Washington Publishes Economic Nexus Online Video Tutorial | AccountingWEB

Washington Publishes Economic Nexus Online Video Tutorial

As I have stated previously, in June 2010, Washington adopted “economic nexus” for businesses that report under apportionable business and occupation tax classifications. For these classifications, your business does not need to have a physical presence to have nexus and be subject to Washington tax.

With the adoption of economic nexus, Washington also changed the way businesses apportion their taxable income between Washington and other states and countries.

For more info, check out Washington's website where they have added an online video tutorial.

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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 strahle@leveragesalt.com.

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Because state and local taxes are deceptively simple and endlessly complicated.

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