withholding properly for employees who traveled and worked extensively in other states.

A quick look at the rules shows great diversity in what companies need to do.  Some states require withholding starting day-one of employment in their state.  I’m not aware of anyone who does this.   Other states-like Georgia- set some deminimis limits.  $5,000 of wages or 23 days per quarter before withholding is required.  Other states have similar limits.

To the employee, this would mean filing multiple state income tax returns.  Their home state would give credit for taxes paid to other states, so their may not be an actual tax cost unless the home state is Florida, Tennessee, Texas or a similar state that does not have an income tax.

In general, states are allowed to tax income earned or sourced to their state.  This rule applies equally to companies and to individuals.  This problem has usually been discussed in the context of athletes or entertainers, but the rule applies equally to consultants, contractors, or engineers who work in multiple states during a year.

For companies that have failed to do withholding, they may be 100% liable for any tax, interest, or penalties that should have been paid.  For example, if an employee who lives in North Carolina but comes to Georgia to work for 3 months during the year and earns $30,000, that employee would owe Georgia income tax on the $30,000 and would file as a non-resident.  North Carolina would allow a dollar for dollar credit for the Georgia tax paid.  His employee would need to do withholding on the wages and would send a W-2 with multiple state withholding being shown.  If the employer did not do this, it is highly unlikely the employee would make Georgia estimated payments.  Under audit, the employer could be held liable for the tax that should have been withheld and would be fined with penalties and interest.  This liability could go back many years.

As states continue to struggle for revenue, they may focus more on this tax. For companies that routinely deploy employees to other states to work for extended periods of time, this could be a large and completely hidden tax liability.

Ned Lenhart

Multistate income tax witholding

Fellow CPAs-Stop telling clients that servcies are not taxable

By | Retail, Tax Audit

During the past month I’ve been amazed at how many people I’ve talked with who have been advised by their CPA that “services are not taxable” so don’t worry about charging tax.  This statement has been provided without any research or thought as to what the company may be doing.  Especially when we are dealing with multistate services.  True, Georgia does not tax a lot of services that other states do, but they certainly tax a wide variety of transportation, amusement, and entertainment services that could include what your clients do.

Each state taxes different services.  Texas, for example, taxes a wide variety of real property services including certain remodeling services.  I’m trying to help unwind a mess that a company has because their Georgia CPA made a blanket statement that services were not taxable and there was nothing for them to worry about.  They later stated that they really never looked at the Texas rules, they just assumed that everyone was like Georgia.

If you are a CPA please take some time to carefully evaluate what your client’s do before you jump to the conclusion that the services they provide are not taxable.  Many states tax lots of services–New York, New Jersey, Florida, Texas, Pennsylvania, Washington DC, Washington, Ohio, Connecticut, and many more.

Ned Lenhart
President
Taxation of Services