Corporate Transparency act is a new law that will take affect January 1, 2024. What does this mean for companies and what should they be aware of? Starting in January 2024 some companies wil… Read More
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Biggs Kofford Cpa - Accounting Firm Blog
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Colorado Springs CPA providing expert accounting advice for both business and private clients in areas such as Audit & Assurance, Business Consulting, Government Contracts, Mergers & Acquisitions, Private Client Services, Taxes and more
Chris Blees, BiggsKofford Capital’s founding partner and managing director, will be featured in a merger & acquisition webinar series hosted by Finquest, an international company w… Read More
“Thought Leader of the Year”
February 15, 2023 – Chris Blees of BiggsKofford, P.C. was named the 2022 Merger & Acquisition “Thought Leader of the Year” by t… Read More
The Pikes Peak Enterprise Zone (EZ) recently submitted its 2022 EZ Boundary Amendment Request to OEDIT, which received unanimous approval from the Colorado Economic Development Commissi… Read More
The Office of Inspector General (OIG) is required by law to maintain a list of individuals and entities who have been excluded from federally funded health care programs. This list would inc… Read More
BiggsKofford announces Spring Internship Opportunities–read below for more information:
Dates of Spring intern program: Late January, 2023 to April, 2023
Compensation and Locatio… Read More
In 2020, the FBI reported 1.4 million cybercrime complaints, mostly identity theft, up from 651,000 in 2019. The Federal Trade Commission received 4.8 million cybercrime complaints in 2020… Read More
Chris Blees, President and CEO of BiggsKofford Certified Public Accountants and BiggsKofford Capital M&A Advisors, today announced that the newly revised Middle Market M & A: Handboo… Read More
Are you ready to move on to the next chapter and are looking to sell your current business? Selling a business is a complex, multi-step process that can be time-consuming and seem like a has… Read More
The federal government’s Employee Retention Credit proved to be a lifeline for many businesses and their employees. The eligibility rules were complex and changed over time, as not… Read More
BiggsKofford’s Garrett Adams discusses the advantages of IRA conversions:
Now might be the time to take advantage of a traditional to Roth IRA conversion. 2022 has been a financially c… Read More
Are your employees really employees, or are they actually independent contractors? It’s not just semantics; the IRS makes a stark distinction. You don’t generally have to withhol… Read More
Do you collect stamps? Write stories? Craft macramé holders for hanging plants? Are these hobbies or actual businesses? The IRS has weighed in on this: “A hobby is any activity… Read More
Chris Blees, President and CEO of BiggsKofford CPAs, a leading Colorado accounting firm with offices in Colorado Springs and Denver, today announced that Gabby Walker, Outsourced Accounting… Read More
IRS Form 941 is a tax form that businesses file quarterly. It is how businesses report income taxes as well as payroll taxes, Social Security, and Medicare taxes that the business withheld f… Read More
Many of our business clients use the QuickBooks software to keep track of finances and to gauge performance. There are two editions of QuickBooks available: QuickBooks Desktop, w… Read More
As a privately held company, you are not required to prepare and submit financial statement audits. Currently, U.S. government regulators require that only public companies that sell stock o… Read More
My name is Wyatt Kent and I am a rising senior accounting major. I attend Samford University in Birmingham, Alabama, where I have lived my entire life. I have two previous busy seasons in ta… Read More
The Colorado Secure Savings Program, set to begin in 2023, requires any company with five or more employees that does not already offer a retirement program, to enroll. Employees can opt-out… Read More
Who I am:
I am Michael Walter Matthews, I graduated from STEM School Highlands Ranch, and I am currently a senior at Western Colorado University. I have no professional or internship experie… Read More
COLORADO SPRINGS, Colorado–June 6, 2022 – Chris Blees, President and CEO of BiggsKofford, Certified Public Accountant, a leading Colorado accounting and professional advisory fi… Read More
One of the key components of a successful middle-market business is the maintenance of accurate financial records. Accounting is much more than a chore that must be attended to in order to f… Read More
Dedicated CPA Awarded Elite Title at Colorado Springs and Denver Certified Public Accountants Firm
COLORADO SPRINGS, Colorado–May 25, 2022 – Chris Blees, President and CEO of Bi… Read More
Austin Buckett, Director and CFO at BiggsKofford, explains why it’s never too late to put together a good financial model that can promote your company to investors and guide your busi… Read More
How do you measure how robust your business is? One of the key ways is by looking at financial ratios, which can be grouped into four categories.
Liquidity — Your business’s… Read More
Deborah Helton, Director at BiggsKofford, discusses why physicians need to be aware of frequently overlooked barriers their practices face when considering revenue compression and inflationa… Read More
It’s no secret that nonprofits have had to weather challenging circumstances in the past two years. Building strategies and tactics that remain flexible are basic guiding tenants for a… Read More
BiggsKofford, P.C. Hires New Team Memebers
COLORADO SPRINGS, Colorado–April 2022 – Chris Blees, President and CEO of BiggsKofford, P.C., a leading Colorado accounting firm with o… Read More
Colorado State Tax Updates 2022
Colorado had implemented changes to Tax Laws that could impact you in 2022. Entities have a new way to pay your state taxes in some instances while indi… Read More
We are proud to announce that two of our team members have been awarded scholarships from Colorado Society of CPAs Education Foundation.
Congratulations to Bridget Kalicki & Tram Ha!
T… Read More
Placing a number on your company’s value can be a daunting task in even the best situations.
You’ve invested a significant portion of your time in building this company, so you w… Read More
BiggsKofford is a proud sponsor of the 25th Annual UCCS Economic Forum!
This is a great opportunity to get important information about the economic health and outlook of the region. The… Read More
IRS Sends Out 11 Million “Math Error” Notices
Many Americans are receiving Math Error notices from the IRS resulting in adjusted tax due or reduced refunds for 2020. This is… Read More
HHS Reporting: Final Guidance on PRF Funding
HHS has finalized reporting guidance for recipients of funding from the Provider Relief Fund (PRF). The HHS PRF reporting portal has been open si… Read More
Be on the Lookout for Third Quarter 2021 Estimated Tax Payment Voucher!
As many of our clients are aware, we are now utilizing the cloud-based tax return delivery platform, SafeSend Returns… Read More
As fraud expands, thieves have more opportunities to steal your financial identity. The Federal Trade Commission reports that as many as half a million Americans have their identities stolen… Read More
Colorado Department of Revenue Extends Income Tax Filing and Payment Deadline
The Colorado Department of Revenue announced Thursday that it will extend the individual income tax payment and… Read More
Individual Taxpayer Filing and Payment Deadline Extended But Be Cautious
The IRS announced yesterday, March 17th, that they will extend the filing and payment deadline for individ… Read More
The House of Representatives passed the American Rescue Plan Act, H.R. 1319, on Wednesday and President Biden signed it into law on Thursday. This $1.9 trillion rescue package is intended to… Read More
Opportunity for a $10,000 Economic Injury Disaster Loan Grant
The SBA has announced an opportunity to get a $10,000 EIDL Grant. This new round of EIDL Grants is called the “Targeted E… Read More
More Companies May Now Qualify for the Employee Retention Credit
The Consolidated Appropriations Act (CAA) was signed into law on December 27, 2020 as a continued effort to support the econo… Read More
DID YOU RECIEVE A 1099-G BUT DID NOT FILE FOR UNEMPLOYMENT?
Unfortunately, the Colorado Department of Labor had a large number of fraudulent unemployment claims this year. Even a… Read More
HHS Reporting Deadline Postponed
The US Department of Health and Human Services (HHS) announced on January 15, 2021 that they will postpone the CARES Act Provider Relief Fund (PRF) reporting… Read More
Business Preparation for Stimulus #2
What you should do IMMEDIATELY to be prepared
The new COVID Relief bill was signed by the President on December 28th. We covered the highlights of the la… Read More
Trump Signed the Relief Act:
Key Provisions for BiggsKofford Clients
President Trump has finally signed the coronavirus relief package that was passed by Congress last week. Here are the imp… Read More
The House of Representatives and the U.S. Senate passed a $900 billion COVID-19 relief bill on Monday night which is expected to be signed in to law by President Trump at some point very soo… Read More
Congress announced yesterday that a new, $900 billion, COVID relief package is coming. This will include another round of Paycheck Protection Program (PPP) loans as well as a… Read More
BiggsKofford is again sponsoring a fantastic and powerful planning workshop: Are You Ready to Scale Up Your Business? The program is Wednesday, January 13, 2021 Online/Vi… Read More
The IRS has introduced a new Form 1099-NEC, Nonemployee Compensation. It’s a sibling to Form 1099-MISC and replaces it for certain purposes. You must file it for each person in the cou… Read More
Wishing You an Abundantly Wonderful Thanksgiving Holiday
Our Offices will be closed on Thursday the 26th and Friday the 27th while observing the holiday weekend. We will be open again o… Read More
