by William Tucker, CPA | Tax
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... 
by William Tucker, CPA | Tax
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... 
by William Tucker, CPA | Tax
Colorado is the latest state to give pass-through entity owners and shareholders a workaround for the federal $10,000 cap on state and local tax (SALT) deduction. To date, 22 other states have proposed or enacted similar legislation, but Colorado is the first one to... by William Tucker, CPA | Construction, Healthcare, Manufacturing, Tax
Since the start of the pandemic, the IRS has faced significant struggles attempting to process individual, and certain federal business tax returns. The combination of new tax law implementation, processing of several economic stimulus payments, administration of... 
by William Tucker, CPA | Tax
2021 Here are some year-end tax planning ideas to accomplish before New Year’s Day. Medical Expenses Out-of-pocket medical expenses that exceed 7.5% of your gross income are deductible as an itemized deduction. If your year-to-date medical expenses are already close...