News

Many of our business clients use the QuickBooks software to keep track of finances and to gauge performance.  There are two editions of QuickBooks available:  QuickBooks Desktop, which is installed locally on your workstation or server, and QuickBooks Online, which is cloud-based and accessed through a web browser.  Both have advantages and disadvantages. QuickBooks Desktop…

Colorado State Tax Updates 2022 Colorado had implemented changes to Tax Laws that could impact you in 2022.  Entities have a new way to pay your state taxes in some instances while individuals will see changes to various deductions. Entity Tax Changes: Partnerships and S corporations may now make ‘PTE’ or elective pass-through entity level…

  25th ANNUAL UCCS ECONOMIC FORUM!   BiggsKofford is a proud sponsor of the 25th Annual UCCS Economic Forum! This is a great opportunity to get important information about the economic health and outlook of the region. The UCCS Economic Forum is the leading source of unbiased and rigorous information for the Pikes Peak region.…

IRS Sends Out 11 Million “Math Error” Notices Many Americans are receiving Math Error notices from the IRS resulting in adjusted tax due or reduced refunds for 2020. This is more than five times as many as they sent in 2019 and more than 14 times as many as last year. The majority of the…

BiggsKofford is again sponsoring a fantastic and powerful planning workshop: Are You Ready to Scale Up Your Business? The program is Wednesday, January 13, 2021 Online/Virtual: Participate from your Computer. Many BiggsKofford clients have benefited from this program that provides an opportunity to “work on your business”. Our colleague, Chuck Kocher, local business coach and owner of The Transformation Company is hosting…

The IRS issued guidance on the payroll tax deferral that was ordered by the President in a presidential memorandum on Aug. 8 (Notice 2020-65). The notice allows employers to defer withholding on affected employees’ compensation during the last four months of 2020 and then withhold those deferred amounts during the first four months of 2021.…

El Paso County Allocates Additional CARES Act Funds to Small Business and Nonprofit Grants El Paso County continues its commitment to local small businesses and nonprofits with a new multi-million-dollar Regional Business Relief Fund program, launching this week. This Fund will act as a competitive grant application process to assist our small businesses and nonprofits…

On June 5th, President Trump signed the Paycheck Protection Program Flexibility Act of 2020, which made significant changes to the PPP program. The Bill he signed was the exact law passed as H.R. 7010 by the House of Representatives. Since then, the Treasury Department issued regulations on June 11th, which included some important pronouncements. All…

Please note that this Friday, October 21st from 3:00-5:00PM, BiggsKofford‘s phone server will be down for normal maintenance. If you need to email us, please email your contact at the firm directly or send an email to our general information address here. We will do our best to get back to you in a timely…

(Journal of Accountancy, By Lea Hart; Published October 2016) As the 4 million people retiring this year think about the future, they fear outliving their money more than anything else. Forty-one percent of CPA financial planners say running out of money is their clients’ top concern about retirement—including those clients who have a high net…

(Department of Education, Published August 2016) There are two exciting changes coming to the Free Application for Federal Student Aid(FAFSA®) process this year. 1. The 2017–18 FAFSA will be available earlier. You can file your 2017–18 FAFSA as early as Oct. 1, 2016, rather than beginning on Jan. 1, 2017. The earlier submission date will…

(Journal of Accountancy, By Sally P. Schreiber; Published September 2016) The IRS notified tax practitioners and taxpayers who use many IRS e-services that it is strengthening the authentication process for identifying users and that the new, more stringent procedures will require existing users to re-register (Oct. 24 is the target date for the start of…

Greg Papineau, Director at BiggsKofford, was featured on the popular Green Apple Podcast. To listen to their interview, click here! John Garrett, self-proclaimed Recovering CPA and creator of the Green Apple Podcast, interviewed Greg and captioned the following about their discussion: Greg serves others to create stronger client relationships Greg Papineau takes service to a whole…

(Modern Healthcare, By Erica Teichert; Published August 2016) As telemedicine takes root, there’s a growing need to train physicians on how to handle virtual visits with patients and develop a good ‘webside manner.’   When Kaiser Permanente’s emergency room wait times began rising three years ago, Dr. Dennis Truong and a colleague launched a telemedicine program…

Economic Snapshot  What to Expect from Our Local and State Economy Guest Speaker   Tatiana Bailey, Ph.D. Director, Southern Colorado Economic Forum   What We’ll Discuss:   National Economy Overview- Major Indicators & What They Mean  Residential and Commercial Real Estate Markets What Sectors Are Growing in Our Region Specific Job Openings in the Colorado Springs…