The IRS and Colorado Department of Revenue have extended the payment deadline for all 2019 tax payments including 1st and 2nd quarter estimated tax payments to July 15, 2020. Previously, only the 1st quarter 2020 estimated payment was extended to July 15th and the 2nd quarter payment was still expected to be paid by June 15th. This has now also been extended to July 15th along with the other payments. To clarify, your 2019 tax payments that would normally have been due on April 15th have now been extended to July 15th along with the 1st and 2nd quarter 2020 estimated tax payments. Click here to access the Colorado Department of Revenue website for other FAQs.
The IRS has extended the tax filing and payment deadline to July 15th, 2020
These loans are designed to help employers pay their employees while their business income is reduced due to the Covid-19 outbreak.
We are monitoring the COVID-19 situation closely and will follow the advice of governmental entities as to our operational status. We will update this site and inform you if we are forced to shut down.
As of 3/20/20, our office is no longer scheduling in-person meetings. We are still open and operational, so you can drop-off, mail in, or email your tax information to us and we will prepare your tax returns. We are also happy to schedule phone conferences to go over your tax information. If you would like to set up a secure online client portal to upload your documents, please give us a call and we can set that up for you.
In addition, we are now closed on Saturdays as well.
2019 SECURE Act
(Setting Every 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.
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
End of year planning for 1099s