Review our recent accounting, tax, audit, and other insights
Highlighting important news in accountingIRS Guidance on Roth Catch-Up Requirements
Section 603 requires that catch up contributions made by high-net-worth individuals be made on a Roth basis.
Tax News Update – September 2023
Receive an update on the latest tax updates and considerations heading into the new year – 2024.
Colorado Adopts New Tax Credits & More
Since Spring, the Colorado legislature has been busy debating and adopting new laws designed to provide additional tax benefits and incentives to state taxpayers for eligible activities.
IRS Issues Another ERC Scam Warning
The Employee Retention Tax Credit (ERC) is a lucrative federal tax incentive that rewards eligible businesses for maintaining employees during the uncertainty of the COVID pandemic.
DOL Announces 2023 Form 5500 & Other Updates
Earlier this month, the Department of Labor (DOL) issued several updates that not only impact IRS Form 5500 but call for several reporting changes.
Clean Energy Tax Incentives for Individuals
Over the last few years, there has been an increase in the popularity of hybrid, plug-in electric, and other energy efficient vehicles.
Tax News Update – May 2023
One of the new requirements to claim an up to $7,500 tax credit on the purchase of a clean vehicle, effective for 2023, is that the clean vehicle must:
Exercise Caution When Claiming the ERTC
The Employee Retention Tax Credit (ERTC) is the only COVID-19-era tax incentive that Denver organizations can still claim.
Federal Tax Credits Available for Purchase of EVs
The automotive industry continues to move toward expanding offerings to include electric vehicles (EVs) options.