EIDL Loans Expanded to $2 Million

The U.S. Small Business Administration (SBA) has announced enhancements to the COVID Economic Injury Disaster Loan (EIDL) program, a federal disaster relief loan designed to better serve and support our small business communities still reeling from the pandemic, especially hard-hit sectors such as restaurants, gyms and hotels. The SBA increased the borrowing limit from $500,000 […]

Delays in Federal Refunds

Taxpayers across the nation are experiencing delays in receiving federal refunds. This has been an issue all year and is not expected to get better soon. While in years past refunds were being directly deposited within 10-21 days, 2021 is very different. We are seeing delays of several months in some cases. The IRS also […]

Colorado Sales Tax Compliance Changes Begin July 1, 2021

Colorado sales tax compliance

If you are a “small” Colorado retailer, big changes to Colorado sales tax compliance are coming. Effective July 1, 2021, Colorado is moving all businesses to destination-based sourcing rules for the collection and remittance of Colorado and local sales tax. This includes small business with sales under the $100,000 threshold that Colorado previously exempted. Until […]