Finance & Accounting
Understanding IRS Notice 12C: What You Need to Know
If you’ve recently received IRS Notice 12C, here’s what you need to know. Taxpayers receive IRS Notice 12C when further details are needed for tax return processing. This guide aims to clarify IRS Notice 12C, outlining what it entails and providing guidance on how to respond effectively. What is IRS Notice 12C? IRS Notice 12C […]
Comprehensive Guide to Economic Nexus Policies in the United States
In the realm of state taxation in the United States, the concept of economic nexus has become increasingly pivotal, particularly concerning sales tax. Economic nexus dictates that a business’s tax obligations within a specific state are determined not solely by its physical presence but also by its economic activity within that state. This shift has […]
How to Plan Tax Savings for Retirement: Your Complete Guide
Planning for retirement means more than saving money. It also means knowing how taxes will affect your savings and investments in the future. Did you know you could get a tax break for retirement savings? The federal government offers incentives to save for retirement through taxes, including a federal tax credit for retirement savings. Using […]
Corporate Transparency Act 2024 – What You Need To Know
What is the Corporate Transparency Act? The Corporate Transparency Act (CTA), which was enacted in 2021, aims to combat illicit activity such as money laundering and tax fraud. New legislation brings a new reporting requirement to the CTA. As of January 1, 2024, businesses that meet certain criteria must file a Beneficial Ownership Information (BOI) […]
Tax Season 2023 – Important Dates & Deadlines
The 2023 tax season is upon us, and our Wichita and Denver CPA’s and tax accountants are ready and rearing to help you and your business navigate it. For many people, tax season is the most stressful time of the year. We get it. However, as Denver’s premiere tax services firm, we also know that […]
Keep An Eye Out For Crypto Scams: How To Spot Fake Cryptocurrency Investment Scams
Cryptocurrency has become a popular investment option in recent years, but it’s also become a prime target for scams. In fact, crypto scams are on the rise all over the country, and Coloradans are are seeing massive financial losses from them. In 2021, Coloradans reported losing about $25 million to investment scams. To avoid becoming […]
Deadline Alert: Final Estimated Tax Payment due 1/17
Reminder: The deadline for the final 2022 estimated tax payment is January 17! While it may feel like you’re mainly paying taxes during “tax season,” the IRS wants to receive their chunk of your income as you’re earning it. If you’re an employee, this manifests in the form of your withholding. Retirees have their taxes […]
Filing for FAFSA: How Your Tax Return Affects Your Child’s Education Funding
Whether your high schooler is dreaming of ivy-covered dorm rooms or the state college up the road, chances are you’re thinking of how you’re going to pay for it. Between tuition, room and board, books, and living expenses, the bill keeps getting higher and higher. That’s where the Free Application for Federal Student Aid (FAFSA) […]
Tax Season 2022 – Important Dates & Deadlines
It’s that time of year again — and no, we’re not talking about March Madness. Tax season is here. And with the IRS continuing to grow overwhelmed by its pandemic-induced backlog, it’s shaping up to be another hectic one. This means, yet again, that during the busiest and most complex months for most taxpayers, you can […]