Kevin Shaw CPA

Unemployment Tax Break: Are You Eligible?

The last year has been an anomaly to say the least, and because of that many tax payers have had to file for unemployment. Typically, unemployment income is taxable both federally as well as on the state level. As of March, however, the American Rescue Plan enacted by the IRS has granted a new tax [...]

By |2021-04-01T15:43:39-06:00April 1st, 2021|News|Comments Off on Unemployment Tax Break: Are You Eligible?

Your Third Stimulus Check: What You Need to Know

Many of you have been waiting patiently for more information regarding the third stimulus payment. Good news — it’s finally here and we have all the most important questions answered for you below (like how much, when, and whether or not you qualify). Make note that the stimulus payment is not one-size-fits-all and will look [...]

By |2021-03-25T16:33:23-06:00March 19th, 2021|News|Comments Off on Your Third Stimulus Check: What You Need to Know

Update! New Provisions for Forgivable Loans Including PPP

Back in December, we talked with you about the many changes to small business taxes that have occurred due to COVID-19. Now, it’s important we circle back to this as there have been several adjustments to these “rules”, particularly regarding Payment Protection Program (PPP) loans and other Small Business Association (SBA) loans. Paycheck Protection Program [...]

By |2021-02-27T09:03:11-07:00February 27th, 2021|News|Comments Off on Update! New Provisions for Forgivable Loans Including PPP

Why You Need a Financial Advisor, Not Just a Tax Preparer

When working with a CPA, it is not just about getting your taxes done. Wait … what? You might be thinking, isn’t that the point, though? Of course, it’s our job to do your taxes efficiently and strategically to provide the best value on your return. However, coordination between your tax decisions and big picture [...]

By |2021-01-29T16:01:58-07:00January 29th, 2021|News|Comments Off on Why You Need a Financial Advisor, Not Just a Tax Preparer

LLC vs. S-Corporation: What’s Best for Your Business?

You’ve likely heard the terms LLC and S-corporation tossed around in business. The two are often discussed in conjunction with one another as they are the most common forms of ownership for small businesses. If you are a new entrepreneur or are growing your business, becoming an LLC or an S-corporation may be the best [...]

By |2021-01-28T10:55:04-07:00January 28th, 2021|News|Comments Off on LLC vs. S-Corporation: What’s Best for Your Business?

Are You Keeping Up with Bookkeeping? Why It’s Important for Business Success

Managing your books may seem like a tedious task but recording your financial transactions on a consistent basis will offer more rewards in return when tax time rolls around. Most importantly, it keys you into the profitability of your business and helps you make critical management decisions as your business progresses. Beyond that, you need [...]

By |2020-12-09T09:45:17-07:00December 29th, 2020|News|Comments Off on Are You Keeping Up with Bookkeeping? Why It’s Important for Business Success

The Impact of COVID-19 on Small Business Taxes: What You Need to Know

There is no question that we are all trying to survive (and, more importantly, thrive) in a time of constant change, adaptation, and oftentimes confusion. Let us take one thing off your plate and minimize any confusion you may have about new laws affecting small business taxes. There are a handful of changes stemming from [...]

By |2020-12-08T17:03:11-07:00December 15th, 2020|Current News|Comments Off on The Impact of COVID-19 on Small Business Taxes: What You Need to Know

Exploring the Many Resources Available on the Website

Many people only think of their Fort Collins accounting firm around tax time. After their return is complete and submitted, it’s “Goodbye, until next year.” However, establishing a trusting relationship with a firm means you can, and should, look to them for a wide range of helpful resources throughout the year. On the Shaw & [...]

By |2019-11-21T11:12:25-07:00May 14th, 2019|Kevin's Korner|0 Comments

Why Get Financial Statement Assistance from a Fort Collins Business Accountant

A financial statement is a collection of summary-level reports that provides information on a company’s business activities and financial performance. These reports include, at a minimum, an income statement, balance sheet and cash flow statement. A financial statement is useful in helping lenders, investors, government entities or others: Assess a company’s ability to generate cash [...]

By |2019-11-21T11:12:25-07:00April 29th, 2019|News|0 Comments

Explaining the Qualified Business Income Deduction

Under the Tax Cuts and Jobs Act, there is potentially a 20 percent deduction for qualified business income from a qualified trade or business operated directly or through a pass-through entity. It is important to talk with a trusted tax accountant in Fort Collins to understand what that means for your business. According to the [...]

By |2019-11-21T11:12:26-07:00March 15th, 2019|Current News|0 Comments
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