2023-11-14 20:16
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
2023-04-11 22:25
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
2023-02-17 22:10
“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
2022-12-12 11:53
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
2022-12-12 11:53
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
2022-09-27 17:14
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
2022-09-20 21:08
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
2022-09-14 20:41
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
2022-09-13 15:17
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
2022-09-07 19:17
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
2022-08-24 21:37
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
2022-08-09 21:49
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
2022-08-02 16:01
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
2022-07-26 22:06
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
2022-07-20 16:12
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
2022-07-12 18:16
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
2022-07-07 16:11
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
2022-06-28 14:04
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
2022-06-21 21:24
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
2022-06-13 16:16
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
2022-06-06 18:50
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
2022-06-01 15:11
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
2022-05-25 14:25
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
2022-05-18 17:25
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
2022-05-09 18:28
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
2022-05-04 16:04
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
2022-04-25 20:41
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
2022-04-15 15:00
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
2022-04-14 15:49
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
2021-11-30 18:41
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
2021-11-02 16:36
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
2021-09-09 21:07
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
2021-09-09 20:24
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
2021-08-27 22:21
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
2021-08-26 21:12
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
2021-06-24 16:55
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
2021-03-19 20:09
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
2021-03-18 15:07
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
2021-03-15 14:13
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
2021-02-16 23:30
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
2021-02-16 23:29
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
2021-01-30 16:06
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
2021-01-30 16:06
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
2021-01-04 16:55
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
2020-12-29 00:51
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
2020-12-23 15:21
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
2020-12-22 00:07
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
2020-12-18 18:34
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
2020-12-09 01:52
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
2020-11-25 15:15
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
2020-11-19 23:15
PPP Forgiveness Update
On November 5th, BiggsKofford wrote an article providing an update on the PPP Loan Forgiveness rules. That article can be found HERE. In that article we recommended de… Read More
2020-11-19 16:13
Scaling Up Workshop Invite
We are happy to announce that BiggsKofford is sponsoring a fantastic and powerful planning workshop: Are You Ready to Scale Up Your Business? The pr… Read More
2020-11-13 15:20
PPP Loan Forgiveness Checklist
BiggsKofford has created a PPP Loan Forgiveness Checklist that can be downloaded from our website HERE. PPP Borrowers may find this Checklist helpful to d… Read More
2020-11-06 23:19
Deadline to Update Sick and Leave Time Policy is Approaching
As we reported in an earlier eNews release, which can be found HERE, the Governor signed the Healthy Families and Workplaces… Read More
2020-11-05 12:50
Forgiveness – The final chapter in the PPP Loan process. While most borrowers have completed their “Covered Period” to spend the money, and might be ready to apply, many le… Read More
2020-11-05 00:14
BiggsKofford Expands with a Denver Office
BiggsKofford has expanded to now include an office in the Denver Metro area. Our new offices are located in the Denver Tech Center:
8400 E Crescent… Read More
2020-10-09 21:46
SBA Streamlines PPP Forgiveness for Loans of Less Than $50,000!
A new interim final rule (IFR) provides new guidance concerning forgiveness and loan review processes for PPP loans of $50,00… Read More
2020-10-06 21:33
New funding available: Provider Relief Fund Phase 3 General Distribution
Additional Funding Released
Starting Oct. 5, you can apply to receive funds based on assessed revenue losses and ex… Read More
2020-09-22 17:25
HHS Provider Relief Fund Reporting Guidance
On September 19, 2020 the US Department of Health and Human Services (HHS) issued Post Payment Notice Reporting Requirements. All recipients… Read More
2020-09-21 14:02
The U.S. Department of the Treasury recently announced rules required for business owners to make use of the Paycheck Protection Program’s (PPP) loan forgiveness feature. The updated g… