December 2022 – Year Tax Planning
2022-Tax-Updates-Hanson
It’s Not Too Late to Claim the Employee Retention Tax Credit
The Employee Retention Tax Credit (ERTC) may have expired for most businesses more than a year ago, but there’s still time to file a claim. Business taxpayers have three years to file an amended payroll tax return if it is determined eligibility requirements have been...
Colorado SALT Parity Update
Colorado’s Department of Revenue (CDOR) is now allowing Denver partnerships and S corporations to make an election into the SALT Parity Act for the 2022 tax year when filing their 2022 income tax return. Quarterly estimated tax payments beginning in 2023. Although...