**What Is No Income Tax? Which States Do Not Have It?**

What Is No Income Tax, and how can it benefit your business ventures? No income tax can significantly impact your financial strategies and business collaborations, especially when seeking strategic partnerships to boost revenue. Discover opportunities to optimize your income and form lucrative alliances on income-partners.net, where expertise meets innovation. Uncover untapped financial advantages, identify optimal collaboration opportunities, and explore strategies to grow your business in tax-friendly states with income-partners.net.

1. What Does “No Income Tax” Really Mean?

No income tax means that a state does not impose a tax on the income its residents or businesses earn. This can lead to substantial financial benefits. States without income tax often attract entrepreneurs and investors, making them hubs for business collaboration and growth. Let’s explore what this could mean for your business partnerships and revenue strategies.

The absence of state income tax can significantly improve cash flow and profitability for both individuals and businesses. This financial advantage can be reinvested into business growth or strategic collaborations, especially with partners found on platforms like income-partners.net. According to a study by the Tax Foundation, states with no income tax often see increased economic activity and business formation.

2. Which States Do Not Have an Income Tax?

Which states offer this enticing tax-free environment? There are eight states in the U.S. that do not impose a state income tax:

Alaska
Florida
Nevada
South Dakota
Tennessee
Texas
Washington
Wyoming

Additionally, New Hampshire only taxes income from interest and dividends. These states offer unique opportunities for individuals and businesses to optimize their financial strategies and explore innovative partnerships.

These states often compensate for the lack of income tax through higher sales, property, or excise taxes. However, the absence of an income tax can still be a significant draw for certain businesses and individuals. For example, Texas, a state with no income tax, has become a magnet for businesses relocating from higher-tax states, leading to increased collaboration and partnership opportunities within the state, many of which are highlighted on income-partners.net.

3. What Are the Advantages of Living or Doing Business in a State With No Income Tax?

What advantages can you gain from operating in a no-income-tax state? Living or doing business in a state with no income tax offers several key benefits:

Increased Disposable Income: Individuals have more money available for spending, saving, or investing.
Business Attractiveness: Companies can reinvest more profits into growth and expansion.
Talent Magnet: Skilled professionals are often drawn to these states due to the lower tax burden.
Simplified Tax Filing: The absence of state income tax simplifies tax compliance for individuals and businesses.
Investment Opportunities: More money in the hands of residents can lead to increased investment in local businesses and startups.

These advantages can foster a vibrant business environment, making these states attractive for potential collaborations and partnerships. For example, Florida’s booming real estate market benefits from its no-income-tax status, attracting investors and developers alike, many of whom seek strategic alliances through platforms like income-partners.net.

4. What Are the Trade-Offs?

Are there any downsides to consider? While no-income-tax states offer significant financial benefits, they often come with trade-offs:

Higher Sales Tax: States may compensate for the lack of income tax by imposing higher sales taxes.
Increased Property Tax: Property taxes may be higher to fund local services.
Excise Taxes: Taxes on specific goods like gasoline or alcohol may be elevated.
Reduced Public Services: Depending on the state’s financial management, public services may be less comprehensive compared to states with income tax.
Reliance on Other Revenue Streams: The state’s economy may be more vulnerable to fluctuations in tourism, natural resource extraction, or specific industries.

It’s essential to consider these factors when evaluating whether a move to a no-income-tax state is the right decision for your business or personal finances. For instance, Washington state’s high gas tax helps fund its infrastructure, but it can also impact transportation costs for businesses. Despite these trade-offs, the strategic use of partnerships, especially those facilitated by income-partners.net, can help mitigate potential disadvantages.

5. How Do States Without Income Tax Fund Public Services?

How do these states manage to provide essential services? States without income tax rely on alternative revenue sources:

Sales Tax: A percentage of the price of goods and services.
Property Tax: Taxes on real estate and other properties.
Excise Taxes: Taxes on specific items like gasoline, alcohol, and tobacco.
Tourism Revenue: Income from tourism-related activities.
Natural Resource Extraction: Revenues from oil, gas, and mining.
Federal Aid: Funds received from the federal government.

Each state employs a unique mix of these revenue streams to fund its public services, balancing the needs of its residents and businesses. Alaska, for instance, relies heavily on oil revenues, while Nevada benefits significantly from tourism and gaming taxes. This diverse funding approach allows these states to maintain essential services while remaining attractive to businesses and individuals seeking lower tax burdens.

