NJCPA published an article by Senior Tax Associate Nicholas Scher, about expiring COVID guidance and identifying nexus.

Excerpt:

The presence of employees in a state generally establishes enough of a connection with the state, or nexus, in order for the state to impose corporate income and franchise taxes, as well as sales and use taxes on businesses. Thus, telecommuting employees potentially create physical nexus in new states or cause employers to exceed P.L. 86-272 protection.

Click here to read a PDF version of the article >>

Coronavirus Resource Center

Have more questions about the impact of the coronavirus on your business? Visit Marcum’s Coronavirus Resource Center for up-to-date information.