Working with an experience tax professional for tax preparation and tax planning services allows business owners to better manage their tax liabilities. For small business owners, taxes are usually their largest expense. Understanding how states tax businesses is important as it allows the business owner to minimize his or her tax liabilities and to avoid unexpected and unpleasant audit adjustments.
Peisner Johnson & Company of Plano, TX, a firm devoted to state and local taxes, shared with us its 10 Most Common Nexus-Creating Activities for Sales & Use Tax. Nexus is the tax terminology for the amount of contact a taxpayer has in a state that makes the taxpayer subject to the tax in that state. Peisner’s top ten activities for creating sales tax nexus are: [Read more…] about SALES TAX NEXUS