Latest News on Denver Accounting & Taxes

Now that the holidays have past and everyone is back to work, it is time to think about one of the certainties in life - Taxes! The IRS has announced that it will begin accepting both e-file and paper returns on January 20, 2015. E-filing is generally the easiest way to file, and is the fastest way to get a refund. The corporate tax deadline is Monday March 16th (because the 15th falls on a Sunday) and the individual filing deadline is Wednesday April15th, so now is the perfect time to get all of your paperwork together and speak with one of our Denver accountants so that we can prepare your return in an accurate and timely manner.

Give us a call to schedule an appointment with one of our tax professionals today!

We want to wish all of our clients a very happy and safe New Year!

Thank you for your business this past year and we look forward to serving you for all of your tax and accounting needs in the coming year. Don't forget - April 15th is less than four months away!

We would like to wish everyone a happy and safe holiday. Thank you for your continued business and please don't hesitate to contact us for all of your Denver tax needs.

Happy Holidays!
 

On December 16, 2014 Congress passed the Tax Increase Prevention Act of 2014, which retroactively extends a handful (around 50) of previously expired individual, corporate and energy tax breaks through the end of the year. The potential effects are far-reaching and could benefit corporations both big and small, as well as individuals, homeowners and those that live in a state without state income tax. Whether these tax breaks will be extended past the end of the year, or addressed and modified in a more comprehensive set of tax reforms has not yet been determined.

Our team of tax professionals and CPAs are here to help with all of your tax-related and year-end questions. Our Denver accounting office is conveniently located in the Congress Park neighborhood, so please feel free to give us a call or schedule an appointment to learn more about the new Act and see if it impacts you or your business. 

We have been frequently featuring tips on getting ahead for next year's taxes, called Getting Ahead for 2015. Continuing with that series, we have some good tips to share with you for the current month of December and for the quickly approaching first quarter of 2015.

December: This month's theme should be to pay and give. It is the last opportunity to make any charitable contributions that could assist in lowering your tax bill. We would also advise to consider paying any major bills you have, as well as state and/or property taxes.

December is also a good time to go ahead and dig out last year's return, watch for any final pay stubs or bonus income from your employer, just to make sure you are ready to prep for your taxes as the first quarter of 2015 quickly approaches. 

January: Get organized. April is coming up quick. Start gathering and compiling all of your tax docs, including W2s, 1099s, interest income, and any business receipts. 

If you're self-employed, it's time for your fourth-quarter 2014 estimated tax payments, which are due on January 15th.

Questions or concerns on any of the above? Please give us a call at Bloch, Rothman & Associates, LTD. As experienced Denver tax professionals, we are here to assist you with your tax and accounting needs. Call today: (303) 321-7160.