Tax & Business Insights
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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
[highlight type="info" title="Professional Disclaimer" icon="info-circle"] This article reflects Colorado Rules of Professional Conduct 1.15A–1.15E as of April 2026, administered by the Office of Attorney Regulation Counsel (OARC). Trust accounting rules...
Business
What Denver Dentists Should Look for in a CPA
[highlight type="info" title="Tax Law Disclaimer" icon="info-circle"] This article reflects federal and Colorado tax law as of March 2026, including the One Big Beautiful Bill Act (signed July 4, 2025). Tax...
Business
Tax Deductions Most Colorado Doctors Miss: A CPA’s Checklist
[highlight type="info" title="Tax Law Disclaimer" icon="info-circle"] This article reflects federal and Colorado tax law as of March 2026, including the One Big Beautiful Bill Act (signed July 4, 2025). Tax...
Business
I Got an IRS CP2000 Notice: What It Means and What to Do
[highlight type="info" title="Tax Notice Disclaimer" icon="info-circle"] This article reflects IRS procedures as of March 2026. Tax situations vary — if you've received a CP2000 notice, consult with a qualified CPA...
Business
Colorado QBI Deduction Addback: What Pass-Through Owners Need to Know
[highlight type="info" title="Tax Law Disclaimer" icon="info-circle"] This article reflects Colorado tax law as of March 2026, including HB 25B-1001 (signed August 28, 2025) and the federal One Big Beautiful Bill...
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...