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Tax time is stressful for most small business owners. The ultimate goal is to minimize the tax liability for your company. However, many people fail to organize and prepare themselves for tax season. At Wiegand Attorneys & Counselors, LLC, we want to provide you with some business tax planning tips. You can use these tips…
In dealing with the novel coronavirus, many states have imposed shutdowns to protect the public. Colorado is one such state, having closed local, non-essential businesses in densely populated areas early on. The state also mandated a stay in place order that requires Coloradans to remain at home except when absolutely necessary. As a result, the…
The Novel Coronavirus, also known as COVID-19, has paralyzed the nation. For example, stores are closing, movie theaters have gone dark and restaurants are boarded up for the foreseeable future. Also, with a mortality rate of over three percent, immunocompromised and aging citizens are the most at risk. Thus, during this Coronavirus outbreak, it…
Small business owners face an uphill battle in their first couple of years. In fact, a third of all small businesses fail in the first two years. According to a recent study, 82 percent of businesses fail due to cash flow problems. The predominant reason for cash flow problems is that their bills exceed…
Like many Americans, you may be looking to get a head start on filing your taxes. If so, then you should begin planning for any changes to the tax code. This will help you avoid penalties and maximize your potential refund. Fortunately, an experienced Denver tax planning attorney at Wiegand Attorneys & Counselors, LLC…
As we approach the New Year, you may have already crafted an estate plan. However, your circumstances might have changed since the last time your estate plan was completed. For example, you may have acquired more assets, contracted a serious illness or the executor you originally selected may have passed away. Therefore, it is a…
Estate planning is for everyone, but it is especially important to think about if you are a woman. Statistics show that women are more likely to live longer than their husbands. Therefore, a woman may have to pay estate taxes on assets that both she and her partner accrued during their lifetime. Fortunately, there are…
Whether you are talking about a succession / exit plan for your business or your personal retirement / estate plan, then it is important to begin by thinking about what you wish to accomplish. Any succession plan that you create should ultimately help you plan for the life that you want in the future. Taking…
Small business owners must deal with many issues in addition to making financial ends meet: taxes, local and state regulations and licenses, advertising and future growth to name just a few. That last issue-future growth is what most small business owners work toward. If you are fortunate enough to be hiring new employees, then…
The rules in the 2017 Tax Cuts and Jobs Act (TCJA) went into effect on January 1, 2018 and will expire on December 31, 2025. That means you will start to see the effects of these mandates on your taxes as we begin tax season. Here is a brief look at a few changes to…
