According to the website 360financialliteracy.com, which is a site produced by the American Institute of CPA’s, “Financial education is a lifelong endeavor-from children learning about the value of money to adults understanding how to reach a secure retirement.” We whole-heartedly agree with this statement. Why is this such a big deal? According to the most [...]
Life is Busy... 8 Easy Tips to Save Time on Banking / Client Spotlight - Colorado Activities Concierge
Every year the IRS compiles and releases a list of tax scams that taxpayers may encounter throughout the year, called the "Dirty Dozen." As income tax filing season is the peak time of the year that these scams occur, we encourage you to read the article and keep yourself informed. http://www.irs.gov/uac/Newsroom/IRS-Releases-the-“Dirty-Dozen”-Tax-Scams-for-2014;-Identity-Theft,-Phone-Scams-Lead-List.
Certain businesses located within a qualified Enterprise Zone may be eligible for a Colorado income tax credit based on qualified expenses. However, to be able to claim the credit, a business is now required to be pre-certified before the expense is incurred. This only applies to businesses that are located inside an Enterprise Zone and [...]
Wills, Trusts and Powers of Attorney / Client Spotlight - Fort Collins Veterinary Emergency and Rehabilitation Hospital
Just a reminder that federal law requires employers to register all new employees with the State Directory of New Hires. You must report a new hire within 20 days after the date of hire, or by the first scheduled payroll after the date of hire, if this payroll is after the end of the 20-day [...]
The Colorado Department of Revenue (CDOR) has created a system called Revenue Online that is now the preferred method for communicating with the CDOR on most matters affecting your state withholding, sales, and income taxes. This system also allows you to pay most kinds of state taxes via electronic funds transfer (EFT). Additionally this system [...]
10 Healthy Beliefs for Retirement Planning / Client Spotlight - The Kinzli Team at RE/MAX / Fun Facts About Valentine's Day
If your business operates in Colorado, you must file an annual declaration schedule of business personal property if the actual value of all your business personal property is more than $7,000. For every county that you have a separate physical business address, you need to file an annual declaration with that county if that separate [...]
Did you know that if your employee is using a company owned vehicle for personal use that this should be included in their annual W-2 as compensation? Marcy Palm wrote an informative article on Employee Personal Use of Business Vehicles. To read the article click here.
