Starting A Small Business In Colorado? A Beginner's Guide To Sales Tax Reporting


If you're planning to start a small business in Colorado selling anything, you've probably wondered what your responsibilities regarding taxes might be. Sales tax is something most Colorado entrepreneurs have to deal with, but it doesn't have to be as intimidating as you may think. Here's a quick guide to handling your Colorado sales tax obligations. Who Do You Charge? Colorado's sales tax system is based on the idea of "

27 February 2017

Have A Tax Question? 5 Steps To Getting It Resolved With The IRS


Filing income taxes is rarely enjoyable, but the real fear for most taxpayers is what to do if they need help during the filing process or afterward. Whether it's a tax question, a letter from the IRS, or a change in your life circumstances, it's a moment most people dread. But, you can successfully meet the challenge if you know where and how to get help with your taxes. Here are five steps to finding what you need.

18 January 2017

Financial Planning In Your 20's


Graduating from college typically happens during your early twenties. In order to ensure that the future continues to remain bright and full of opportunity, it's essential for twenty-somethings to start planning for their financial well-being. Here are three tips that you can use as you prepare to graduate from college to ensure that you are prepared to face whatever financial obstacles may come your way in the future. 1. Continue living below your means.

20 December 2016

Three Ways Individuals With Home Based Businesses Can Save On Their Taxes


If you own your own business and work out of your home, it is easy to overlook valuable tax deductions. Deductions reduce your taxable income so that you have a lower income tax obligation. Check out a few ways you can reduce your tax payment. 1. Take Advantage of Your Home Office When tax time comes, it literally pays to have a dedicated space in your home for your home office.

8 November 2016

Deducting Meals As A Business Expense On A Personal Income Tax Return


Tax filers who travel for business purposes usually spend more money on meals when traveling than they normally spend on food. Employees and self-employed persons may deduct a portion of the cost of meals bought when traveling away from home on business. Before calculating the total cost of business meals, its important to make note of the fact that for most employees, the deduction itself is only 50 percent of the total expense.

29 September 2016

3 Reasons to Utilize a Tax-Preparation Service


One of the most important services that you can take advantage of when tax season rolls around is a tax-preparation service, mostly because of the many different ways in which they can help you. Listed below are just a few of the reasons to utilize a tax-preparation service. Maximize Return The most important reason to utilize a tax-preparation service is that it can help to greatly increase your tax return. The reason for this is that the preparation service will be more able to accurately determine if you are qualified for various tax breaks.

19 August 2016

3 Key Benefits Of Having IRS Representation Services Through Your Accountant


Hiring a bookkeeping company to handle your small business's books and tax preparation does not only offer the benefit of keeping your financial information organized and accurate, but it may also come with IRS representation services. IRS representation is vital for any type or size of company, and here are some of the reasons why this service is something you should have. Your accountant can be held responsible for the work

13 July 2016