TaxNewsFlash United States Article Index KPMG Form

Instructions and help about TaxNewsFlash United States Article Index KPMG

[Music] state and local tax referred to as salt is a tax service line focused on all the various ways companies may be subject to state and local tax all 50 states have their own tax laws applying to companies doing business within them in addition companies must abide by tax regulations set at the local level for example if a company has a store in Boston selling coffee cups that company will likely be subject to an income tax in Massachusetts for customers walking into the store that company may have to charge sales tax and remit it to the state when a customer makes a purchase if the company sells coffee cups over the Internet to a customer in Illinois the company could be subject to an income tax in Illinois and may have to charge sales tax when invoicing the customer tax is a major business consideration we have seen companies move their headquarters from one state to another largely driven by state tax laws impacting their business professionals in salt may research state tax law