Tax & Business Insights
Insights from Colorado's trusted CPAs.
Strategic tax advice, business insights, and timely updates from CPAs proudly serving Colorado businesses and individuals since 1984.
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Recent Articles
Business
Estimated Tax Payments for Colorado Small Businesses: Schedule and Thresholds
If you own a Colorado small business — whether you operate as a sole proprietor, partnership, LLC, or S-Corp — the IRS and Colorado Department of Revenue expect you to...
Business
Form 1065 vs 1120-S: Which Does Your Colorado Business File?
If you own a Colorado business with more than one owner, you'll file one of two federal returns every year: Form 1065 (U.S. Return of Partnership Income) or Form 1120-S...
Business
IOLTA Trust Accounting: What Your CPA Needs to Understand
If you run a law firm in Colorado Springs, trust accounting isn't optional — it's one of the most heavily regulated areas of legal practice. Here's what your CPA needs to understand about IOLTA...
Business
What Denver Dentists Should Look for in a CPA
Finding a CPA isn't hard. Finding one who actually understands how a dental practice makes money — and where it quietly loses money — is a different problem entirely...
Business
Tax Deductions Most Colorado Doctors Miss: A CPA’s Checklist
Physicians are trained to be thorough — except, sometimes, on their own tax returns. Between patient loads and practice complexity, legitimate deductions slip through the cracks every year...
Business
I Got an IRS CP2000 Notice: What It Means and What to Do
You check the mail, and there it is — a letter from the IRS labeled CP2000, "Proposed changes to your tax return." Here's what it means and exactly what to do next...
Business
Colorado QBI Deduction Addback: What Pass-Through Owners Need to Know
If you own an S-Corp, partnership, or LLC in Colorado, you've heard about the federal Section 199A QBI deduction. Here's the Colorado addback pass-through owners need to plan for...
Business
1099 vs W-2: How to Classify Workers Correctly (And Avoid $10,000+ IRS Penalties)
1099 vs W-2: How to Classify Workers Correctly (And Avoid $10,000+ IRS Penalties) Worker classification errors rank among the costliest mistakes Colorado Springs small businesses make—and the IRS, Department of...
Business
Do I Need a CPA for My Small Business? 10 Signs Colorado Springs Entrepreneurs Should Hire a Professional
Do I Need a CPA for My Small Business? 10 Signs Colorado Springs Entrepreneurs Should Hire a Professional Every Colorado Springs small business owner eventually asks the same question: "Do...
Business
One Big Beautiful Bill Act 2025: Complete Guide for Colorado Springs Small Business Owners
One Big Beautiful Bill Act 2025: Complete Guide for Colorado Springs Small Business Owners On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law,...
Business
Colorado Sales Tax Vendor Fee Elimination 2026: What Colorado Springs Small Businesses Need to Know
Colorado Sales Tax Vendor Fee Elimination 2026: What Colorado Springs Small Businesses Need to Know Starting January 1, 2026, Colorado will eliminate the 90-year-old sales tax vendor fee that has...
Business
7 Proven Ways to Save Money on Your Business Taxes in 2026
7 Proven Ways to Save Money on Your Business Taxes in 2026 The One Big Beautiful Bill Act signed on July 4, 2025, has fundamentally transformed the business tax landscape,...
Business
What Happens If I Don’t Get an EIN? Critical Consequences for Business Tax Returns and Compliance
What Happens If I Don't Get an EIN? Critical Consequences for Business Tax Returns and Compliance Operating a small business in Colorado Springs without an Employer Identification Number (EIN) might...
Business
Business Tax Structure Comparison: LLC vs S-Corp vs C-Corp Tax Strategies for 2025
Business Tax Structure Comparison: LLC vs S-Corp vs C-Corp Tax Strategies for 2025 Colorado Springs business owners face a critical decision that directly impacts their bottom line: choosing the optimal...