Tag Archives: multistate tax

ANOTHER MOVE TOWARD ECONOMIC NEXUS

How is Indiana changing the way it views nexus?

Multistate tax can be a cumbersome issue. When businesses sell their products across state lines, they need to think about whether they have taxable presence, or nexus, in the state and if their products are taxable.

Generally companies establish nexus by having a physical presence in the state. However, several states are pushing the boundaries of defining the physical presence in order to generate more revenue. Welcome to the concept of “economic nexus.”

 

Nexus and Physical Presence

As we discuss in a previous post, “nexus” is the term used to describe the minimum connection that a company (taxpayer) must have with the state in order for the state to be able to subject the company to its state taxing schemes (including sales tax, income tax, gross receipts tax and others). Nexus is normally established by companies having a physical presence in the state, by virtue of having employees, or third party contractors acting on their behalf in a state, or the presence of a warehouse or storefront in the state.  Inventory in a state can also create nexus. Continue reading

FOCUS ON HAWAII

Diamond Head and Waikiki on Oahu, Hawaii

Aloha! This month we travel across the ocean to the island paradise of Hawaii. In the state, you can attend a luau to experience true Hawaiian culture, relax on the beach or hike in one of the many tropical forests or mountains.

Hawaii is unique because it the only state made up of part of the volcanic Hawaiian archipelago, which consists of hundreds of islands spread over 1,500 miles. At the southeastern end of the archipelago are eight islands known as the state of Hawaii. They are: Niihau, Kauai, Oahu, Molokai, Lanai, Kahoolawe, Maui and Hawaii.

Due to its central location in the Pacific Ocean and its 19th-century labor migration, Hawaii’s culture is strongly influenced by North American and Asian cultures, in addition to its indigenous Hawaiian culture. This is exhibited by the many customs and food cuisines that Hawaii has to offer. For example, it is customary to bring a small gift for one’s host (i.e., a dessert). Many Hawaiian plates have been influenced by Polynesian, Asian and American foods as well.

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Rainmaking – It’s On Sale

Sale - the word of the white letters hanging on the ropes on a red background

Rainmaking – Black Friday Sale!

Happy Day After Thanksgiving to you and yours! This blog is posting on Black Friday.  Why do I have time to write a blog today?  Because I’m NOT one of the 137 million Americans who will begin their Christmas shopping – either in stores or online this weekend.  Yes, wholly 40% of Americans shop this weekend. But it’s not a tradition that I partake in.  For all of you that DO – you’ll certainly be in good company.  Enjoy and charge safely out there!

But the thought of Black Friday got me thinking about the concept of offering special deals in general.  Should service providers like CPAs, attorneys and other professionals ever offer specials?  I’m in the process of offering one right now.  Not in my multistate business, but on the Rainmaking side of the house.  And I’m still trying to decide if it’s a good idea.

Here’s the situation:

The multistate side of Miles Consulting Group has been my main source of revenue for almost 15 years.  Last year, in addition to multistate, I launched a speaking and educational program called Jumpstart Your Rainmaking. It’s all about helping professionals who need to sell their services.  I use my 20+ years of experience in selling consulting services to train colleagues on developing their sales mindset, identifying their perfect target client, selecting the best direct and indirect marketing strategies to get in front of that audience, putting together a viable written plan, and then keeping themselves accountable.  The program is delivered in a variety of ways – live speaking presentations, customized training for CPA firms, and a three part webinar series.  Each delivery format is a little different, and offers training to people in ways that make sense to them.

Right now, we are preparing to offer the three part webinar series – a three week commitment (an hour per week) in December.  Webinar participants will benefit from the items mentioned above, and will also learn how to develop their 2017 revenue generation plan.  Before January, our program participants will have an easy to follow, measurable plan which will help them generate revenue in their pipeline next year. Continue reading

FOCUS ON GEORGIA

Centennial Olympic Park and surrounding buildings in Atlanta at night

Centennial Olympic Park in Atlanta

The last of the original thirteen colonies is Georgia, the Peach State. Georgia is also known as the Empire State of the South. The state has varied terrain with mountains and natural rock in the northwest, urban areas, forest in the southern part and farmland.

There are also many points of interest that attract visitors to Georgia. In Atlanta, there are the World of Coca-Cola and the Georgia Aquarium. Stone Mountain, just north of Atlanta, is Georgia’s most popular attraction, receiving over 4 million visitors per year. Callaway Gardens, in western Georgia, is a family resort. The area is also popular with golfers.

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