Nexus Navigator Helping Canadian companies navigate the

www.pwc.com/ca/tax
48 States Face Budget Shortfalls in Fiscal 2010.
How can it impact you?
WA
MT
ME
ND
OR
ID
SD
WI
WY
NV
CA
VT
NH
MA
MN
CO
AZ
NM
MI
RI
PA
IA
NE
UT
NY
IL
KS
OK
OK
MO
AK
CT
DE
WV
VA
KY
MD
NC
TN
AR
SC
MS
TX
IN
OH
NJ
AL
GA
LA
FL
HI
Contact any one of our local PwC tax specialists for
more information.
Brad Gilewich
780 441 6857
[email protected]
James Merkosky
780 441 6858
[email protected]
Stephen Williams
403 441 6355
[email protected]
Nadia Manin
416 869 2687
[email protected]
Nexus
Navigator
Helping Canadian
companies navigate the
complex realities of US
state and local taxes
Are you at risk?
Nexus. It’s a big deal.
1.
Do you have US customers?
2.
Do you have anyone working for you in the
United States?
Did you know that businesses paid
over $500 billion of state and local
taxes in 2008 alone?[1] This includes
not only corporate income taxes, but
also franchise taxes, property taxes,
and sales and use taxes. And if you’re
a Canadian company doing business
in the US, are you fully aware of your
potential exposure to these taxes?
3.
Do you have any assets (including
inventory) located in the United States?
4.
Do you perform services in the United
States?
If you answered “yes” to any of these
questions, you may be subject to US state
and local taxes. PwC can help.
48 states face budget shortfalls for
fiscal 2010, many on the verge of
bankruptcy. US states have adopted
more aggressive methods in
generating revenue from its
taxpayers, especially those who are
delinquent or non-compliant.
In other words, there’s even greater
pressure on you to file your tax returns
and make regular tax payments to the
proper state authorities.
The message is clear: not knowing
your level of US state tax exposure
can have a profound impact on
your ability to raise money, sell
your company or go public. Your
corporate officers may even face
personal liabilities.
That’s why PwC has developed the
Nexus Navigator—proprietary software
that’s unique, innovative, and costeffective. Our local tax specialists will
use this web-based tool to assess your
state tax profile and potential
exposures.
[1]
U.S. Census Bureau, 2008 State Government
Tax Collection.
The PwC process
Need to assess your state tax profile and potential exposures?
Our two-step process involves:
Step I
• Meeting with you to complete the Nexus Navigator
Step II
• Analyzing results from Step I to determine where, based on state
laws, nexus may be present
• Providing a report summarizing our findings
• Discussing with you the US state tax exposures we have identified
• Proposing a path of remediation