6. What Is the Impact on Public Education in These States?

How does the lack of income tax affect education? The impact on public education varies:

Lower Per-Student Spending: Some no-income-tax states may have lower per-student spending compared to states with income tax.
Innovative Funding Models: Some states explore alternative funding models, such as public-private partnerships.
Focus on Efficiency: States may prioritize efficiency and cost-effectiveness in education spending.
Local Funding: Property taxes often play a significant role in funding local schools.
Varied Outcomes: Educational outcomes can vary widely depending on the state’s specific policies and priorities.

For example, while Florida has no income tax and lower per-student spending, it has implemented various education reforms to improve outcomes. Collaboration with educational institutions, as highlighted on income-partners.net, can provide innovative solutions and support for the education sector in these states.

7. What Are the Best Tax Software Options for Filing State Taxes?

Navigating state taxes can be complex. What software can help? Here are some top tax software options for filing state taxes:

Cash App Taxes: Best for free state filing, offering access to almost every IRS form and schedule.
Jackson Hewitt Tax Service: Ideal for paid state filing with a flat fee for online filing.
TurboTax: Known for its ease of use and step-by-step guidance, especially for simple returns.
H&R Block: Offers live support and AI Tax Assist, suitable for those needing assistance.

These software options can simplify the tax filing process and ensure accuracy, whether you’re dealing with a no-income-tax state or one with a complex tax system. For businesses seeking to optimize their financial strategies, platforms like income-partners.net can connect you with tax professionals and financial advisors who can provide expert guidance.

8. When Are State Taxes Typically Due?

What are the critical dates to remember? State taxes are traditionally due on April 15, aligning with the federal tax deadline. However, some states have different deadlines:

Hawaii: April 20, 2025
Delaware: April 30, 2025
Iowa: April 30, 2025
Virginia: May 1, 2024
Louisiana: May 15, 2025

Always check your state’s Department of Revenue website for the most accurate and up-to-date information. Additionally, regions declared disaster zones by FEMA may receive extensions on filing taxes. Staying informed about these deadlines is crucial for maintaining compliance and avoiding penalties, especially when managing business partnerships in multiple states through platforms like income-partners.net.

9. How Does Texas Manage Without a State Income Tax?

How does Texas thrive without income tax revenue? Texas compensates for the lack of a state income tax through:

High Property Taxes: Texas has some of the highest property taxes in the U.S.
Sales Tax: An average combined state and local sales tax rate of 8.20%.
Oil and Gas Industry: Significant revenue from oil and gas production.
Diverse Economy: A strong and diversified economy that attracts businesses.
Population Growth: Rapid population growth contributes to increased tax revenues.

Texas’s strategic location, business-friendly environment, and diverse economy make it an attractive hub for entrepreneurs and investors, as noted by the University of Texas at Austin’s McCombs School of Business. The absence of an income tax, combined with these factors, fosters a thriving business ecosystem, where strategic partnerships facilitated by income-partners.net can flourish.

10. What Happens If You Miss the Tax Deadline?

What are the consequences of late filing? If you miss the tax deadline:

Penalty for Owing Money: You will incur a penalty that increases the longer you wait to file.
Loss of Refund: If you are owed a refund, you typically have three years to file and claim it.
Interest Charges: Interest will accrue on any unpaid tax balance.
Potential Legal Action: In severe cases, the IRS may take legal action to collect unpaid taxes.
Impact on Credit Score: Unpaid tax debts can negatively impact your credit score.

Avoid these consequences by filing your taxes on time and accurately. If you need assistance, consult with a tax professional or use tax software to help you navigate the process. For businesses, maintaining financial health and tax compliance is crucial for sustaining successful partnerships, especially those formed through networks like income-partners.net.

11. Where Can You Track Your State Tax Refund?

Wondering about your refund status? Visit your state Department of Revenue website to track the status of your state tax refund. Most states offer online tools that allow you to check the progress of your refund using your social security number and filing information.

Staying informed about your refund status can help you plan your finances and manage your cash flow effectively. For businesses engaged in multiple partnerships across different states, this information is particularly valuable for maintaining financial stability and strategic planning. You can find links to each state’s Department of Revenue website on the IRS website.

