Access the
Maryland Office of the Comptroller
here.
The Maryland Office of the Comptroller is a state agency responsible for overseeing tax collection, revenue management, and financial reporting in the state of Maryland. As a key player in ensuring compliance with state tax laws and regulations, the Comptroller's office plays a crucial role in maintaining the financial stability and integrity of Maryland.
A biennial statement is a routine yet essential document relevant for businesses operating in multiple states. Compliance is essential when you have a remote or distributed team. If you have employees scattered across different states, each will have its own set of regulations.
Staying updated means your company maintains good standing with the authorities, ensuring business can run as smoothly as possible, no matter where your employees decide to work from.
The decision to hire remote workers can transform your business. You’ll have access to a national (or even global) talent pool, save on overhead costs, and provide a valuable incentive to join your team: According to a 2022 Future Forum study, 80% of knowledge workers desire a flexible work location. Remote work can also increase employee satisfaction and productivity, improve work-life balance, and even support diversity and inclusion—employees who lack transportation, can’t afford to live near the office, or even need to pick up the kids every day at noon won’t necessarily be precluded from full participation.
In recent years, a growing number of states in the U.S. have implemented laws requiring private businesses to offer retirement savings plans to their employees. This has created a new set of responsibilities for businesses that don’t already have retirement options. Those that fail to comply with these new laws may face penalties.
State-mandated retirement plans aim to address a retirement savings crisis in which millions of workers have no access to workplace retirement plans.
Kaitlin Edwards |Nov 4, 2024
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