State and 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.
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.