Cryptocurrency isn't new. For years now, we've seen more and more clients needing help determining their tax liability on the sale and exchange of crypto. Like stocks, bonds, gold and silver, the...
Tax Accounting Information Center
We make understanding business, tax and accounting information easy with frequent topics and advice you can use now.
Independent Contractor Tax Liabilities
Working for yourself has its perks. Unlike a standard employee workplace structure, you set the rules, decide your work hours and determine which jobs to take. Some aspects make individual work...
Side Hustle Tax Considerations in the Gig Economy
Track Records Having a side hustle is nothing new. People have worked multiple jobs for years to either help pay bills, save extra money, or learn a new skill. COVID-19 expanded upon the gig economy...
Small Business Employee Retention Tax Credit Qualification – ERTC
Tax season is confusing, especially for business owners who continue to understand tax deductions for which they are eligible. The Employee Retention Tax Credit, or ERTC for short, was a policy...
Tax Considerations for Multi-Level Marketing
Nowadays, multi-level marketing companies are everywhere. Whether MLM is your side hustle or a full-time gig, understanding the tax implications and deduction possibilities is critical to avoid tax...
5 Small Business Tax Planning Tips
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...
SECURE Act 2.0: Small Business Retirement Planning
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...
How Tax Accountants Save a Small Business Money
Let a tax consultant help your small business remain free from penalties, profit loss and audits.
6 Small Business Tax Audit Triggers
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...
IRS Targets Transactions Over $600, Venmo, PayPal & Cash App
The IRS reminds Americans earning over $600 on PayPal, Venmo, or Cash App transactions to report their earnings or else!