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
Colorado is the latest state to give pass-through entity owners and shareholders a workaround for the federal $10,000 cap on state and local tax (SALT) deduction.
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.
Many Denver business owners and families will be happy to learn that sometime later this year residents will receive a state dividend payment.