State and local taxes – Get a clear idea of your SALT obligations

Description

Abstract: When a dealership operates stores in different cities and states, it may be responsible to other municipalities and states for payments of state and local income and sales and use taxes. And many state and city governments are ramping up enforcement of filing requirements of out-of-state companies as they attempt to balance their budgets. This article explains the role of nexus and offers suggestions to simplify the process.