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Firm News

2019 SECURE Act

(Setting Everty Community Up for Retirement Enhancement Act of 2019)

On December 20, 2019, Congress passed the SECURE Act which made changes to how you save money for your retirement, how you use your money in retirement, and how you can better use your Section 529 plans.  Whether you are 35 or 75 years of age, these changes affect you.

Click here to read our letter summarizing the changes. 

 

 

New W-4 form in 2020

Beginning January 1st, all employers must use the new 2020 W-4 form.  Click here for the new form. 

 

2019 Tax Resource Guide

Another tax season is fast approaching and many of you may be wondering about new tax rates, mileage rates, standard deduction amounts or other items.  Click here for a handy 2019 Tax Resource Guide that will answer these questions and more.

 

 

Colorado Sales Tax Changes

  • Effective December 1, 2018, the Colorado Department of Revenue is requiring that sales tax be collected and reported based on the point of delivery for taxable goods.  To help with some of the questions on this new policy, the State created a video detailing the new rule.  Click here to watch this 16 minute video.  
  • Click here to view and download the the 10 page PDF list of State collected sales tax locations.  This list is also helpful to get information on the home rule cities that collect their own sales tax.
  • If you are not sure what sales tax to charge a customer and need to look up sales tax by a specific location, click here for a State approved sales tax search engine.  Just type in the address and it will list the sales tax you need to collect.

 

End of year planning for 1099s

  • Remember that a 1099-Misc will need to be issued to any individual where you paid them $600 or more for services throughout the 2019 tax year.  Click here to download a W-9 form to request their tax ID and address.