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