SAP Concur's blog discusses new challenges in corporate tax compliance management, including diverse employee benefits, tax complexity under hybrid work models, and changing VAT regulations. The article notes many organizations still manage tax compliance manually while tax authorities have digitally transformed, requiring automation tools and cross-department collaboration to reduce risk.
SAP Concur article discusses how remote and hybrid work have expanded employee benefits, requiring businesses to manage tax compliance for taxable benefits. Travel spending dropped from 65% in 2019 to 33%, while miscellaneous spending rose. Blue dot analysis found 10-20% of transactions may include taxable benefits. Businesses need automated systems to accurately report taxable benefits and avoid audits and penalties. SAP Concur partners with Blue dot for Concur Benefits Assurance.
SAP Concur notes that the pandemic has led many organizations to revisit work models and employee benefits, and work-from-home arrangements may become the future norm. The article asks whether companies have given enough thought to the business expenses incurred by work-from-home employees, and invites readers to download a white paper on expense management considerations related to work-from-home policies.
SAP Concur blog recommends clear expense policies for work-from-home employees, covering internet, cellular, utilities, computer equipment, office furniture, and client gifts. It stresses defining reimbursement scope, pre-approval processes, and supplier choices, and suggests forming a stakeholder team to review the policy.
The article explores the rise of bleisure travel (business + leisure), with a market size of $692.7 billion and projected CAGR of 17.8%. 83% of workers have taken bleisure trips, and 22% would decline a business trip without extension options. Companies need policies to manage costs, compliance, and employee well-being.