Employee Parking Expense Deduction Disallowance

Employee Parking Expense Deduction Disallowance

The Tax Cuts and Jobs Act of 2017 (tax reform) resulted in many changes designed to make the tax code easier to understand, compliance less complex and reduce overall business taxes.  When passed it resulted in the immediate decrease of the corporate tax rate to 21%,...
Amended Tax Return Essentials

Amended Tax Return Essentials

From time to time, Denver area business owners uncover an error on their business or individual tax return. This can happen when a review of prior year returns reveals that credits or deductions were missed which would entitle the taxpayer to an increased refund. It...
Key Details on Qualified Opportunity Zones

Key Details on Qualified Opportunity Zones

When tax reform, known as the Tax Cuts and Jobs Act, was signed into law in December of 2017, it ushered in significant changes to the tax code. For individuals, there were many including as an increase in the standard deduction, repeal of the personal exemption,...