Too much water (which results in flooding) or too little water (which results from drought or overuse) can have a significant impact on electricity production. Similarly, certain forms of energy production require massive amounts of water. That water is often returned to water ways contaminated with pathogens from livestock, pesticides, nitrates in groundwater, trace metallic elements and emerging pollutants, including antibiotics and antibiotic-resistant genes excreted by livestock. This is the case in California – in the country’s most prolific agricultural region, agriculture accounts for 80 percent of all human water use in the state. Because food is often grown in more arid climates where water can be scarce, water is often taken out of other watersheds and transported long distances for irrigation. It takes water – a lot of it – to grow and produce food. Corporations use water footprints to understand how their processes use water and energy and where they can reduce both, thereby saving raw materials and money. Water footprints take an innovative approach to the Water-Energy-Food Nexus, because they help people understand those connections through the lens of their own water use. Consider how and where all three are used in the US – as events like droughts, oil spills and fluctuating food prices make clear, the US cannot view these systems in isolation. The connection between the systems is known as the Water-Energy-Food Nexus. Food and energy are equally dependent upon each other. It takes water to grow crops and produce energy and it takes a lot of energy to treat and move water. If one is found, we can recommend a variety of solutions to help you attack and defend against those problems.Food, water and energy systems are intimately connected with each other and water is a crucial component to making food and energy systems work. Rea’s SALT team can review the activities of your business to determine in which states and municipalities a filing requirement exists.Ī nexus study is often the first step as it will help you effectively diagnose whether there is a problem. What Is A Nexus Study?Ī nexus study documents your business activities in a state or states, and whether (and why) they do or do not create nexus. Going through this process now and all at once can save you a lot of time dealing piecemeal as states contact you regarding possible nexus. States are ramping up efforts to discover new sources of revenue and they often send out nexus questionnaires trying to find out if you have nexus. Simply put, understanding nexus and how it relates to your business activity can also save you a lot of time and worry! Knowing this information will allow you to make an informed business decision on whether or not you want to begin filing in a certain jurisdiction or assume the risk of being caught by a state. Your business has exposure for certain tax types.You no longer need to file in certain states or cities that you may have historically filed in.
Taking a closer look at your business's nexus situation is beneficial in that it can help you determine if: So, if your internal accounting team is telling you that you don’t have to file income tax in a particular state – they may very well be right! But, that doesn't necessarily mean that you wouldn’t have nexus for sales tax, franchise tax, or other tax type in that state! See what we mean? Why Take A Closer Look At Nexus? One of the frustrating things about nexus is that you can have nexus for one tax type and not another.
Nexus laws are always changing and it’s important to stay on top of them. Deal with Income tax, licenses, and other things.Pay withholding on wages for employees working in the state.state, like Ohio, could result in you having to: And it is these sufficient connections with a jurisdiction (municipality, state, or even another country) that allows a particular jurisdiction to subject your business to their tax laws.įor example, having nexus with a U.S. You might be wondering " what is nexus?" Well, nexus is just a fancy word for “connections” with a particular taxing jurisdiction.