Many individuals receive tax refunds at this time of year. Assuming you have paid off any debts with high interest rates (such as personal loans or credit cards), then putting the tax refund into an IRA can both increase your tax savings and boost your retirement savings.
The Colorado Office of the State Auditor contracted with Two Hills Accounting & Consulting to conduct a performance audit of the Regional Transportation District (RTD). The overall purpose of the audit was to assess and evaluate RTD’s efforts to ensure bus and light rail train operator safety. Audit work was … Read More
Create a “Business Sketch”: A “Business Sketch” is a rough outline of your business. It should describe the product or service and how it will add value to customers. The sketch should also outline your targeted customers and how you will market/sell to them. Finally, it should include a calculation … Read More
The following is a list of typical small business expenses that can be claimed as deductions on your tax return. To be eligible for a tax deduction, the expense must be ordinary (common and accepted in the tax payer’s line of work) and necessary (helpful and appropriate for work). For … Read More
Some basic accounting functions, such as determining gross profit, can be intimidating or frustrating to small business owners. While the time spent managing financial records and performing tax related tasks can seem like a burden, a savvy owner can use these records to improve their business. In particular, using available … Read More