On our last episode, we discussed the basics of apportionment of Income to multiple states for companies that sell tangible products. This time we will consider companies whose business is to provide services or intangible related transaction to customers.

As the business grows and expands, it may create a nexus in other states, requiring the company to file tax returns in multiple states. Here, we will discuss how taxable income is allocated or apportioned in several states.

Despite being better than expected, the risk of an economic recession lingers for the second quarter of 2023 in the US economy and stock market. In this review, we will examine various aspects, including the labor market, inflation, Fed tightening cycle, and other countries' economies.

Let's explain the concept of "nexus," which is crucial for understanding state taxation, using specific examples. Remember that for a company to be required to file taxes in a state, it must have a nexus or business relationship with that state. In this discussion, we'll focus on income tax nexus. Later on, we'll also address sales tax nexus.

In the comparison between public and private companies, we will explain what it means to "go public," as well as the requirements, advantages, and disadvantages of listing on the stock market in the United States.

Most of us have heard of sales taxes in the past with at least a vague idea of what it is: taxes imposed on sales. Although the concept may initially seem straightforward, the details behind when and where sales taxes are imposed in the United States can become unnecessarily complex without the appropriate resources. In addition, the concept of sales tax itself may be foreign to those who reside out of the US. Let’s spend some time covering the key concepts of sales taxes attributable to the US.