BiggsKofford Adds New Team Members

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BiggsKofford Adds New Team Members

April 25, 2019

BiggsKofford, P.C., announces the addition of one new supervisor and two new associate team members. Jeff Mandarich and Ashley Salsedo are supporting our growing audit and accounting department, while Matthew Woolfolk assists the tax department of the certified public accounting firm. Mandarich, a graduate of the University of Colorado, Colorado Springs, earned his Masters of…

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Kurt Kofford celebrates 30 years/Michael McDevitt celebrates 15 years with BiggsKofford

January 31, 2019

                  BiggsKofford is celebrating significant partner milestones this week. One of our Founding Partners, Kurt Kofford, recently celebrated his 30th anniversary with the firm and Tax Partner, Michael McDevitt, has been with the firm for 15 years. Kurt joined forces with Jerry Biggs 30 years ago and…

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Tax Cuts and Jobs Act Update Presentation

January 30, 2019

We would like to thank everyone for coming to our presentation on January 30th covering the Tax Cuts and Jobs Act update. If you weren’t able to attend, or if you would like to review the presentation, the slides are available below. Do not hesitate to contact us about questions you have about how this new…

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Year-End Services

December 13, 2018

Below is an article published by CPA Practice Advisor regarding year-end services to talk about with your CPA.   This is the time of year that lists are made (and checked twice). It’s also a great time for CPAs and clients to consult. Here’s a year-end checklist for critical end-of-year tasks to get your clients…

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Scaling Up Workshop – November 15

October 22, 2018

We are happy to announce that BiggsKofford is sponsoring a fantastic full-day powerful planning workshop: Scaling Up Business Growth Workshop: Prepare to Dominate Your Industry. BiggsKofford is able to sponsor seven clients this year.  Please contact us for additional information at info@biggskofford.com if you are interested in attending for FREE! (A savings of $575) Please…

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Greg Gandy Celebrates 25 years with BiggsKofford

September 12, 2018

BiggsKofford’s Senior Tax Partner, Greg Gandy, recently celebrated his 25th anniversary with the firm. During his 25-years at BiggsKofford, Greg has become the cornerstone of our firm’s Tax Practice as well as the leader of our Real Estate and Construction industry group. We are so pleased to celebrate this major career milestone with Greg.

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Proposed Regulations issued by IRS for State and Local Tax deduction limits

August 27, 2018

Late Friday afternoon the IRS issued proposed regulations (which were published Monday morning) regarding transfers (money or in-kind) to state agencies or charitable organizations in exchange for state tax credits. The proposed regulations state that if the Taxpayer is receiving a State or Local tax credit for the contribution made, the credit received will reduce the…

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Enterprise Zone Pre-certification and Certification

August 24, 2018

The Colorado Enterprise Zone Program creates a business friendly environment in economically distressed areas by offering incentives to businesses and projects in such areas. If your business is located in one of the Colorado Enterprise Zones, you may be eligible to claim various Colorado tax credits based on your purchases of qualified equipment, facility expansion,…

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BiggsKofford Expands with Internal Promotions – Nick Phillips

July 25, 2018

We are excited to announce the promotion of Nick Phillips to Senior Merger & Acquisitions Associate. Phillips joined BiggsKofford CPA firm in 2013 and worked as a Senior Tax Associate before being promoted into the firm’s M&A division. Phillips graduated from the University of Colorado at Colorado Springs. He is a Certified Public Accountant (CPA) and…

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New Physician Money Management

July 23, 2018

Completing your residency and fellowship and successfully landing your first position is a great success.  This time can also be chaotic and full of changes.  Many times you have relocated to your first position and are experiencing financial changes as well.   Now that you have steady earnings, you should create a plan for your finances.…

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BiggsKofford Expands with Internal Promotions – Eric Morgan

July 17, 2018

We are thrilled to announce the promotion of Eric Morgan, CPA to Senior Manager, in the firm’s tax department. Morgan joined the firm in August of 2006. Morgan received his undergraduate degree from Brigham Young University and his MBA from the University of Colorado – Colorado Springs. In addition to accounting, Morgan enjoys reading and spending…

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IRS Making Unannounced Visits

June 6, 2018

BiggsKofford has become aware of some changes at the Internal Revenue Service that we wanted to pass on to you. Recently, we have noted an increase in the occurrences of IRS field agents appearing at taxpayers’ places of business with no advance notice. In conversing with some of these agents, we learned that the IRS…

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Warning: New 401(k) Fraud Scheme

May 8, 2018

We recently became aware of a fraud scheme targeting 401(k) plans and wanted to bring it to your attention. In this scheme, a fraudster calls the 401(k) plan custodian or third-party administrator (“TPA”) and impersonates a plan participant. First, the fraudster changes the email address on file so the participant will not receive notice of…

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IRS gives taxpayers relief from erroneous HSA contributions

The Journal of Accountancy recently published an article disussing changes in HSA Contributions.  You can see the article below, or click here to read the original. The IRS announced on Thursday that it is modifying the annual limitation on deductions for contributions to a health savings account (HSA) allowed for taxpayers with family coverage under…

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Tax Reform Changes effect HSA Limit for Family Coverage

March 12, 2018

The IRS released Bulletin 2018-10 a few days ago.  Most notable is the changes to HSA limit for family coverage.  There has been no change to individual limits. For calendar year 2018, the annual limitation on deductions under Internal Revenue Code Section 223(b)(2)(B) for an individual with family coverage under a high-deductible health plan is…

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What to expect from the IRS during the government shutdown

January 22, 2018

Are you curious how the government shut down will affect your taxes?  Here’s an article from the Journal of Accountancy that lays out what to expect.  What to expect during shutdown.

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