Are you ready for an IRS audit? Do you save every receipt from every transaction and document it for proof of a justifiable deduction? Are you the person who keeps a shoebox full of receipts in case the IRS audits you? Now is the time to buy yourself a new pair of...
Historically, recessions occur every decade. Some are more impactful than others. And while a recession invariably has negative impacts, some businesses are poised to survive those negative challenges while others are not. What can you do to recession-proof your...
Sometimes it’s hard to decide what to keep and what to discard. Both Federal and State regulations require a records retention of certain employee information, for a designated amount of time. Below are the Federal retention requirements for a master file, but...
You survived 2021, filed your taxes, and finally received your tax refund. What now? According to the IRS, the average refund in 2021 was $2,873. It can be really easy to take that money and spend it without much thought, and most of us are probably guilty at some...
As with all tax questions, the answer is: it depends. First, the Colorado stimulus check refund being distributed is related to TABOR. This mandates that budget surpluses be returned to the taxpayers. In the past, this was done a multitude of ways: as a senior...
