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BiggsKofford announces Spring Internship Opportunities–read below for more information: Dates of Spring intern program: Late January, 2023 to April, 2023   Compensation and Location: $24/hour (there will be no compensation for vacation, health or any other employee benefits). Onsite, in-person in our beautiful Colorado Springs offices.   Work Hour Expectation: 30 hrs per week with flexibility; possibility to…

In 2020, the FBI reported 1.4 million cybercrime complaints, mostly identity theft, up from 651,000 in 2019. The Federal Trade Commission received 4.8 million cybercrime complaints in 2020, up from 3.3 million in 2019. According to the Internet Crime Report, the cost to victims was $6.9 billion in 2021. The time period reported in these…

Chris Blees, President and CEO of BiggsKofford Certified Public Accountants and BiggsKofford Capital M&A Advisors, today announced that the newly revised Middle Market M & A: Handbook for Advisors, Investors, and Business Owners, 2nd Edition is set to release on or around September 30. The book provides comprehensive information valuable to anyone involved in mergers,…

Are you ready to move on to the next chapter and are looking to sell your current business? Selling a business is a complex, multi-step process that can be time-consuming and seem like a hassle at times, but all that effort is well worth it when you find the right person to buy it from…

The federal government’s Employee Retention Credit proved to be a lifeline for many businesses and their employees. The eligibility rules were complex and changed over time, as noted in an extensive IRS chart. Not all owners may have been able to figure out whether they were eligible; however, the IRS is giving them a break: Even…

BiggsKofford’s Garrett Adams discusses the advantages of IRA conversions: Now might be the time to take advantage of a traditional to Roth IRA conversion. 2022 has been a financially challenging year for a lot of Americans. Whether you are a small business owner whose business has taken a hit, or the value of your retirement…

Are your employees really employees, or are they actually independent contractors? It’s not just semantics; the IRS makes a stark distinction. You don’t generally have to withhold or pay any taxes on payments to independent contractors, as you do with employees. If you’re a business owner hiring or contracting with other individuals to provide services,…

Do you collect stamps? Write stories? Craft macramé holders for hanging plants? Are these hobbies or actual businesses? The IRS has weighed in on this: “A hobby is any activity that a person pursues because they enjoy it and with no intention of making a profit. People operate a business with the intention of making…

Chris Blees, President and CEO of BiggsKofford CPAs, a leading Colorado accounting firm with offices in Colorado Springs and Denver, today announced that Gabby Walker, Outsourced Accounting Specialist, has joined the organization. BiggsKofford’s Virtual Accounting Solutions Team (VAST) is designed for modern businesses with a fully online, fully remote solution that leverages the latest technologies…

As a privately held company, you are not required to prepare and submit financial statement audits. Currently, U.S. government regulators require that only public companies that sell stock or bonds, or companies that are in the process of going public must file audited financial statements. Again, privately held companies do not have to file, which…

My name is Wyatt Kent and I am a rising senior accounting major. I attend Samford University in Birmingham, Alabama, where I have lived my entire life. I have two previous busy seasons in tax and am very excited to have my first experience in audit this summer. Outside of the office, I enjoy hiking,…

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…