SBA CPA

For the tax year 2024, a nonrefundable clean vehicle (CV) tax credit of up to $7,500 is available for buying certain new fully electric, plug-in hybrid and fuel-cell electric vehicles. Alternatively, a credit of up to $4,000 is available to taxpayers purchasing eligible used vehicles. Vehicle eligibility and the size of the credit depend on factors such as the cost of the vehicle whether it satisfies certain manufacturing requirements and the taxpayer’s annual income.

One of the fundamental parts of business strategy is market research. It includes the gathering and analyzing of information about a target market and all the industry trends and consumer preferences that are a part of it. This is vital for businesses to make informed decisions and stay competitive! https://bit.ly/4cvHiJm

We can’t exercise once a quarter and expect to be in great shape. Just like fitness, effective bookkeeping requires our attention and energy on a regular basis. Ideally, you should log expenses and payments received as they occur. If not applicable for you, set aside 20-60 minutes once a week to record transactions and review financial statements. Books behind? Get caught up by contacting us at (303) 228-3169 to discuss how we can help you!

An examination audit is what people are really scared of, but less than 1% of Americans are audited in a given tax year. A face-to-face examination can take place in your home, your workplace, your lawyer's office, or at an IRS office. When the audit is completed, the auditor will determine what's required to rectify the situation. If you disagree with their assessment, there's an appeals process. Contact us at (303) 228-3169 today.

Stress tends to be contagious. Even though you may try to protect your children from any money concerns you may be having, they will pick up on those emotions sooner or later. Transparency and honesty are the best ways to keep them in the loop without impacting their mental health. Check out the article below for tips on how to talk to your children about money. If you're looking for more personal finance tips, schedule an appointment with us today at (303) 228-3169! https://bit.ly/3UjzlAP

International tax requirements can be incredibly difficult to navigate, especially if you are self-employed and conduct business worldwide. It is vital that one learns the tax compliance laws when handling business globally to ensure that no penalties are accrued. https://bit.ly/4ewIX32

Set reminders for the important tax dates regarding payroll taxes, estimated quarterly taxes, and when you need to initiate payroll for each pay period. We'll help you make sense of cents, contact us at (303) 228-3169.

Here's a fun read/watch! This list highlights the most memorable on-screen accountants. Do you have a favorite? Share with us in the comments below! For all your accounting needs, call us at (303) 228-3169. https://bit.ly/3TUeYZy

People get a letter from the IRS and automatically freak out thinking it's an audit, but in many cases, it's just an adjustment letter. An adjustment letter from the IRS typically provides notice that you owe additional taxes or that they have adjusted your refund amount. If you owe additional tax, it’s important to either pay the tax by the deadline or, if you believe the tax liability is wrong, to respond following the instructions and timeline in the letter. Contact us at (303) 228-3169 for assistance.

Have you ever thought about setting up a private family foundation? Through philanthropy and effective management, this can help your family leave a significant impact on society and important causes that are close to your heart for years to come. https://bit.ly/45GrOjp