by kerstin@buhvdesigns.com | Feb 3, 2021 | Resources, Tax Management
This question comes up all the time… Is an individual taxpayer required to make estimated tax payments? We know that it is probably not a major disaster if you owe some money when you file your return in April. You get the use of your funds for as long as...
by kerstin@buhvdesigns.com | Jan 13, 2021 | Resources, Tax Management
A Developer Transition Audit is a special type of financial statement audit, required by Colorado law when a homeowner association moves out of developer control. This audit must be performed by a licensed CPA and is generally required to be paid for by the developer....
by kerstin@buhvdesigns.com | Jan 8, 2021 | Resources
The recent Appropriations Act signed into Law on December 27th extends the Covid19 sick pay through March 31st on a voluntary basis. The Federal mandate, however, expires on December 31st. As a reminder, employers with fewer than 500 employees have been required to...
by Kim Hitchcock | Nov 3, 2020 | Resources, Tax Management
Kim Hitchcock, CPA Today’s blog is going to talk about Homeowner Associations and taxes. Almost every Association has an annual filing requirement, even if they are registered as a nonprofit corporation, but not all income is subject to taxes. If, after reading this...
by Kim Hitchcock | Oct 15, 2020 | Resources, Tax Management
As we end October and move closer to the end of 2020, we wanted to pause to talk about an important issue in today’s world. Charitable contributions and how they can be doubly helpful to you and to your favorite charity. Many of you have reached out recently to ask...
by kerstin@buhvdesigns.com | Sep 16, 2020 | Resources, Tax Management
Today’s topic for the tax planning series is a brief discussion on the potential tax benefits of the medical expense deduction. Medical expenses can be claimed as a deduction when your unreimbursed costs exceed 7.5% of your adjusted gross income (AGI) (10% of your AGI...
