State Tax Planning for Corporations

Your guide to multistate corporate tax planning and compliance

The variety of state tax laws can create problems for taxpayers trying to comply and can make corporate tax planning seem impossible. Bloomberg Tax can help you maximize efficiency while achieving the highest level of accuracy – saving you time and money.

Navigate state tax planning with confidence

Explore in-depth, practitioner-focused multistate and state-by-state analysis, the most comprehensive database of chartable topics, breaking news and insights, comprehensive primary sources, and superior timesaving practice tools from Bloomberg Tax.

ONPOINT

Key California Tax Changes

This OnPoint highlights California’s new tax laws on businesses and how the changes will significantly impact amendments to income and sales and use taxes.

REPORT

2025 Tax Policy Outlook

Download the 2025 Tax Policy Outlook for insights to help you navigate key issues impacting tax policy under the new Trump administration, including SALT deduction caps.

SURVEY

2024 Survey of State Tax Departments

Get clarity on activities that could trigger corporate nexus within specific states, including the impacts of remote work.

The lack of conformity among state tax rules is a major challenge for corporate multistate taxpayers. The differences among state tax rules create difficulties and complexity even in dealing with what should be straightforward concepts – like a single transaction that may be treated differently in different jurisdictions. Researching relatively simple concepts, like what constitutes a tax year across states, can require extensive time and effort.

Attempts to comply with state tax rules and deal with their complexity may even drive business decisions. For multistate businesses, every single business activity must be carefully considered with respect to income tax withholding and sales and use tax consequences. This complexity doesn’t just make compliance difficult, but it can prevent multistate taxpayers from completing corporate tax planning.

[Get insights on key issues impacting tax policy under the new administration with our 2025 Tax Outlook.]

To help alleviate this uncertainty, Bloomberg Tax offers insights into gray areas that can be daunting for multistate taxpayers as well as a comparison of state tax policies to help you understand when a corporation’s activities within a state might result in a tax liability.

Plan confidently with Bloomberg Tax

The pace of change in state taxes is likely to remain fast, as state tax departments and legislatures continue to drive variety, complexity, and uncertainty. Save valuable time when you trust Bloomberg Tax state tax solutions to tackle complex multistate corporate tax planning tasks with ease. Download our latest Survey of State Tax Departments to review and compare state tax policies to help you clarify expanding nexus standards and ensure compliance with state corporate income tax and sales and use tax.

Bloomberg Tax provides comprehensive global research, news, and technology services that enable tax professionals to get the timely, accurate, and in-depth information they need to plan and comply with confidence. Request a demo to see it for yourself.

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