AMERICA'S TOP STATES FOR BUSINESS: ARE YOU THINKING OF RELOCATING?
CNBC is supposed to unveil its Annual List of America's Top States for Business tomorrow. According to THIS ARTICLE, CNBC will base it's list on 10 broad categories
- Cost of doing business
- Infrastructure and transportation
- Quality of life
- Technology and innovation
- Business friendliness
- Cost of living
- Access to capital
The category with the biggest maximum points is "cost of doing business." This category takes into account the state and local tax burden of each state. Hence, state taxes will play a big part in CNBC's annual list.
I am anxious to see this list to see where each state will land.
Will your state fare well? Will you agree?
Better yet, how did you decide where to locate your business? Is it based on the above factors? Which factor is the most important to you and your business?
Are you thinking of relocating your business?
Brian Strahle is the owner of LEVERAGE SALT, LLC where he provides state and local tax technical services to accounting firms, law firms and tax research organizations across the United States. He also writes a weekly column in Tax Analysts State Tax Notes entitled, "The SALT Effect." For more info, visit his website: www.leveragestateandlocaltax.com
You can reach Brian at email@example.com.
Because state and local taxes are deceptively simple and endlessly complicated.