Bookkeeping

Keeping your records

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Summer is a good time to start your 2017 tax planning and organize your tax records You may be tempted to forget all about taxes during summertime, when “the livin’ is easy,” as the Gershwin song goes. But if you start your tax planning now, you may avoid an unpleasant tax surprise when you file […]

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Glossary

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GLOSSARY: for Financial Statements If you are in the construction business, either for a while or just starting in your own business, it doesn’t hurt to review these terms and think about how they currently apply to your company. Here’s a handy financial statement glossary: Balance sheet. This provides a snapshot of a company’s assets […]

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A Social and Educational Challenge

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A life fact: Many people are certain to run out of money before they reach their life expectancy. This means that many of your friends, neighbors and family will not have enough money for their basic living needs at even before the last days of their life. Much of this is due to a lack of […]

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It’s time to protect your Family and Assets

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“The only person who doesn’t need an estate plan is the one who lives forever and never gets sick.”   Estate planning is an important financial process to protect you and your family. More than 50% of the adult population has not even thought about having a current or currently reviewed estate plan. That’s half […]

Tax

Donating a vehicle might not provide the tax deduction you expect

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All charitable donations aren’t created equal — some provide larger deductions than others. And it isn’t necessarily just how much or even what you donate that matters. How the charity uses your donation might also affect your deduction. Take vehicle donations, for example. If you donate your vehicle, the value of your deduction can vary […]

Personal Finances

Security and Finances Part 1

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Financial Security. I’m not talking about Financial Security the way we generally are used to hearing about it as in retirement and investments. Instead I would like to discuss security in terms of hackers stealing your information, or your credit card being copied when you go out to dinner. These are just a few of […]

Colorado Tax and Accounting Consultation

Northern Colorado Enterprise Zone Tax Credits

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Colorado’s Enterprise Zone Program is created to stimulate economic and neighborhood advancement in targeted locations around the state. Personal businesses located within an Enterprise Zone may receive incentives associated with business investment, business expansion, and/or brand-new business relocation. Your Local CPA can help you determine if you can apply for Enterprise zone credits for your […]

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Play or Pay, Affordable Health Care

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Is your business ready for play-or-pay? If you’re a “large” employer, time is running out to prepare for the Affordable Care Act’s (ACA’s) shared responsibility provision, commonly referred to as “play-or-pay.” It’s scheduled to go into effect in 2015.Under transitional relief the IRS issued earlier this year, for 2015, large employers generally include those with […]