Colorado Audit, Tax and Consulting

RESOURCE CENTER

Tax Policy

The new tax legislation is the most significant tax overhaul to the U.S. tax code in 30 years. How will tax reform affect your tax planning?

RESOURCE CENTER

Revenue Recognition Resource Center

This resource center provides information about the FASB revenue recognition standard, guidance, implementation ideas and tax implications.

RESOURCE CENTER

Lease Accounting Resource Center

This resource center provides information about the FASB 842 lease accounting standard, guidance and implementation ideas.

Colorado Insights

State tax law changes for the first quarter of 2021

A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending March 31, 2021.

Colorado restores certain business deductions related to the CARES Act

Colorado enacts law restoring certain deductions related the to the CARES Act for both business and individual taxpayers.

Colorado decouples from certain CARES Act provisions

The state will decouple from CARES Act net operating loss, interest expense and excess business losses provisions.

Colorado adopts the Revised Uniform Unclaimed Property Act

Colorado adopts RUUPA with minor variations; shortens dormancy for many property types, and eliminates the standard deduction.

DMA settles Colorado sales tax disclosure lawsuit

Digital Marketing Associations (DMA) Colorado sales and use tax notice and information reporting saga ends in settlement.

Colorado addresses LLC nexus and income tax considerations

Colorado department responds to taxpayer’s request in determining LLC filing responsibilities.

Colorado court excludes holding company from combined group

Colorado trial court rules that a holding company with no property or payroll of its own could not be included in its parent’s combined group.

Electronic messaging services not subject to Colorado SUT

Colorado DOR finds that a company’s sales of enterprise electronic messaging services to Colorado customers are not subject to sales and use tax.

Colorado out-of-state seller use tax

Stay up to date on the frequent changes related to Colorado’s out of state seller use tax regulations.