Do You Understand How Sales and Income Tax Nexus Impact Your Business?
States are increasingly expanding nexus laws to cast a wider net on taxpayers. Nexus is the necessary connection between a business and a state that allows the state to impose an income or sales and use tax. Although it may be obvious that a business has nexus in its headquarter state or a state where it has an office or employees, there are less obvious activities to consider. The nexus connection varies by jurisdiction and tax type; in fact, some states do not require any in-state physical presence before nexus is triggered.
Watch the video below to learn the less obvious activities that create nexus and real-life cost savings found during a nexus review, including a six-figure net tax benefit.