Business taxes are complex. If you’ve ever attempted to do your business taxes on your own, you understand the depth of business tax preparation first hand. That’s why we partner with local businesses to prepare their taxes as part of our business accounting and tax preparation packages. Let’s…Read More
Here’s the question of the day, as provided by your northern Colorado CPA: Does your personal credit affect your eligibility when it comes to attaining a business loan? Well, yes and no. In short, lenders still rely on a credit check to determine eligibility for certain kinds of business loans. Pl…Read More
There are many reasons to sell a business. Maybe you're in ill health or ready to retire. Or you're tired of working all the time and now that the business is profitable you're ready to cash in. Whatever the reason, selling a small to medium-sized business is a complex venture and many business owne…Read More
Whether you've just started a nonprofit, recently submitted your organization's first Form 990, or are the executive director, it's important not to lose sight of your obligations under federal and state tax laws. From annual filing and reporting requirements to taxes on business income and payroll …Read More
Between mortgages, car loans, credit cards, and student loans, most people are in debt. While being debt-free is a worthwhile goal, most people need to focus on managing their debt first since it's likely to be there for most of their life. Handled wisely, however, that debt won't be an albatross ar…Read More
What if there were a tool that helped you create crystal-clear plans, provided you with continual feedback about how well your plan was working, and that told you exactly what's working and what isn't? Well, there is such a tool! It's called the Budget vs. Actual Report and it's exactly what you nee…Read More
Some natural disasters are more common in the summer, but major events such as hurricanes, tornadoes, and fires can strike at any time. It's always a good idea to plan for what to do in case of a disaster. Here are some basic steps you can take right now to prepare: 1. Backup Records Electronically.…Read More
You may be tempted to forget about your taxes once you've filed your tax return, but did you know that if you start your tax planning now, you may be able to avoid a tax surprise when you file next year? That's right. Now is a good time to set up a system so you can keep your tax records safe and ea…Read More
If you give money or goods to a charity in 2016, you may be able to claim a deduction on your federal tax return. Here are 6 important facts you should know about charitable donations: 1. Qualified Charities. You must donate to a qualified charity. Gifts to individuals, political organizations, or c…Read More
Many people use a tax professional to prepare their taxes. Tax professionals with an IRS Preparer Tax Identification Number (PTIN) can prepare a return for a fee. If you choose a tax pro, you should know who can represent you before the IRS. There are new rules this year, so the IRS wants you to kno…Read More
