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If your company receives a benefit from business conducted in Oregon, you might have nexus. For example, if you contract with independent representatives to provide services for your customers, such as repair or warranty work, the activities of those representatives establish nexus for your corporation.
States cannot just impose income tax on a business whenever they want to; first there has to be a connection, called nexus, between the business and the state. In many states, there will be income tax nexus if the business has substantial economic activity there. Most of the time, physical presence is not needed.
Use Form OR-20, Oregon Corporation Excise Tax Return, to calculate and report the Oregon corporate excise tax liability of a business entity taxable as a C corporation doing business in Oregon.
The good news is that your ERC refund is not taxable income. However, the ERC will affect what payroll deductions you can claim. Businesses that receive the ERC must reduce their payroll expense deduction by the amount of the credit.
A sales tax nexus is created when a business has a sufficient connection to or presence in a state or jurisdiction, such as a physical presence or economic activity, which triggers a sales tax collection obligation.
A person will be deemed to have taxable nexus with Oregon for purposes of the CAT if they have property in Oregon with an original cost greater than $50,000, payroll in Oregon of greater than $50,000, their commercial activity in Oregon is greater than $750,000, if 25% of their property, payroll, or commercial activity ...
The most straightforward method of establishing nexus is to have a physical office with employees in a jurisdiction. Once you've established nexus, your company is responsible for collecting and remitting sales tax in that jurisdiction. However, this concept goes far beyond a physical office.
The PTE reports the nonresident owners' share of Oregon-source distributive income on one tax return, Form OC, Oregon Composite Return. PTEs must withhold tax for owners who do not elect to join the composite unless the owner files an affidavit. See Form OR-19 for withholding and affidavit instructions. Definitions.