12. Are There Any States With No Sales Tax or Property Tax?

Can you avoid both income and sales taxes? While some states have no income tax, none have both no sales tax and no property tax. Every state relies on at least one major form of taxation to fund public services. However, some states come close to minimizing these taxes:

Alaska: Has no state income tax and no statewide sales tax, but local municipalities may impose sales taxes.
New Hampshire: Only taxes interest and dividends, with no general sales tax, but has high property taxes.
Delaware: Has no sales tax, but does have a gross receipts tax on businesses and property taxes.

Understanding the tax landscape of each state is crucial for optimizing your financial strategy and identifying potential opportunities for business collaboration. Platforms like income-partners.net can provide valuable insights and connections to navigate these complexities.

13. How Does State Tax Policy Affect Business Partnerships?

What role does tax policy play in collaborations? State tax policies significantly influence business partnerships:

Location Decisions: Businesses often choose to locate in states with favorable tax environments to maximize profits.
Incentives and Credits: Some states offer tax incentives and credits to attract specific industries or investments.
Compliance Costs: Varying state tax laws can increase compliance costs for businesses operating in multiple states.
Competitive Advantage: Businesses in lower-tax states may have a competitive advantage over those in higher-tax states.
Investment Opportunities: States with favorable tax policies can attract more investment, fostering a vibrant business ecosystem.

For example, a tech startup might choose to partner with a firm in Washington state to benefit from its no-income-tax status and thriving tech industry. Strategic partnerships, especially those facilitated by income-partners.net, can help businesses navigate these tax implications and optimize their financial strategies.

14. What Are the Tax Implications of Remote Work in Different States?

How does remote work impact state taxes? The rise of remote work has created new challenges and opportunities for state tax compliance:

Nexus: Remote employees can create a “nexus,” or business presence, in a state, requiring the employer to pay taxes there.
Income Tax Withholding: Employers must withhold state income taxes based on the employee’s work location, not necessarily their residence.
Reciprocity Agreements: Some states have reciprocity agreements, allowing employees to pay taxes only in their state of residence.
Complexity: Navigating these rules can be complex, requiring careful tracking of employee locations and state tax laws.
Opportunity: Remote work allows businesses to tap into talent pools in different states, potentially benefiting from lower tax environments.

For example, a company based in California might hire a remote worker in Texas to leverage the no-income-tax environment. Understanding these tax implications is essential for managing remote teams and optimizing your business’s financial strategy. Platforms like income-partners.net can connect you with experts who can help you navigate these complexities.

15. What Role Do Property Taxes Play in States Without Income Tax?

Why are property taxes so important in these states? Property taxes often play a crucial role in funding local services in states without income tax:

Funding Local Services: Property taxes primarily fund local schools, infrastructure, and public safety.
Higher Rates: States without income tax may have higher property tax rates to compensate for the lost revenue.
Local Control: Property taxes are typically administered and controlled at the local level.
Impact on Homeowners: Higher property taxes can impact homeowners’ affordability and property values.
Business Costs: Businesses that own property also pay property taxes, affecting their overall operating costs.

For example, Texas has some of the highest property taxes in the U.S., which support its strong local school districts and infrastructure. Understanding the role of property taxes is essential for making informed decisions about where to live and do business.

16. How Can Businesses Leverage No-Income-Tax States for Growth?

What strategies can businesses employ? Businesses can strategically leverage no-income-tax states for growth:

Relocation: Consider relocating your business to a no-income-tax state to reduce your overall tax burden.
Strategic Partnerships: Partner with businesses in no-income-tax states to expand your market reach and access new resources.
Remote Work: Hire remote employees in no-income-tax states to reduce your payroll tax costs.
Investment Opportunities: Invest in businesses and real estate in no-income-tax states to capitalize on their favorable economic environments.
Tax Planning: Develop a comprehensive tax plan that takes advantage of the tax benefits offered by no-income-tax states.

By strategically leveraging these opportunities, businesses can optimize their financial performance and achieve sustainable growth. For instance, a tech company might relocate its headquarters to Texas to benefit from the state’s no-income-tax environment and thriving tech industry. Platforms like income-partners.net can facilitate these strategic partnerships and provide valuable insights into navigating state tax policies.

