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Multi-State Tax

Multi-state tax compliance, nexus rules, and withholding requirements for businesses operating across state lines

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7 min read

Colorado HB26-1289: Worldwide Combined Reporting Becomes the C Corp Default in 2027

Starting with tax years beginning January 1, 2027, Colorado's HB26-1289 makes worldwide combined reporting the default for unitary C corporation groups — foreign subsidiaries included. The water's-edge election that avoids it binds for ten consecutive years, and a tax-haven blacklist (Hong Kong, Ireland, the Netherlands, Singapore) pulls listed entities back in regardless. Here's who is affected and what records you need.

Mike Thrift

taxtax-compliancetax-planning
9 min read

How Should States Tax Partnership Income? Inside the MTC's Blended Apportionment Proposal

The Multistate Tax Commission's January 2026 white paper proposes a "blended" apportionment method that folds a partnership's sales, property, and payroll factors into each partner's own state tax calculation. Because states currently split between aggregate and entity sourcing theories, the same partnership dollar can be taxed twice — or not at all. Here's what multistate partnerships and multi-member LLCs should track now.

Mike Thrift

taxmulti-state-taxpartnerships
8 min read

New Jersey's Medicaid Employer Assessment (A5324): What the First-in-the-Nation Law Means for Your Payroll

New Jersey's A5324, effective July 1, 2026, bills employers $325–$725 per year for each Medicaid-enrolled employee or dependent once 50 or more are enrolled — matched by the state, not self-reported. Here is how the tiered fees work, which workers are exempt now and in 2027, and how to prepare your books for a bill you didn't calculate.

Mike Thrift

payrollcompliancetax
11 min read

Why Voiceover Artists Have the Weirdest Bookkeeping in the Gig Economy

Voiceover income mixes 1099s, direct payments that never generate a tax form, 10% agent commissions on some income but not all, and residuals that arrive years after the session. How voice actors handle Schedule C reporting, the §280A exclusive-use home studio deduction, 100% bonus depreciation on mic and booth gear, multi-state tax exposure, and the one KPI — booked hours per audition — that shows whether the business works.

Mike Thrift

bookkeepingself-employmentfreelance
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