Hanson & Co. CPAs has been working with individuals and privately held businesses in the Denver metro area for more than 40 years. While we work with companies across numerous industries, our professionals have focused experience serving companies in the manufacturing, real estate, professional services and oil & gas industries. In addition, we provide a variety of tax, accounting, audit and consulting solutions to meet the diverse needs of our emerging, growth focused and established corporate clients.
Effective October 1, 2014, the Per Diem Rates for normal business expenses incurred while travelling on approved business activities have been updated. These rates apply to companies that don’t use an accountable plan. Under this plan structure employees are required to keep strict records of expenses incurred and submit to the company for reimbursement. This often leads to a complex and tedious records management process for both the employee and company. These new rates apply to companies that use IRS per diem rates to reimburse employee travel expenses.
In recent years, energy efficiency has become hot topic. Not only does it reduce waste and help the environment, but it reduces the costly energy bills and expenses that plague the real estate industry. Thanks to the Energy Policy Act of 2005 there is now another reason to invest in energy efficiency.