State Local Tax
Businesses are accustomed to seeking growth and revenue opportunities where they are available.
In order to stay competitive, it’s essential to leverage all opportunities – regardless of physical location. Most executives don’t consider state location a key concern when building new relationships with customers and vendors. In fact, state lines are virtually invisible to successful businesses. While it may seem insignificant, there can be complex tax issues to consider when conducting economic activities in other states. Due to the complex nature of tax laws and endless parade of updates, most are unaware of state and local tax obligations that can arise simply by having a presence in another state – until they receive notification from a state Department of Revenue. When this happens, it’s impossible to go back and correct the issue.
Hanson & Co works with companies in Colorado to identify state and local tax obligations to eliminate unwelcome surprises. Our tax team has years of experience with proactive planning to account for expansion and other changes, financial reviews for peace of mind and representation in case of an audit. Throughout the years we have worked with companies on nexus determination, state and local issues and use tax concerns.
State and Local Tax Services
Nexus Determination and Reviews
Sales and Use Tax Planning
Voluntary Disclosure Agreements
Tax Amnesties
Tax Planning and Compliance
State Audit Defense
Services
The latest from Hanson & Co.
IRS Guidance on Roth Catch-Up Requirements
Section 603 requires that catch up contributions made by high-net-worth individuals be made on a Roth basis.
Tax News Update – September 2023
Receive an update on the latest tax updates and considerations heading into the new year – 2024.
Colorado Adopts New Tax Credits & More
Since Spring, the Colorado legislature has been busy debating and adopting new laws designed to provide additional tax benefits and incentives to state taxpayers for eligible activities.
Contact Us
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.