NEXUS…..Are You Connected to Multiple States????

In today's business environment many companies have become involved in interstate commerce, offering their products and services to customers beyond their home state.  As companies expand their businesses over state lines, either physically or over the internet, there is a strong likelihood that their state filing requirements have also expanded into these states. 

"Nexus" for tax purposes is the amount or degree of business activity that must be present before a state can impose their taxing jurisdiction on a taxpayer.  These levels are defined by state statutes and case law and vary from state to state.  There are differing nexus standards for required filings in the areas of registrations, payroll, net worth, and sales, as well as franchise and income taxes.

A "Nexus Study" will identify  whether the normal business activities of your company creates state tax filing requirements based on the various nexus standards.  We can help you make the necessary assessments of your multi-state business activities.

Should you have any questions, please feel free to contact your trusted advisor at DiSanto Priest & Co.  

401.921.2000

The Business Resource Center-An Introduction

Greetings!  We are sending this email to you not only to introduce ourselves but also to provide you with pertinent information concerning your business.  A brief introduction of who we are and what we do is provided below, but to get an idea of the full extent of the services we provide, please click on the link below.

The DiSanto, Priest & Co. Business Resource Center (BRC) provides specialized services for all types of small businesses.  We are staffed with accounting professionals with years of experience in both private business and public accounting providing tax, accounting, bookkeeping, controllership and advisory service to a wide variety of businesses.  Our management team has over 50 years of combined experience servicing small firms.  Click Here for BRC Services. 

>>Business Alert<<

  

Recently, a number of our clients received an official looking document via the U.S. Postal Service.  It appears to be a request from a State of Rhode Island agency, requesting corporate information and a $125 document fee.  It is not.  R.I. Secretary of State Ralph Mollis announced this past week that this is a scam.  Should you receive this type of communication do not pay or respond with the information requested.

  

Click on the links below for WPRI Channel 12 News Alert and a sample of this misleading letter.  Tomorrow night, Channel 10 is expected to broadcast a story on the scam.

http://www.wpri.com/dpp/news/12_for_action/businesses-beware-new-fee-scams-hit-ri

SAMPLE

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If you receive a letter such as this and are unsure of its legitamacy, plase feel free to contact me or your trusted advisor at DiSanto Priest & Co.  

401.921.2000