Accounting & Tax Solutions, Inc. - full service accounting, tax, & business consulting. Denver CPA.

Accounting & Tax Solutions, Inc. is a full service tax, accounting, and business consulting firm located in Lakewood, CO and serving Arvada, Lakewood, Wheatridge, Golden, Littleton, Morrison, Denver, Highlands Ranch, Englewood, Centennial, Aurora, Greenwood Village, Westminster, Thornton, Northglenn, Broomfield, Commerce City, and Brighton. See our Services pages for detailed information, call 303.232.8300 or click to Schedule an Appointment.

Tax Tips
The experts at Accounting and Tax Solutions, Inc. have provided the following tax tips and seasonal advisories for your convenience and assistance:

Calendar
Upcoming tax events and seasonal tax advisories.
2010 Tax Calendar
View the IRS 2010 Tax Calendar for Small Businesses and the Self-Employed:
2010 IRS Tax Calendar
(printable PDF)
This link will take you directly to the IRS website for the most up-to-date information.

Health Care Reform's
New Tax Laws
Now that Congress has passed a landmark health care reform package, much work needs to be done in dealing with new requirements. While the end result of the legislative process is necessarily health care related, the tax law plays a major role in its implementation. From the tax credits and subsidies used to expand health coverage, to the many penalties, fees and surtaxes designed to pay for it, the Tax Code is front and center. ... read more

Major Changes to 1099
Information Reporting Laws
The passage of the Healthcare reform bill included some of the most drastic changes to 1099 information reporting in over a decade. The bill included revenue raising provisions meant to seek greater compliance of the tax code via 1099 information reporting. ... read more

The HIRE Act and How It May Impact Your Business:

May 2010 (update):
Click for a new form W-11 to be used as an affidavit for new employees to complete and sign if they are eligible for the new HIRE credit. Employers do not have to pay the matching Social Security tax (6.2%) on the wages of workers hired after February 3, 2010 if they worked less then 40 hours in the previous 60 days. ... read more

March 2010:
The Hiring Incentives to Restore Employment Act (HIRE), also known as the "jobs bill," is a plan to create jobs by providing a temporary tax break to companies that hire the unemployed. The bill also extends federal highway programs through the end of the year. ... read more

COBRA Subsidy Law Extended, Expanded
President Obama signed into law on December 19, 2009 an extension and expansion of a COBRA premium subsidy law under the American Recovery and Reinvestment Act (ARRA) that was due to expire on December 31, 2009. The extension means new compliance obligations for employers, in that the program now runs through February 28, 2010, the subsidy period is expanded by six (6) months and new notice requirements must be met within a tight timeframe. ... read more

2010 Standard Mileage Rate (Business Taxes Alert):
The 2010 standard mileage rate will be a lot lower for business driving... 50¢ per mile, down 5¢ from 2009.
The main reason is lower fuel costs. Any reimbursements to workers over 50¢ per mile for 2010 driving will be taxed as income and hit with payroll taxes. ... please contact us with any questions.

Year-End Income Tax Planning for "Individuals"
Once again, it's time for year-end tax planning. Over the past year, Congress, the IRS, and the courts have flooded us with significant tax developments. The White House has also warned of imminent tax increases, particularly for higher income taxpayers. Collectively, these changes make year-end tax planning for 2009 more important than for any year in recent history! ... read more

Year-End Income Tax Planning for Corporate and Non-Corporate Businesses
As the end of 2009 approaches, it's time to evaluate year-end tax planning for corporations and other businesses. Over the past year, Congress, the IRS, and the courts have flooded us with significant tax developments. These changes make year-end tax planning for 2009 exceedingly important! ... read more

2009 New Tax Law Letter
Responding to fears of a deep recession, Congress has been passing economic stimulus legislation at a frantic pace. This legislation includes a host of temporary tax breaks for both individuals and businesses. ... read more

IRS Announces 2009 Standard Mileage Rates (Nov. 24, 2008):
The IRS issued the 2009 optional standard mileage rates on Nov. 24. These rates are used to calculate the deductible costs for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

55 cents per mile for business miles driven

24 cents per mile driven for medical or moving purposes

14 cents per mile driven in service of charitable organizations

Tis the Season to be GIVING �..
Well, it�s the end of the year and now you have a big incentive to clean out all that stuff! You could get a tax deduction for it. ... read more

Education Credits from Uncle Sam
Uncle Sam recognizes the value of education and has given us credits and deductions to help. ... read more

Staying off the IRS Radar Screen
Nothing strikes terror in the heart of the American taxpayer quite like finding a letter in the mailbox from the IRS! ... read more

Solace for the Non-filer
Has it been awhile since you filed a tax return? Feeling guilty? Scared? Don�t know what to do? ... read more

Greetings from the IRS
You�ve just picked up your mail and � uh oh, there among the ads, bills and too numerous offerings for credit cards is that official looking letter from the Internal Revenue Service. ... read more

Paying for College
You�ve probably heard about the 529 College Savings Plan. But what is it exactly? The 529 College Savings Plan is one of the best savings incentives for college and something you don�t want to miss out on if you have children or grandchildren. ... read more

Home Office Deduction
You�ve decided to start a small business working out of your home. Life is great and you can�t beat the commute. Now, how will this affect your income taxes? Can you deduct expenses for use of your home? ... read more

Tax Forms
The latest tax forms at your fingertips.

Tax Tips
Tax tips and seasonal advisories.

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Appointment
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Set up a consultation with an EA, CPA, or Accountant to discuss your tax and financial planning, accounting, or bookeeping needs.

Accounting & Tax Solutions, Inc.
office: 303.232.8300 address: 710 Kipling Street, Suite 205, Lakewood, CO 80215 email
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