17. What Are the Key Differences Between Progressive, Flat, and No Income Tax Systems?

What distinguishes these different tax models? Understanding the distinctions between progressive, flat, and no income tax systems is crucial for making informed financial decisions:

Progressive Tax: Higher earners pay a higher percentage of their income in taxes.
Flat Tax: Everyone pays the same percentage of their income in taxes, regardless of income level.
No Income Tax: No tax is imposed on income, relying on other revenue sources.

Each system has its own advantages and disadvantages, impacting individuals and businesses differently. Progressive tax systems aim to redistribute wealth and fund robust public services, while flat tax systems promote simplicity and neutrality. No income tax systems can attract businesses and investment but may require higher taxes on other areas like sales or property.

18. How Does the Lack of State Income Tax Affect Retirement Planning?

What are the retirement planning implications? The lack of state income tax can significantly impact retirement planning:

More Retirement Income: Retirees can keep more of their retirement income, such as Social Security and pensions.
Lower Tax Burden: Reduced tax burden allows retirees to stretch their savings further.
Attractive Retirement Destination: States with no income tax often become popular retirement destinations.
Estate Planning: No state income tax can simplify estate planning and reduce potential tax liabilities.
Financial Flexibility: Retirees have more financial flexibility to pursue their interests and enjoy their retirement.

For example, Florida’s no-income-tax status makes it an attractive retirement destination for many Americans. Strategic partnerships with financial advisors, facilitated by income-partners.net, can help retirees optimize their financial plans and make the most of their retirement income.

19. What Financial Strategies Are Best Suited for No-Income-Tax States?

What financial strategies work best in these states? Financial strategies that are well-suited for no-income-tax states include:

Maximize Savings: Take advantage of the lower tax burden to maximize savings and investments.
Invest in Real Estate: Consider investing in real estate, as property values may appreciate due to increased demand.
Diversify Investments: Diversify your investment portfolio to mitigate risks and maximize returns.
Plan for Property Taxes: Factor in property taxes when making financial decisions, as they may be higher than in other states.
Consult a Financial Advisor: Seek professional advice to develop a tailored financial plan that takes advantage of the state’s tax benefits.

By implementing these strategies, individuals and businesses can optimize their financial performance and achieve their financial goals in no-income-tax states. Strategic partnerships with financial institutions, as highlighted on income-partners.net, can provide access to resources and expertise to help you succeed.

20. What Opportunities Exist for Entrepreneurs in States Without Income Tax?

Are there more startup opportunities? States without income tax often offer unique opportunities for entrepreneurs:

Lower Operating Costs: Reduced tax burden lowers operating costs, increasing profitability.
Attract Investment: Favorable tax environment attracts investors and venture capital.
Talent Acquisition: Skilled professionals are often drawn to these states, expanding the talent pool.
Business-Friendly Policies: States may have business-friendly policies and regulations to support entrepreneurship.
Networking Opportunities: Thriving business ecosystems provide valuable networking opportunities.

For example, Texas has become a hub for tech startups due to its no-income-tax status, business-friendly environment, and access to talent. Platforms like income-partners.net can connect entrepreneurs with mentors, investors, and strategic partners to help them launch and grow their businesses.

21. How Does the Cost of Living Compare in States With No Income Tax?

Is it cheaper to live in these states? The cost of living in states with no income tax varies widely:

Property Values: May be higher in desirable areas, impacting housing costs.
Sales Tax: Higher sales taxes can increase the cost of goods and services.
Utilities: Utility costs may vary depending on the state’s energy sources and regulations.
Healthcare: Healthcare costs can be similar to other states, but access and quality may vary.
Transportation: Transportation costs may be higher due to reliance on personal vehicles and higher gas taxes.

It’s important to research the cost of living in specific cities and regions within these states to determine affordability. For instance, while Texas has no income tax, its major cities like Austin and Dallas can have relatively high housing costs.

22. What Should You Consider Before Moving Your Business to a No-Income-Tax State?

What factors should businesses weigh before relocating? Before moving your business to a no-income-tax state, consider the following:

Overall Tax Burden: Evaluate the overall tax burden, including property, sales, and excise taxes.
Regulatory Environment: Assess the state’s regulatory environment and business-friendly policies.
Access to Talent: Ensure access to a skilled workforce that meets your business needs.
Infrastructure: Evaluate the quality of infrastructure, including transportation, utilities, and communication networks.
Market Opportunities: Assess the market opportunities and potential for growth in the state.
Cost of Living: Consider the cost of living for your employees and its impact on their quality of life.

