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Highlighting important news in accounting
Colorado’s New Retail Delivery Fee Took Effect July 1, 2022
During the pandemic many Colorado businesses and individuals had to make adjustments to comply with government orders and prevent virus transmission.
SALT Passthrough Deduction – Colorado SALT Parity Act
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.
2022 Tax Highlights
When the actual expense method is used for deducting the business use of a vehicle, the cost of the vehicle is depreciated under MACRS using a 5-year recovery period.
Colorado Residents to Get Automatic Refunds
Many Denver business owners and families will be happy to learn that sometime later this year residents will receive a state dividend payment.
Section 179D Energy Efficient Tax Deduction
Climate control and reduced energy consumption are well-established priorities in many new Denver area development projects.
2022 Colorado Construction Industry Outlook
The Associated General Contractors of America (AGC) released its annual industry outlook recently.
IRS Suspends Certain Automatic Notifications
Since the start of the pandemic, the IRS has faced significant struggles attempting to process individual, and certain federal business tax returns.
Intangible Drilling Costs for Independent Oil and Gas Producers
Colorado is an energy-rich state featuring traditional fossil fuels and renewable energy.
Colorado Secure Savings Program
For many businesses and organizations in Denver, recent months have proved especially challenging for hiring.