4025 Automation Way #D1 (Map)
Fort Collins, CO 80525
Phone: 970-226-4686
I hope you survived the Christmas holiday and are looking forward to the new year. Last week we talked about the dreaded W-2 and 1099 preparation. This week I thought I would share some year-end tasks business owners should do on their Financial Statements. • Reconcile all bank accounts and review outstanding checks and deposits […]
View Post business owners, financial statements, tax, yearendMerry Christmas! It is that time of year where thoughts turn towards friends and families and how much our lives are truly blessed by their presence. As business owners your thoughts should also be turning towards year-end bonuses and the dreaded W-2 filing and those pesky 1099 Misc forms! Employee Bonuses Make sure to run […]
View Post 1099, employee bonus, payroll, tax, W-2Ever wonder what bonus depreciation is? The term is thrown out there like everybody knows what it means. Today I would like to share with you what it is and why it is being used in 2009. Equipment purchased for use in a business is expensed through depreciation. A concept the IRS has created that […]
View Post bonus depreciation, taxOn November 6th President Obama signed a bill extending the first time homebuyer credit. This extension also added a provision for existing homeowners who have owned a home for 5 of the last 8 years to also qualify for a credit. Which makes sense, if the intent of the credit is to stimulate home sales […]
View Post first time homebuyer, taxIn 2009 President Obama signed a making work pay credit. It was designed to give every taxpayer a $400 credit. Instead of making the taxpayer wait until they filed their tax return, new withholding tables were designed. At the time it seemed like a pretty good idea give each taxpayer a little more to spend […]
View Post making work pay credit, tax