By carefully evaluating these factors, you can make an informed decision about whether moving your business to a no-income-tax state is the right strategic move. For instance, a manufacturing company might consider relocating to Wyoming to benefit from its no-income-tax status and lower regulatory burden.

23. What Resources Are Available to Help You Navigate State Tax Policies?

Where can you find reliable information and support? Navigating state tax policies can be complex, but numerous resources are available to help:

State Department of Revenue Websites: Provide detailed information on state tax laws, regulations, and forms.
Tax Professionals: Offer expert guidance on tax planning, compliance, and optimization.
Financial Advisors: Help you develop a comprehensive financial plan that takes advantage of state tax benefits.
Small Business Administration (SBA): Provides resources and support for small businesses, including tax information.
Tax Software: Simplifies tax filing and ensures accuracy.

By leveraging these resources, you can confidently navigate state tax policies and make informed financial decisions. Platforms like income-partners.net can connect you with tax professionals, financial advisors, and other experts who can provide valuable guidance.

24. How Do State and Federal Taxes Interact?

What is the relationship between these two? State and federal taxes interact in several ways:

Federal Deduction for State Taxes: Taxpayers can deduct state and local taxes (SALT) on their federal income tax returns, subject to certain limitations.
Federal Tax Credits: Some federal tax credits, such as the Earned Income Tax Credit, may be affected by state income tax policies.
Coordination: The IRS and state tax agencies coordinate to enforce tax laws and share information.
Impact on Tax Planning: State tax policies can influence federal tax planning strategies, and vice versa.
Compliance: Taxpayers must comply with both state and federal tax laws, which can be complex and require careful planning.

Understanding how state and federal taxes interact is essential for optimizing your overall tax strategy and ensuring compliance. Consulting with a tax professional can help you navigate these complexities and make informed decisions.

25. What Are Some Common Myths About States With No Income Tax?

What misconceptions should you avoid? There are several common myths about states with no income tax:

Myth: No taxes at all: These states still have property, sales, and excise taxes.
Myth: Public services are poor: States find alternative funding methods for education and infrastructure.
Myth: Everyone benefits: High property taxes may offset benefits for some homeowners.
Myth: Easy to relocate: Moving involves logistical and financial planning.
Myth: Always better for businesses: Consider industry, regulations, and workforce before relocating.

Understanding the reality behind these myths can help you make informed decisions about whether a no-income-tax state is right for you or your business. Conducting thorough research and seeking expert advice are crucial for avoiding costly mistakes.

26. How Can Income-Partners.Net Help You Navigate These Tax Landscapes?

How can this platform assist you in making informed decisions? income-partners.net provides valuable resources and connections to help you navigate state tax policies:

Expert Insights: Access expert insights on state tax laws and regulations.
Strategic Partnerships: Connect with tax professionals, financial advisors, and other experts who can provide guidance.
Business Opportunities: Discover business opportunities in no-income-tax states and other favorable tax environments.
Networking: Network with entrepreneurs, investors, and business leaders who can share their experiences and insights.
Resources: Access a wealth of resources, including articles, guides, and tools, to help you make informed decisions.

By leveraging the resources and connections available on income-partners.net, you can confidently navigate state tax policies and optimize your financial strategies for success.

27. What Emerging Trends Are Shaping State Tax Policies?

What developments are on the horizon? Several emerging trends are shaping state tax policies:

Remote Work: States are grappling with how to tax remote workers and businesses with remote employees.
Digital Economy: States are exploring ways to tax digital products and services.
Cannabis Industry: Legalized cannabis is creating new revenue streams for states but also raising complex tax questions.
Tax Competition: States are competing to attract businesses and residents by offering tax incentives and reforms.
Economic Uncertainty: Economic fluctuations are forcing states to adapt their tax policies to maintain fiscal stability.

Staying informed about these emerging trends is crucial for anticipating changes and making proactive financial decisions. income-partners.net provides up-to-date information and insights on these trends, helping you stay ahead of the curve.

28. What Legal Considerations Should You Keep in Mind?

What legal aspects should you consider? Legal considerations are essential when navigating state tax policies:

Residency Requirements: Establishing residency in a no-income-tax state may require meeting specific requirements.
Nexus: Businesses must understand the concept of nexus and how it applies to their operations in different states.
Tax Audits: Be prepared for potential tax audits and maintain accurate records.
Compliance: Comply with all state tax laws and regulations to avoid penalties and legal issues.
Legal Advice: Seek legal advice from qualified attorneys to ensure compliance and protect your interests.

