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2005 TABOR surplus not enough for breaks

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Accountants at Biggs Kofford did a double take last week when they saw that tax planning information on the Colorado Department of Revenue Web site had changed.
Relying on information they had initially received from the DOR, accountants from the firm released information notifying taxpayers that excess revenue collected under the state’s Taxpayer’s Bill of Rights would not only mean they were entitled a refund from the state but also an opportunity for tax breaks in the form of the expanded Colorado source capital gain subtraction, charitable contributions subtraction, interest and dividend subtraction and the child care or child tax credit. Continue Reading 2005 TABOR surplus not enough for breaks

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Virtual seminar offers retirement plan tips

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Retirement planning information just established a new address on the information superhighway.
As an alternative to the typical wealth building or retirement planning seminar during a dinner hosted at a local hotel, Legacy Advisors of Colorado Springs is offering another route to become educated about retirement planning options. Continue Reading Virtual seminar offers retirement plan tips

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Credit checks will have access to medical info

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The federal bank, thrift and credit union regulatory agencies have issued an amendment to the Fair Credit Reporting Act that allows inquiries into medical information to determine credit eligibility.
The amendments, which become affective April 1, will also allow credit affiliates to share medical information. Continue Reading Credit checks will have access to medical info

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Banks push spending to encourage saving

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There has been a lot of talk lately about Americans saving less money these days, and by some accounts the nation’s personal savings rate is at its lowest point since the Great Depression of the 1930s.
Experts say this is a problem because it’s leaving Americans ill-prepared for emergencies and retirement, and building potential for a financial crisis down the road. Continue Reading Banks push spending to encourage saving

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U.S. Bank’s Wahsatch branch lobby re-opens

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It was déjà vu come true for U.S. Bank this week as officials re-opened the lobby of the branch at Pikes Peak and Wahsatch.
The lobby has been closed to walk-in business since the late 1990s, when banking traffic at the location took a dive, said Lana Yeakel, president of U.S. Bank downtown. Continue Reading U.S. Bank’s Wahsatch branch lobby re-opens

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Ent teams up for $1B housing aid program

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Ent Federal Credit Union is one of four credit unions in Colorado participating in a nationwide program to help first-time homebuyers. Continue Reading Ent teams up for $1B housing aid program

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Rival warmly welcomes new bank on the block

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U.S. Bank welcomed Academy Bank to the downtown neighborhood last week with a practical joke.
Unidentified officials from U.S. Bank posted a sign on the boarded windows of Academy Bank’s soon-to-open downtown branch, which is still under construction, that read “Construction funded by U.S. Bank.” Continue Reading Rival warmly welcomes new bank on the block

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Vectra survey shows support for refs C & D

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A majority of Colorado’s business leaders favor Referenda C and D, according to a Vectra Bank survey. The Vectra 100 survey was conducted through mid-September. Sixty percent of those surveyed said they supported C and D. Only 10 percent of those surveyed said they opposed C and D, and another 30 percent said they were… Continue Reading Vectra survey shows support for refs C & D

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Wells Fargo profits continue to increase

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Continuing on a four-year trend, Wells Fargo reported this week that its third-quarter profits were up 13 percent. It may be proof that Wells Fargo’s formula of capitalizing on the mortgage and commercial loan market is working, considering the strategy has provided the bank with double-digit earnings for the last four years. However, changes to… Continue Reading Wells Fargo profits continue to increase

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