Form 1099-K Updates for 2023

Form 1099-K Updates for 2023

In a reversal from earlier guidance, the IRS recently announced a delay in the lower $600 reporting threshold for Form 1099-K for the 2022 tax year. Under prior regulations, businesses would have been required to report payments from third-party settlement...
Tax Saving Opportunity for Denver Businesses

Tax Saving Opportunity for Denver Businesses

As year-end quickly approaches, many Colorado businesses are investigating opportunities to take advantage of tax-saving strategies to reduce tax liabilities. Since the passage of the Tax Cuts and Jobs Act of 2017 (tax reform), and lowering of the overall corporate...