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.
It’s Not Too Late to Claim the Employee Retention Tax Credit
The Employee Retention Tax Credit (ERTC) may have expired for most businesses more than a year ago, but there’s still time to file a claim.
Colorado SALT Parity Update
Colorado’s Department of Revenue (CDOR) is now allowing Denver partnerships and S corporations to make an election into the SALT Parity Act for the 2022 tax year when filing their 2022 income tax return.
2022 Fall 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.