4025 Automation Way #D1 (Map)
Fort Collins, CO 80525
Phone: 970-226-4686
Have you ever stopped to think of Santa as a business owner? In the spirit of the season here are my thoughts: 1) The North Pole workshop is a separate entity from the business of delivering toys and is in its own LLC. This entity receives rent income from the housing of the toy manufacturing […]
View Post Santa's BusinessA couple of weeks ago I wrote about employers providing gifts to employees. You can read about it here http://www.nococpas.com/blog/my-boss-gave-me-a-turkey-whats-up-with-that but the important thing to remember is you cannot “give” your employee $500. You can only give them $25 in cash which would make you look like a real cheapskate. In order to give […]
View Post Employee BonusesWhen the Powerball winnings got up to $580 million last week it made many of us including me think about what we would do if we won. The first thing I wondered was just how much goes to the IRS and State of Colorado. And the answer naturally was depends. If I take the lump […]
View Post Powerball, Taxes on Lottery WinningsIt is that time of year when employers want to provide gifts to their employee’s. It is important to note what the IRS says about employee gifts and in my opinion it isn’t very pretty or realistic. The IRS says that if, as a means of promoting goodwill, an employer makes a general distribution of […]
View Post Employee GiftsRecently a client brought in a very official looking document from Compliance Services. It was requesting that they send in the corporate officer names, corporate director names and shareholder names. It has a reply by date and a request for $125. Most disturbing of all was it cited Colorado Revised Statues making you think you […]
View PostMy thoughts on being thankful all started when I realized that on November 6th the political ads would stop and I could go back to liking my friends because I no longer would be reminded how they were going to vote everyday on FaceBook. And then it turned to why are we so hot and […]
View Post Income Tax, Thankful for taxesI thought now might be a good time to remind everybody to not send sensitive information through emails. When I am preparing tax returns I will start a list of missing items in the form of an email. It is how I keep track of what I am missing. Then I email the list of […]
View Post Secure File, SharefileLast week I showed you which provisions were no longer available in 2012 and now I want to show you what is set to disappear in 2013. The 10% bracket disappears (the lowest bracket is 15%) The top four brackets rise from 25%, 28%, 33% and 35% to 28%, 31%, 36% and 39.6%. Long-term capital […]
View Post 2012 Expiring Tax ProvisionsLet’s face it Congress hasn’t agreed on anything for the last couple of years and this is an election year so I wouldn’t look for any decision to be made on the expiring tax provisions in 2012 until the 11th hour sometime in late December. Making it yet another difficult year for tax planning. I […]
View Post Expired Tax ProvisionsNoCo CPAs will not be at the John F. Kennedy address as of September 18th, 2012. Our new address is 736 Whaler’s Way. We are in Building G, suite 202. From our old office you will take a left on Boardwalk and turn left into the Boardwalk Office Park condo’s across the street from the […]
View Post NoCo CPas new address