Real Estate Agents: The Tax Story
“Gig economy” has become something of a buzzword — slang for what is formally known as the “independent contractor” model. But are you an employee or are you in business …
Rev Up Your Tax Savings: Leverage Increased Auto Depreciation Limits in 2024
You may have heard that auto depreciation limitations are getting a boost in 2024, and you’re curious about what that means for you, right? Whether you’re a small business owner, …
New Colorado Laws Impacting Business Owners and Individuals
Effective January 1, 2024, several Colorado laws were ushered in, including minimum wage increases and changes to paid leave. Minimum Wage Colorado’s minimum wage was boosted to $14.42 per hour, an …
IRS Changes Mileage Rates 2024
According to an IRS statement, starting in 2024, the standard mileage rates for the use of a car (also vans, pickups, or panel trucks) will be: These rates apply to …
Want to Invest in Real Estate? Try the BRRRR Approach
BRRRR stands for buy, rehab, rent, refinance, and repeat. And it’s a tested method that real estate investors have long used. Buy First, you buy a distressed home or one that is …
State and Local Tax Issues Businesses Should Consider
State and local tax issues are a big part of a company’s tax liability. In fact, they are so impactful that a lot of companies actively decide to relocate to …