Every tax season, we meet with small Colorado business owners to discuss ways they can reduce their taxes. Our tax strategies help owners take advantage of available credits and deductions while managing the timing of their revenue and expenses. We often find that...
The Setting Every Community Up for Retirement Enhancement Act was initially passed and signed into law in December 2019. The bill addresses several changes our country needs to support our long-term retirement system. Unfortunately, it didn’t provide enough...
Tax accountants do more than file taxes or manage client tax matters. They are small business advisors that improve productivity and profits. Tax accountants learn every business detail to prepare your company’s tax compliance reports, payroll, bookkeeping, budgeting...
Why does the Internal Revenue Service audit some small businesses and leave others alone? Sometimes it’s a chance, but other financial practices, such as misreporting income, create audit triggers and trouble for small businesses. Learn about six small business audit...
The IRS reminds Americans earning over $600 on PayPal, Venmo, or Cash App transactions to report their earnings or else! The passage of the American Rescue Plan in March 2021 means the threshold for 3rd party processors to report transactions to the IRS reduced from...
