Tag Archives | nexus

State Apportionment

Corporations with a taxable presence in multiple states must assign, or apportion, their total taxable income to each state. Apportionment is designed to prevent over-taxation of company profits by spreading business income among states. First things first, a company must determine in what states to file. For government contractors especially, this is of the utmost […]

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State Income Tax Nexus

Did you know that when a business sends an employee or even an independent contractor into a state to provide services, it may be creating a taxable presence for itself in that state? In the tax world, this is what’s referred to as nexus. The term nexus is used to describe the minimum amount of […]

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