Under the Tax Cuts and Jobs Act, there is potentially a 20 percent deduction for qualified business income from a qualified trade or business operated directly or through a pass-through entity. It is important to talk with a trusted tax accountant in Fort Collins to understand what that means for your business. According to the […]
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Form 1040 Has Been Updated. Your Fort Collins Tax Accountant Provides Details
Form 1040, which many taxpayers use to file their returns, has been modified. This Fort Collins tax accountant is happy to report that it is much shorter. Now fitting on the front and back of half a sheet of paper, it is roughly the size of a postcard. Key Considerations with New Form 1040 As […]
What to Look for in an Accountant
The skill and integrity of your accountant are very important. The work that they perform and the guidance they provide has a direct impact on your financial wellbeing, and your financial wellbeing plays a major role in the quality of life that you enjoy. Consequently, it is critical that when looking for an accountant in Fort […]
Fort Collins Tax Accountant Sheds Light on IRS Phishing Scams
You’ve received an email that appears to be from the IRS requesting that you provide them with confidential information. Should you send them what they’ve asked for? As a Fort Collins tax accountant that has seen many of these kinds of requests, we can tell you that you definitely should not. The IRS makes it […]
Misconceptions About Filing Tax Extensions: Fort Collins CPA Dispels 6 Common Myths
There are many reasons to file an income tax extension. Whether you are missing key information or are away from home during tax season, you have the right to request extra time to complete and submit your return. However, there are several misconceptions about tax extensions that create hesitation for people looking to file. Below […]
Fort Collins Business Accountant Shares Advice on Partnership Taxation
Ensuring that the individuals who are involved in a partnership pay the required amount of taxes can be a challenge. In fact, partnership tax law is the most complicated part of the tax code. As a leading Fort Collins business accountant, we encourage people to be fully informed about how participating in a partnership affects […]
Insights on the Sale of Personal Residence Capital Gain Exclusion from Your Fort Collins Tax Accountant
People who have owned the same home for many years may not know that the rules regarding taxation of gains and the personal residence exclusion changed in the late 1990s. Prior to that time, there were strict regulations regarding proceeds from the sale of a home. This included having to reinvest the money in the […]
4 Strategies for Making Next Year’s Tax Season a Snap
The arrival of tax season can be stressful. This is especially true if you have put off thinking about taxes since you filed last year’s return. As a trusted tax accountant in Fort Collins, we frequently remind our clients that the best way to reduce your stress and ensure that no important details are overlooked […]
What You Need to Know About the 2018 Tax Reform
With the new Tax Cuts and Jobs Act in place, it is important to get the most up-to-date information on filing your tax returns. Taxes and personal finances can be overwhelming, but Shaw & Associates, your trusted Fort Collins tax accountant, wants to make it simple for you. There are a number of changes to […]
Top Five Reasons to File Taxes Early from Your Fort Collins Tax Accountant
When it comes to things you look forward to doing, filing your taxes generally does not make the list. We understand! However, putting off filing until the last minute tends not to be a good strategy for most people. In fact, there are a number of reasons why you should work with Shaw & Associates, […]
