4025 Automation Way #D1 (Map)
Fort Collins, CO 80525
Phone: 970-226-4686
As a self employed business owner I was curious if the new credit available to small business owners who provide health insurance coverage to their employees was available for the health insurance my business provides for me. The credit is 35% of the employer’s contribution towards the employee’s health insurance. To qualify the small business […]
View Post Health Care ReformWhat exactly is Tax freedom Day? It is the first day of the year in which the nation as a whole has theoretically earned enough income to fund its annual tax burden. Tax Freedom Day answers the basic question, “What price is the nation paying for government?” An official government figure for total tax collections […]
View Post Tax Freedom DayI confess I have never held a job that required I work on Sundays, so I had never really gave much thought to what happens when Daylight Savings Time begins. However I received the following from Marc Kouzmanoff at RIA in one of my daily updates last week. Daylight Saving Time begins this weekend: Spring […]
View Post Employee wages & daylight savings timeI was recently asked how I felt about the new standards for tax preparers. My response was “It’s about time!”. It never ceases to amaze me that someone would actually pay to have their tax return prepared by someone who is not a licensed CPA. As a CPA I had to pass an exam, I […]
View Post CPAs, paid tax preparersDid you know there is a penalty for failure to file a tax return for Partnerships or S Corporations? Neither one of those entities have to pay federal income tax. The federal tax return is an informational return for the IRS, with the income flowing to the owners tax returns on a Form K-1. But […]
View Post Failure to File Penalty, Partnership, S-CorpNow that your W-2’s and 1099’s have all been sent if you are a business or if you are an individual you have received your W-2 and 1099’s, please make an appointment to see your tax accountant. I know that the actual filing of your tax return isn’t for another couple of months, but only […]
View Post tax accountant, tax appointmentHappy New Year! The last couple of times I have talked about steps that need to be done at the end of the year for businesses. This week I thought I would give you some fast facts about common tax item rates for 2010. Income Tax Information Standard Mileage Rate cents per mile $0.50 Personal […]
View Post 2010 tax rates, exemption amounts, minimum wage, retirement contributions, taxI 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, tax