Income Tax | Sales Tax | Payroll Tax | County Tax | City Tax | R&D Tax Credit
Common tax requirements include:
Taxes are typically levied at the federal, state, city, and county levels.
Multi-state taxation depends on nexus, which determines whether a business has enough connection to a state to require filing and paying taxes there.
Income Tax (IT) is based on a company's net income. States may levy this tax under different names, like Gross Receipts Tax, Franchise Tax, or B&O Tax (Business and Occupation).
Sales Tax (ST) is applied at the state level when an entity meets nexus regulations. It is collected from customers and paid to the state's tax department.