In the graphics arts industry, where drop shipping or sending direct mailers across several states can be a regular request, sales and use tax compliance is a complex issue that should be on your radar. If your business is not familiar with the new requirements, keep reading!

Since March 2020, many small business owners and their advisors have been focused primarily on Paycheck Protection Program Loans (PPP), PPP forgiveness, and Employee Retention Tax Credits (ERTC). That focus certainly has made sense; however, as you wrap up your PPP forgiveness and ERTC calculations, this is a brief reminder not to forget about the research and development (R&D) tax credit.