Payroll & Informational Returns
Payroll taxes can be confusing and difficult to manage.
We can help you set up regular payroll processing and reconcile your payroll withholding records. We accurately prepare all required monthly, quarterly, and year-end Federal and state payroll tax returns, which include Forms 940, 941, W-2, and W-3 for you on a timely basis. We also prepare the annual informational returns reporting payments to contractors on Forms 1099 and 1096.
PPP Forgiveness Update – Owner Treatment & Nonpayroll Costs
On August 24, 2020, Treasury issued a new Interim Final Rule (IFR) which provides important new details on the Paycheck Protection Program (PPP) loan forgiveness.
CARES Act Opportunities for Construction Companies
During the COVID-19 pandemic, Denver construction companies have faced a variety of challenges. Similar to other businesses, the need for working capital to offset the economic shock of the pandemic was a prime concern
Employer Retention Tax Credit
The ERTC is a refundable tax credit against employer-side FICA employment tax. The amount of the credit is equal to 50% of up to $10,000 of the usual and qualified wages an employer pays to each employee after March 12, 2020, and before January 1, 2021.