Serving the san francisco bay area + beyond since 1976
Serving the san francisco bay area + beyond since 1976
50
years
EST. 1976
STATE AND LOCAL TAX
State and Local Tax
More States + More Tax Obligations
Your tax responsibilities don’t always stop at the California border.
Hiring employees in another state, selling across state lines, opening a location, owning property in multiple jurisdictions, or changing residency can create income, franchise, sales and use tax, nexus, apportionment, and filing requirements.
B+Co helps businesses and individuals identify where obligations may exist and address them before a missed filing turns into notices, penalties, interest, or an unexpected conversation with a taxing authority.
The goal:
Know where you have exposure.
Stay compliant.
Reduce unnecessary state and local tax risk.
Multi-State + Nexus Planning
Identify where business activities, employees, property, or sales may create state and local tax filing obligations.
State Income + Franchise Taxes
Navigate income, franchise, and other business taxes across multiple state and local jurisdictions.
Sales + Use Tax
Evaluate sales and use tax obligations, including registration, collection, reporting, exemptions, and multi-state requirements.
State Residency + Individual Tax Planning
Assess the tax implications of changing residency, working across state lines, owning property in multiple states, or earning income from different jurisdictions.
Apportionment + Allocation
Determine how business income should be allocated or apportioned among states based on applicable rules and business activity.
Pass-Through Entity + Owner Tax Planning
Evaluate state-level pass-through entity taxes, elections, credits, and how business decisions may affect owners’ individual state tax positions.
State Tax Credits + Incentives
Identify available state and local credits, deductions, and incentives that may reduce tax exposure or support business growth.
State Notices + Tax Authority Support
Help address notices, inquiries, assessments, and other matters involving state and local taxing authorities.
Frequently Asked Questions
What is the difference between tax planning and tax preparation?
Tax preparation reports transactions that have already occurred, while tax planning looksahead to evaluate potential tax consequences before decisions are made. B+Co usesincome projections, estimated tax calculations, prior-year results, and anticipatedtransactions to identify planning opportunities and help manage federal and state taxexposure throughout the year.
When should I start tax planning for the year?
Tax planning should happen before major financial decisions and well before year-end.B+Co can evaluate projected taxable income, estimated payments, capital gains andlosses, deductions, retirement contributions, business activity, and other transactionswhile there is still time to consider available strategies.
How can tax planning help a my business reduce its tax exposure?
Planning may include reviewing entity structure, owner compensation, retirement plancontributions, timing of income and deductions, depreciation elections, and availablebusiness tax credits. B+Co also considers how business-level decisions affect the owners’individual tax positions so planning is coordinated rather than handled separately.
How can I avoid underpayment penalties and unexpected estimated tax payments?
B+Co can prepare tax projections throughout the year to evaluate federal and stateestimated tax requirements, withholding, safe-harbor thresholds, and changes in taxableincome. Adjusting estimated payments or withholding before applicable deadlines canhelp reduce underpayment exposure and avoid a large unexpected balance at filing.
When should I reconsider my business entity structure for tax purposes?
Changes in profitability, ownership, compensation, expansion, or succession plans maymean your existing structure should be reevaluated. B+Co can analyze the tax implicationsof operating as a partnership, S corporation, C corporation, or other structure, includingincome taxation, owner compensation, distributions, and potential future transactions.