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The Colorado Secure Savings Program, set to begin in 2023, requires any company with five or more employees that does not already offer a retirement program, to enroll. Employees can opt-out or reduce their contributions. The state’s goal is to provide retirement coverage to more than 40% of privately employed individuals who do not have…

Who I am: I am Michael Walter Matthews, I graduated from STEM School Highlands Ranch, and I am currently a senior at Western Colorado University. I have no professional or internship experience, so I am very excited to be starting this up. I snowboard during the winter, and I do whatever gets me outside during…

  COLORADO SPRINGS, Colorado–June 6, 2022 – Chris Blees, President and CEO of BiggsKofford, Certified Public Accountant, a leading Colorado accounting and professional advisory firm with offices in Colorado Springs and Denver, today announced that longtime firm Partner Greg Papineau will officially retire on June 7, 2022.  After a professional career that has spanned over…

One of the key components of a successful middle-market business is the maintenance of accurate financial records. Accounting is much more than a chore that must be attended to in order to file annual tax returns—if done correctly, it can provide information useful for evaluating performance and for making decisions that have day-to-day and long-term…

  Dedicated CPA Awarded Elite Title at Colorado Springs and Denver Certified Public Accountants Firm COLORADO SPRINGS, Colorado–May 25, 2022 – Chris Blees, President and CEO of BiggsKofford, P.C., today announced that Tyler Atkins, CPA, has been promoted to Senior Manager. Atkins joined the firm in 2014 as an intern and has been a valued…

Austin Buckett, Director and CFO at BiggsKofford, explains why it’s never too late to put together a good financial model that can promote your company to investors and guide your business decisions: Building out a financial model is one of the most critical steps in launching a new business, but it is also one of…

How do you measure how robust your business is? One of the key ways is by looking at financial ratios, which can be grouped into four categories. Liquidity — Your business’s ability to remain liquid so you can meet your short-term liabilities. How much of a cash cushion do you have each accounting period? How much…

Deborah Helton, Director at BiggsKofford, discusses why physicians need to be aware of frequently overlooked barriers their practices face when considering revenue compression and inflationary supply chain price increases: Medical practices face ever-evolving business climate changes.  Physicians may not be aware of the frequently overlooked barriers their practices face considering revenue compression and inflationary supply…

It’s no secret that nonprofits have had to weather challenging circumstances in the past two years. Building strategies and tactics that remain flexible are basic guiding tenants for any organization, especially for nonprofit groups. Incorporating a higher level of agility into operations and finances help prepare nonprofit groups to face unknown hurdles yet to come.…

BiggsKofford, P.C. Hires New Team Memebers COLORADO SPRINGS, Colorado–April 2022 – Chris Blees, President and CEO of BiggsKofford, P.C., a leading Colorado accounting firm with offices in Colorado Springs and Denver, today announced that four new employees have joined the organization. BiggsKofford is a thriving and growing CPA firm established in 1982, with strong forward…

We are proud to announce that two of our team members have been awarded scholarships from Colorado Society of CPAs Education Foundation.   Congratulations to Bridget Kalicki & Tram Ha!

Be on the Lookout for Third Quarter 2021 Estimated Tax Payment Voucher!   As many of our clients are aware, we are now utilizing the cloud-based tax return delivery platform, SafeSend Returns. One great feature of this system is that it automatically delivers estimated tax payment vouchers at the appropriate times throughout the year. Our…

Considering an IRS IP PIN? How to Protect Your Identity and Credit As fraud expands, thieves have more opportunities to steal your financial identity. The Federal Trade Commission reports that as many as half a million Americans have their identities stolen annually, costing them money and affecting their credit ratings. Identity thieves make their money…

Colorado Department of Revenue Extends Income Tax Filing and Payment Deadline The Colorado Department of Revenue announced Thursday that it will extend the individual income tax payment and filing deadline. The new deadline will now be May 17, 2021 instead of April 15, 2021, giving individuals an additional 32 days to file and pay. This…

Individual Taxpayer Filing and Payment Deadline Extended But Be Cautious The IRS announced yesterday, March 17th, that they will extend the filing and payment deadline for individual federal tax returns from April 15th to May 17th. A few important points to be aware of as we understand them today: This does NOT extend other taxpayers such as corporations, trusts,…

The House of Representatives passed the American Rescue Plan Act, H.R. 1319, on Wednesday and President Biden signed it into law on Thursday. This $1.9 trillion rescue package is intended to provide additional support in the fight against the pandemic and economic stimulus. Here are some of the key provisions: Recovery Rebates The act creates…