Tax season is officially here and many people do not realize they are responsible for the information on their tax return – regardless of who prepares it. Be wary of who you choose to prepare your taxes. • Make sure your preparer is truly qualified (e.g., CPA, Enrolled Agent, etc.). The IRS (IRS.gov) has a […]
Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. Here are some important tax figures for 2016, compared with 2015, including the estate tax exemption, Social Security wage base, qualified retirement plan and IRA contribution limits, driving deductions, allowable business write-off amounts and […]
In December the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), was approved. The act extends certain tax relief provisions that expired at the end of 2014. In many cases, it makes the breaks permanent. These provisions can produce significant savings for taxpayers, but some had to be taken advantage of by December […]
From our family to yours – Merry Christmas and Happy New Year!
Beginning on January 1, 2016, the standard mileage rates for the use of a car, van, pickup, or panel trucks will be: • 54 cents per mile for business miles driven (down from 57.5 cents for 2015) • 19 cents per mile driven for medical or moving purposes (down from 23 cents for 2015) • […]
The Glenwood Springs office held an ugly Christmas sweater/tie contest last week and the group had a lot of fun out-doing each other. The winner, however, was most apparent – James Heelan took first place with his ugly sweater suit. Congrats to James, Kelly Ward (2nd place), […]
ColoradoBiz recently announced their Top 250 Private Companies in Colorado with Dalby, Wendland & Co., P.C., making the list for the third year. Fewer than 15 companies recognized are on the Western Slope. Companies must be headquartered in Colorado and are ranked each year by gross revenues. The published list also highlights industry type, years […]
Charitable giving is an important part of the lives of many people. As we approach the holiday season it often comes to the forefront of our thoughts as we actively seek ways to make a difference in our community members’ lives and promote human welfare. Nothing quite warms the heart like knowing you made a […]