Payroll & Informational Returns
Payroll taxes can be confusing and difficult to manage.
We can help you set up regular payroll processing and reconcile your payroll withholding records. We accurately prepare all required monthly, quarterly, and year-end Federal and state payroll tax returns, which include Forms 940, 941, W-2, and W-3 for you on a timely basis. We also prepare the annual informational returns reporting payments to contractors on Forms 1099 and 1096.
Services
The latest from Hanson & Co.
Section 179D Deduction Set to Expire Mid-2026
Construction companies planning on energy-efficient commercial projects are approaching a key deadline. The Energy Efficient Commercial Building Deduction under Section 179D expires for projects that begin construction after June 30, 2026.
Firm Promotes Krystal Kowall to Shareholder
The firm is pleased to announce the promotion of Krystal Kowall, CPA, to Tax Shareholder.
IRS Releases New Guidance on Form 1099-K
The IRS has confirmed that third-party payment platforms such as PayPal, Venmo, and Etsy will issue Form 1099-K only when total payments exceed $20,000 and the number of transactions exceeds 200. The guidance, released in October 2025 under the One Big Beautiful Bill Act (OBBBA), restores the higher reporting threshold that existed before 2021 and reverses the temporary $600 limit.
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Hanson & Co works with middle-market companies and high-net-worth individuals in Denver, Colorado, and across the country. Regardless of the complexity of your need, our team is ready to help you. Please complete the form below, and we will follow up with you shortly.