State Tax Reporting (Nexus)

Managing state tax reporting can be a complicated process, especially for businesses with customers in multiple cities and states. There are various rules and regulations which must be followed otherwise penalties and late fees can arise. Unlike federal tax law where the same rules apply regardless of location, state tax requirements are established by each jurisdiction. In fact, even the criteria for determining when nexus (triggering event requiring tax payment) has been established is often different as well. This means the rules applicable to the collection and payment (including tax rate) in one state may be different than in another.  As a result, it is possible to have a filing obligation in a jurisdiction where the company may not be aware one exists. Given the complexity of nexus determination and filing rules, it is essential to work with a state and local tax (SALT) experienced provider to guide your efforts.

Sales Tax Reporting Experience

Klatzkin’s tax team has significant experience working with businesses to manage existing reporting requirements. Our team combines deep technical expertise with practical experience to implement a program that delivers value and offers peace of mind. Whether it is assistance with the management of current compliance efforts or an evaluation of liability, Klatzkin stands ready to help.