A Reminder to Residents of Boulder County That the Filing and Payment Deadlines are May 16, 2022

If you live in Boulder County, this is a reminder that both the IRS and the State of Colorado have granted additional time to file and pay your 2021 individual income taxes. If you live in Boulder County, you have until May 16, 2022 instead of the normal April 18th date this year. Here are […]

Use Disaster Funds as Intended to Ensure Continued Eligibility

January 12, 2022 News Release DENVER – State and federal disaster assistance is bringing needed financial help to homeowners, renters and business owners who suffered damage or loss as a result of the Marshall Fire. Emergency management officials encourage those who have applied for assistance and received assistance to use disaster funds for their intended […]

SBA to Open Business Recovery Center in Lafayette

SBA to Open Business Recovery Center in Lafayette to Help Businesses Impacted by Wildfires and Straight-Line Winds SACRAMENTO, Calif. – The U.S. Small Business Administration and the Colorado Small Business Development Center today announced the opening of an SBA Business Recovery Center in Lafayette on Thursday, Jan. 6, 2022, to provide a wide range of […]

Keep This IRS Letter if you Received Advance Child Tax Payments

If you received advance child tax payments in 2021, the IRS will be sending out Letter 6419 (2021 Advance CTC). Please keep this letter with your tax preparation documents! The letter will include the total amount of ACTC payments taxpayers received in 2021 and the number of qualifying children used to calculate the advance payments. […]

Scheduling Tax Work At Flatiron Advisors

We have been working at making changes to how our practice operates starting in 2022. With staffing shortages, the difficulty in finding professional assistance, ever-increasing last-minute tax law changes, and simply the desire to not work 80-hour weeks from January through April, we find it necessary to implement some changes. In a nutshell, we are […]

Important Tax Season Information For Individual Tax Clients

Tax season is upon and that means its time to start watching for a gathering your documents for tax preparation. Here is some information to get the ball rolling this year. TAX DOCUMENTS: We will be sending out tax questionnaires and organizers in the next 1-2 weeks. Please be on the lookout for these. Most […]

2021 Business Organizers Now Available

We have the business organizers available for clients who have entity returns that must be filed. Entity returns are any business taxed as an S-corporation, C-corporation or partnership. These checklists and questionnaires are required for each entity and we cannot start work without it. All packets are available as PDF files you can download, or […]

Colorado Disaster Relief from the IRS Including Due Date Extensions

Today the IRS announced tax relief for victims of the Colorado wildfires that destroyed so many homes and businesses on December 30, 2021. This follows action by FEMA that approved the area for federal disaster assistance on January 1, 2022. Below is a summary of the IRS announcement. Click here for the full IRS announcement. […]

Retirement Plan Strategies for 2021

As 2021 comes to a close, there are some strategies you still may be able to pursue to reduce your taxes for the year. The following strategies relate to tax savings using retirement plans such as 401(k) plans, 403(b) plans and IRAs. Fully Fund Your Retirement PlanFully funding your company retirement plan with pre-tax dollars […]

Getting Ready for Year-End – Business Owners

Year-end comes quickly for many businesses. With holidays and travel, it is imperative to be organized and ready for year-end, so you can get your CPA the information needed early in the new year. The following is a list of things that should be done in November or December to help you get ready. Download […]