Sales Tax Compliance

Sales Tax compliance is a complex task and hot topic. How can we help?

Sales tax compliance has become a hot topic with the increase in internet based companies and online sales. If you sell products in multiple states, you may have the obligation to collect and remit sales tax in several jurisdictions. We can determine whether or not your business is in compliance with each jurisdiction’s specific sales tax requirements and help you set up the necessary sales tax accounts. Once you are set up to collect and remit sales taxes, we can prepare the sales tax returns on your behalf, or we can train you to prepare the sales tax returns yourself

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IRS Releases New Guidance on Form 1099-K

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.