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How to Avoid the Traps and Take Advantage of State Tax Opportunities for the Professional Service Industry
May 9, 2023
State tax is often an afterthought when keeping up with the daily demands of running a business. A sharp rise in remote work locations has pushed states to focus more on identifying non-filers, and vague state guidance often leaves taxpayers unsure of how to allocate their revenue across various states.
Most states have now enacted some form of a Pass-Through Entity Tax (PTET) election, which can result in significant federal tax savings in the right situations. Join us for up-to-date information on these topics and more.
Learning Objectives:
Learn how states are determining state tax nexus for professional service companies
Gain an understanding of how revenue is sourced among states for tax reporting purposes
Discover the potentially significant benefits of making state PTET and how they work
