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...
Tax Accounting Information Center
We make understanding business, tax and accounting information easy with frequent topics and advice you can use now.
Making the Most of Your Tax Refund
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...
Colorado Stimulus Check/Refund: Do I Need to File by June 30?
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...
The Scoop on The New Unemployment Compensation Exclusion
Good news for taxpayers who received 2020 unemployment benefits and have already submitted their 2020 tax return! The IRS will not require an amended return to claim the new Unemployment Compensation Exclusion enacted in the American Rescue Plan.
April 15 to May 17: Tax Day Extended for Individuals
2020 Tax Deadlines are extended for individuals. Just one of the many long-lasting aspects to the Covid-19 pandemic.
Last Minute Tax Filers Want to Know – Is It Too Late to Hire a CPA?
It’s happened. It’s March. The tax deadline is looming, and you still haven’t hired someone to do your taxes. Is it too late to hire a CPA and take that headache away? Of course not. It’s never too...
Confused About What to Bring to a Tax Appointment? We Break it Down.
Confused about what to bring to your tax appointment? If not, you’re not alone in wondering. This question is one we get a lot at Tax Time CPAs. And whether you consider yourself tax-savvy or a tax...
5 Ways Hiring a Tax Pro is the Ultimate Act of Self Love
February is traditionally the month of love, and with all the chatter about love, taxes might not be the first thing that comes to mind. I’d say for most people, love and taxes don’t live in the...
W2s, 1099s, and More. When You’ll Receive Your Tax Forms
The countdown has begun for those eager to get a jump on filing their taxes! But just when will all those tax forms hit your mailbox or inbox? There are numerous tax forms you may receive each year...
PPP Change to Deductible Expenses & PPP Updates
One topic accountants and small business owners are anxiously waiting to see if Congress will change the deductibility of expenses paid with Paycheck Protection Program (PPP) Loan funds. The...