Understanding Sales Tax and Online Shopping
With all the recent changes to online shopping, the accountants at Steven J. Wick want everyone to understand the new sales tax laws and how it can affect you come tax time. When online retailers choose to not charge sales tax, they are now required to send customers a notice stating the amount of “use” tax that they owe, since sales tax was not collected on the original purchase. This has beco...
3 Rules for Telecommuters to Deduct Home Office Expenses
Employees who telecommute for work may be eligible to deduct some of their home office expenses on their taxes. Now while this does apply for many telecommuters, it is important to go through these 3 rules to make sure you qualify for home office deductions. If you are ever unsure about your tax forms and deduction eligibility, make sure to get in touch with one of the CPAs at Steven J. Wick. ...
4 Types of Retirement Plans for Small Businesses
One of the best ways for small business owners to recruit and keep loyal employees is to offer a retirement plan. Not only are retirement plans a great way to reward employees, it can also result in some nice tax incentives for small business owners. When it comes to making financial decisions for your Fort Collins business, trust the accountants at Steven J. Wick. Some of the best types of ret...
3 Common Tax Problems And How To Fix Them
Tax season is coming to a close, and the last couple of months have seen business owners of all types rushing to gather the required financial information for their returns. Many people choose to file their taxes on their own, using a website or online form, and while this may work for some, it doesn’t allow for an accountant to look things over. Making mistakes on your taxes, even minor ones, ...
Professional Book Keeping Is For Everyone
Colorado is a great place to have your own small business, especially in the skilled trades. With consistent growth and a solid energy economy, there’s never been a better time to branch off on your own, no matter your specialty. However, when starting or expanding an independent business, it’s important to remember that you don’t have to handle everything yourself! Too often, new entrepreneurs...
Is It Time To Hire An Accountant? 3 Red Flags To Watch Out For
There are over a half million small business owners across the state of Colorado, making up a huge proportion of the economy in this area. From tech startups in Denver to manufacturing companies in Berthoud, people from all over are enjoying the freedom and benefits that come with owning or working for a small company. If you have a brand new small business, or you’ve been in the game for a few...
Loveland Plumbers- Here’s How A CPA Can Keep Your Business Afloat
For any independent contractor or small business owner, managing finances is a huge responsibility. Without the right balance of expenses and income, many new businesses find themselves closing down within the first two years of operation. If you are having a hard time keeping up with your books, or simply want to spend your energy elsewhere, it may be the perfect time to hire a professional ac...
3 Reasons To Choose An Accountant With Experience In The Skilled Trades
Every small business deserves a dedicated accountant, to manage their book keeping and make sure things are running smoothly, but some industries come with additional aspects that should be kept in mind. When you are looking for a qualified CPA to bring on board, it’s a great idea to look for someone who has specialized experience in your field. This will make communication easier, as well as s...
