Issue 1_2022_VIEWpoint | Page 12

Most U . S . -based businesses are familiar with its federal tax return requirements but regularly overlook the tax laws set and enforced by state governments . If you conduct business activities across the United States , you may be unknowingly creating nexus in other states — increasing your tax liabilities and risk .

IS YOUR BUSINESS ACTIVITY

CREATING NEXUS ?

By Elizabeth Potocki , CPA Shareholder , State and Local Tax Group
Most U . S . -based businesses are familiar with its federal tax return requirements but regularly overlook the tax laws set and enforced by state governments . If you conduct business activities across the United States , you may be unknowingly creating nexus in other states — increasing your tax liabilities and risk .
10 VIEWpoint Issue 1 | 2022