Sales Tax Compliance
Sales Tax compliance is a complex task and hot topic. How can we help?
Sales tax compliance has become a hot topic with the increase in internet based companies and online sales. If you sell products in multiple states, you may have the obligation to collect and remit sales tax in several jurisdictions. We can determine whether or not your business is in compliance with each jurisdiction’s specific sales tax requirements and help you set up the necessary sales tax accounts. Once you are set up to collect and remit sales taxes, we can prepare the sales tax returns on your behalf, or we can train you to prepare the sales tax returns yourself
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.
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.
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, changes in tax brackets and expansion of the child tax credit.