business income deduction

The New Section 199A Business Income Deduction

2018 brings many new changes in the tax law for our Colorado businesses.  One of these changes that will help many local, small businesses in Denver is the Section 199A business income deduction. This section provides taxpayers who are not corporations a deduction of 20% of qualified business income earned in a qualified trade or […]

ideal Accounting Firm

How to choose an ideal Accounting Firm

Financial aspects of any business are one of the top priorities an owner has and for all the right reasons. After all the work in production and product management, the thing which ends up deciding the future-run of any company is its financial strength. Due to this primary need, it is mandatory for a company […]

Accounting Practices

How To Get Your Accounting Practices In Order

Accounting is one huge department that is full of transactions and ever-changing cash flows. Managing such vast area of business is obviously not an easy task for anyone. A well-versed in-house accounting team or an outsourced accounting firm is the absolute need to get the financial statement aligned and accurate. The minute you associate with […]

Business Records

Why Accurate Business Records Is Essential For Your Business

Maintaining accurate business records can seem like a burden if you are trying to grow your business but when it comes to strategizing long term growth, bookkeeping is vital and may turn out to be a winning or losing factor for your business. Period. Bookkeeping is the practice of maintaining various accounting and financial documents […]

Accountant

How to Choose the Right Accountant for Your Business

For every business owner, it is vital to have someone who can give timely, accurate, and beneficial advice throughout the life of your Company, from inception to succession. But picking up the right certified and licensed accountant is a critical business decision, so it is great to arm yourself with the right tips. A good […]

Tax Planning

Tax Planning Tips

Tax planning is taking the time to develop strategies to either reduce taxable income, take advantage of tax deferred, utilize lower tax brackets, capture all available credits, and minimizing additional taxes such as self-employment and alternative minimum tax. This is done through reading and understanding how to use the beneficial laws that are written into […]