Addressing the Challenges: Finding the Right Partners

Navigating the complexities of business partnerships can be challenging. Income-partners.net offers solutions:

Finding the Right Partners: Our platform helps you identify partners who align with your business goals and share your vision.
Building Trustworthy Relationships: We provide tools and resources to help you build strong, reliable partnerships.
Negotiating Mutually Beneficial Agreements: Access templates and guidance to create win-win partnership agreements.
Managing Long-Term Partnerships: Learn strategies for maintaining and growing successful partnerships.
Measuring Partnership Effectiveness: Track and evaluate the performance of your partnerships to ensure they deliver results.
Discovering New Partnership Opportunities: Stay updated on the latest trends and potential collaboration opportunities.

29. What Tools and Technologies Can Help You Manage State Taxes?

What technological solutions are available? Several tools and technologies can help you manage state taxes:

Tax Software: Simplifies tax filing and automates calculations.
Accounting Software: Tracks income, expenses, and tax-related information.
Cloud-Based Solutions: Provide access to tax and accounting data from anywhere.
Mobile Apps: Allow you to manage taxes on the go.
Automation Tools: Automate repetitive tasks, such as data entry and reconciliation.

By leveraging these tools and technologies, you can streamline your tax management processes and reduce the risk of errors. Platforms like income-partners.net can connect you with technology providers and experts who can help you choose and implement the right solutions for your business.

30. What Are the Benefits of Seeking Professional Tax Advice?

Why should you consider consulting a tax expert? Seeking professional tax advice offers numerous benefits:

Expert Guidance: Tax professionals provide expert guidance on tax planning, compliance, and optimization.
Customized Strategies: They develop customized strategies tailored to your specific financial situation.
Up-to-Date Knowledge: They stay up-to-date on the latest tax laws and regulations.
Error Reduction: They help you reduce the risk of errors and penalties.
Time Savings: They save you time and effort by handling complex tax tasks.
Peace of Mind: They provide peace of mind knowing that your taxes are being handled correctly.

By consulting a tax professional, you can make informed financial decisions and optimize your tax strategy for maximum benefit. Platforms like income-partners.net can connect you with qualified tax professionals who can provide valuable advice and support.

Are you ready to explore the possibilities? Visit income-partners.net today to discover how you can leverage strategic partnerships and no-income-tax states to grow your business and increase your income. Don’t miss out on the opportunity to connect with potential partners and unlock new levels of success.

State Taxes FAQs

Does Texas have a state income tax?

No, Texas is among the states that do not charge a state income tax. However, it has one of the highest property taxes in the U.S. and an average combined state and local sales tax rate of 8.20%.

What happens if I miss the tax deadline?

If you miss the deadline and owe money, you’ll incur a penalty that increases the longer you wait to file. If you have money coming back to you, however, you won’t incur a penalty, but you’ll only have three years to file and receive your refund.

Where is my state tax refund?

Visit your state Department of Revenue website to find out about tracking the status of your state tax refund.

Is it always better to live in a state with no income tax?

Not necessarily. While no income tax can be appealing, you should consider the overall tax burden, including property and sales taxes, as well as the quality of public services.

How do states without income tax fund their public services?

These states typically rely on higher sales taxes, property taxes, and other revenue sources such as tourism or natural resource extraction.

Are property taxes higher in states with no income tax?

In many cases, yes. States without income tax often rely more heavily on property taxes to fund local services like schools and infrastructure.

Can I deduct state taxes on my federal income tax return?

Yes, you can deduct state and local taxes (SALT) on your federal income tax return, but there is a limit to the amount you can deduct.

Do I need to file a state tax return if I live in a state with no income tax?

Generally, no. If your state doesn’t have an income tax, you don’t need to file a state income tax return.

How does remote work affect my state tax obligations?

If you work remotely for a company in another state, you may need to pay income tax in the state where your company is located, depending on the state’s tax laws and reciprocity agreements.

What is nexus, and how does it affect businesses?

Nexus is a legal term that refers to the connection between a business and a state. If a business has nexus in a state, it may be required to collect and remit sales tax in that state. Remote employees can create a “nexus,” or business presence, in a state, requiring the employer to pay taxes there.

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