More than 8 in 10 Chief Financial Officers believe the U.S. economy will not recover until the second half of 2011, if not later, according to a survey of more than 500 CFO’s conducted by Grant Thornton International. Just 24 percent of those surveyed said they plan to hire over the next six months, with [...]
Continue reading …Supporters of three tax measures on the Colorado ballot say state and local governments could close libraries and put their books on line and sell off light rail to cut spending if the measures pass. Gregory Golyansky (go-lee-AN-ski), vice president of the Colorado Union of Taxpayers, said Friday that printed books are going away and [...]
Continue reading …Congressional Democrats are confronting deep divisions in their nervous ranks over whether to support President Barack Obama’s plan to raise taxes on the wealthiest Americans – or just punt the entire matter until after voters go to the polls Nov. 2. Democratic leaders committed to Obama’s proposal were to hear Wednesday from endangered lawmakers who [...]
Continue reading …Attending a family wedding in Albuquerque over Labor Day weekend, I was again struck by the transformation of that once-grim city into an economic and cultural powerhouse, dominating northern New Mexico and southern Colorado. Santa Fe gets the ink, the tourists, the international reputation, and a few B-level movie stars. Albuquerque gets the diversified business [...]
Continue reading …President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of showing action on the economy ahead of the November elections. An [...]
Continue reading …Property owners in El Paso County could see an average of a 14-percent decline in their 2011 assessments, meaning lower taxes for homeowners and others, according to a preliminary estimate from the El Paso County Assessor. Such a drop in assessments would be the largest since the late 1980s, when Colorado Springs earned a reputation [...]
Continue reading …A coalition formed to fight three tax-limit initiatives on Colorado’s November ballot has raised more than $4 million. Coloradans for Responsible Reform plans to spend most of it on television ads that will run after Labor Day. The campaign manager is Rick Reiter, who led the campaign to pass Referendum C in 2005. The measures [...]
Continue reading …The Colorado Springs City Council gave the Copper Ridge project a green light this spring but the proposed 2.8-milion square foot retail project faces what could be a big roadblock before the El Paso County Commission. Developer Gary Erickson plans to ask the commissioners to grant a sales tax waiver for the project, mostly to [...]
Continue reading …Furloughs and a hiring freeze at the state Department of Revenue have slowed the processing of income-tax refunds in a year already plagued by delays that some blame on a new computer system. In a June 24 notice to tax professionals, the department’s taxpayer service division noted that it was dealing with “a significant backlog [...]
Continue reading …Data-entry errors by its staff and mistakes made by tax preparers. That’s how the state Department of Revenue explains what accounting firms statewide are describing as one of the worst headache-inducing tax seasons in some time. The problem, tax professionals assert, is rooted in a software upgrade by the state. The state counters that its [...]
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