Calculating how to source gross receipts is a key element in determining a staffing company’s state income tax liability. Staffing companies operating in multiple states should be aware of the growing trend in which states are migrating from a cost of performance-based sourcing method toward a market-based approach when determining where to properly source gross receipts derived from sales of services.
Navigating state and local tax law is a process that requires firms to be aware of definitions and facts outlined by individual states. The staffing industry is complicated because states approach different services we provide in unique ways. Staffing firms need to be cautious when filing taxes with consultants in other states to avoid tax penalties.
The staffing industry faces a challenge regarding nexus laws because they vary from state to state. Staffing firms need to be aware of how each state defines services. Services are subject to sales tax in some states, making attention to detail even more important.
Staffing firms need to thoroughly examine where their consultants are working, especially as we have experienced more remote work. Understanding the source of services and individual state tax laws is crucial in avoiding penalties.
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New York Staffing Association (NYSA)
P.O. Box 518, Mount Laurel, NJ 08054