Posted: October 9th, 2022
The purpose of this assignment is to assess state taxation and the concept of apportionment. You will prepare a memo (750-1,000 words) for a client who is considering expanding business in multiple states. XYZ Corporation is your client and you regularly communicate with the CFO, Danny Client.
XYZ Corporation is a calendar year taxpayer that manufacturers equipment for businesses in Arizona, Kansas, and Oklahoma. XYZ has manufacturing facilities in Arizona and Oklahoma. In addition, there are various employees who reside and work in Kansas. The company headquarters are located in Arizona. A number of employees based in Arizona travel to Colorado and Utah to solicit sales from potential customers. After products are delivered to customers in Colorado and Utah, XYZ sends employees to install the products and conduct training. XYZ generates $100,200,000 of total revenue for all of its locations.
In the memo, address the following:
Provide the CFO with details of the potential tax and financial impact to XYZ Corporation for conducting business in multiple states.
While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.
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