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Highlighting important news in accounting

Families First Coronavirus Response Act

March is typically when Denver companies are focused on finalizing tax returns and reviewing financial reports leading to the end of the first quarter. However, rather than focusing on these tasks, many management teams are reacting to Coronavirus (COVID-19).

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Tax Incentives Extended for 2020

Through the closing weeks of 2019, many Denver business owners were focused on wrapping up year-end items, assessing performance, refining goals and setting new benchmarks. Many were focused on analyzing the company’s expenses, revenues and overall financial position to create the budget for 2020.

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DOL Issues Final Overtime Rules

Dedicated employees who commit to working hard to complete a project, meet increased production demands and drive innovation should be rewarded. In addition to their base compensation, other benefits such as retirement plans, health, dental and year-end bonuses are often given. The Department of Labor (DOL) recently issued, Final Rule – Overtime Update, which will impact Denver area employers.

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