"The Impact of Market-Based Sourcing on Professional Services Companies in New England"
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As more states, including New England, levy taxes based on customers’ locations, state and local tax compliance is only getting more difficult for professional services companies. Our review of state income tax trends for professional services companies provides:
Insight into why state tax compliance is uniquely challenging for professional services companies
Details on the state tax impact of the South Dakota v.Wayfair Supreme Court decision
An overview of the complexities involved with market-based sourcing and defining “market for sale”
How We Can Help
State tax laws in New England have changed. If you haven’t performed a state tax nexus evaluation recently, now may be a good time to re-examine your profile. Our team can help you:
Evaluate your state tax nexus profile
Plan for new state filing and tax requirements
Understand the impact “market for sale” requirements have on your organization
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