Our Blog

With more than 34 years of Accounitng and Bookkeeping experience we see the value in great business and hope to share what we have learned over the years with everyone. We update or blog weekly so please visit as frequently as possible to get the most up to date posts from our firm.

What is MGIRA (Multi-Generational IRA)?

Who will get the money in your IRA if something happens to you? Congress created IRAs to encourage Americans to plan for their retirement, but it never intended for them to accumulate funds and defer taxes indefinitely. Unless an IRA owner takes specific steps, a...

IRS Rules on PPP Loan (5-4-20)

The IRS announced late Thursday that it will not allow companies to take tax deductions for the wages and other expenses associated with forgiven Paycheck Protection Program loans. The IRS ruling clarified an ambiguity in the Paycheck Protection Program, but also...

Additional Guidance on the PPP

Hello Everyone: On June 5 the President signed into law new laws related to the PPP program and forgiveness of those requirements.  Last week, SBA gave us additional guidance on the details of these changes and how they will be administrated.  For those of you...

Congress Reinstates Expired Tax Provisions

Share Congress let many tax provisions expire on December 31, 2017, making them dead for your already-filed 2018 tax returns.  However, in January of 2020, Congress resurrected the dead provisions retroactively to January 1, 2018. That is the good news!!  However, the...

Significant Changes to Kiddie Tax

There had previously been changes in December 2017, Congress enacted the Tax Cuts and Jobs Act (TCJA) and changed how your children calculate their tax on their investment-type income. The TCJA changes led to much higher tax bills for many children. On December 19,...

Provisions of the PPP for Sole Proprietors

COVID-19: SBA Clarifies PPP Loan for the Self-Employed with No Employees Be ready! News reports say the SBA is out of money on the first round of funding. No problem. Round two is about ready to start. If you are self-employed, with no employees, you absolutely need...

PPP Development

On June 5 the President signed into law new laws related to the PPP program and forgiveness of those requirements.  Last week, SBA gave us additional guidance on the details of these changes and how they will be administrated.  For those of you requiring more...

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Our Locations

Albuquerque, NM:                                                                            1901 A Wyoming Blvd NE                                                  Albuquerque, NM 87122                                                                 

Denver, CO:                                                                                        7900 East Union Ave Suite 1100                                                 Denver, CO 80237

Phone

505-232-3275 (Albuquerque)                                                                    303-975-6564 (Denver)                 

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