If small business owners take some time this month to review their 2012 business and tax plans, it could mean a little more money in their pockets next year. Local accountants and small business specialists are offering a few end-of-year tax tips. Stockman Kast Ryan accountant Cheryl Solze says keep first things first. “No matter [...]
Continue reading …Today is the deadline for Colorado taxpayers who are behind on their taxes to pay up and avoid penalties under the state’s tax amnesty program. Under the Colorado Department of Revenue’s program, most delinquent tax payers can avoid penalties and pay half the interest on past due taxes. The department reported a surge of calls [...]
Continue reading …A group of Colorado Springs manufacturers say that if the city waived a use tax on big ticket equipment items it would serve as an incentive to attract and retain business, especially manufacturers that spend millions each year on heavy equipment. Some say the use tax is a double burden because businesses are already taxed [...]
Continue reading …In a rare show of unity in a bitterly partisan year, the House has voted overwhelmingly to repeal a law requiring federal, state and local governments to withhold 3 percent of what contractors are owed until they pay their taxes. Federal investigators have found tens of thousands of contractors who owe billions of dollars to [...]
Continue reading …House Democrats are advising Congress’ supercommittee to create jobs, raise revenues and avoid damaging cuts to crucial public works, education and health programs as the panel searches for ways to curb the government’s growing debt. A day ahead of a deadline for submitting advice to the supercommittee, minority Democrats from 16 House committees released letters [...]
Continue reading …When I purchased an old Victorian house in 1986 in the ritzy, historic Old North End neighborhood, the county assessor — or his agent — showed up. He looked around and then announced that my annual real-estate taxes would be increased to about $700. That’s all? I asked in amazement. Perhaps it should be more, [...]
Continue reading …I am in general agreement with Raphael Sassower’s recent opinion piece on “looking outside the military for a brand,” but his gratuitous comments about retired military people demand a response. He said (without any substantiation) that retired military people in our community “don’t like taxes because their kids are no longer of school age.” A [...]
Continue reading …The Colorado panel charged with setting and enforcing rules for gambling are meeting for the first time since Gov. Hickenlooper asked three members to resign after the commission lowered casino taxes. The five-member gaming commission meeting Thursday is composed of all new members because in addition to the resignations two other members were term-limited or [...]
Continue reading …There’s a man who has been calling Judy Hardwicke, a deputy at the El Paso County Treasurer’s Office, for months asking why he keeps getting the tax bill for a property he lost in foreclosure more than a year ago. “I’ve been watching it since February,” Hardwicke said. “The foreclosure sale was in March, 2010.” [...]
Continue reading …A state senator is launching a campaign to raise taxes to prevent further budget cuts for Colorado schools and colleges. Sen. Rollie Heath will officially start the effort Monday at the state Capitol. The proposal would raise the income and sales tax rates between 2012 and 2017. Heath is proposing to raise the sales and [...]
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