Colorado passed a new Secure Savings Program law that will be launched in early 2023. What is the Colorado Secure Savings Program? The Colorado Secure Savings Program mandates any private sector...
Tax Time CPAs Blog
Business, Tax, and Accounting articles and information.
Records Retention-What is Your Policy and Are You Compliant?
Sometimes it's hard to decide what to keep and what to discard. Both Federal and State regulations require a records retention of certain employee information, for a designated amount of time. Below...
Making the Most of Your Tax Refund
You survived 2021, filed your taxes, and finally received your tax refund. What now? According to the IRS, the average refund in 2021 was $2,873. It can be really easy to take that money and spend...
Colorado Stimulus Check/Refund: Do I Need to File by June 30?
As with all tax questions, the answer is: it depends. First, the Colorado stimulus check refund being distributed is related to TABOR. This mandates that budget surpluses be returned to the...
Good News, No Amending! The Scoop on The New Unemployment Compensation Exclusion
Good news for taxpayers who received 2020 unemployment benefits and have already submitted their 2020 tax return! It appears the IRS will not require an amended return to claim the new Unemployment...
April 15 to May 17: Tax Day Extended for Individuals
Question: What started the year as a speculation, became a rumor, and finished out St Patrick’s day as fact? Answer: Tax Day for individuals has been extended. Again. That’s right. The individual...
Last Minute Tax Filers Want to Know – Is It Too Late to Hire a CPA?
It’s happened. It’s March. The tax deadline is looming, and you still haven’t hired someone to do your taxes. Is it too late to hire a CPA and take that headache away? Of course not. It’s never too...
Confused About What to Bring to a Tax Appointment? We Break it Down.
Do you know what to bring to your tax appointment? If not, you’re not alone in wondering. This question is one we get a lot at Tax Time CPAs. And whether you consider yourself tax-savvy or a tax...
5 Ways Hiring a Tax Pro is the Ultimate Act of Self Love
February is traditionally the month of love, and with all the chatter floating around about love, taxes might not be the first thing that comes to mind. Actually, I’d say for most people, love and...
W2s, 1099s, and More. When You’ll Receive Your Tax Forms
For those eager to get a jump on filing their taxes, the count down has begun! But just when will all those tax documents hit your mailbox or inbox? There are numerous forms you may receive each...