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.
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.
PPP Flexibility Act of 2020
The last three months have been some of the most unpredictable for Denver business owners. The confluence of stay at home orders, forced business closures and fear of COVID-19 transmission have created challenging conditions. Almost overnight many were forced to cease...
![[Updated] Paycheck Protection Program Details](https://www.hanson-cpa.com/wp-content/uploads/2019/03/HansonTax-400x250.jpg)
[Updated] Paycheck Protection Program Details
The financial vitality of many Denver businesses has come into question since the implementation of COVID-19 prevention orders. Many have been forced to change their business model or completely shut down to maintain compliance