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.
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.
An additional boost came when President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act, comprehensive relief which provides $2 trillion in tax relief, business loans, unemployment and more.
March is typically when Denver companies are focused on finalizing tax returns and reviewing financial reports leading to the end of the first quarter. However, rather than focusing on these tasks, many management teams are reacting to Coronavirus (COVID-19).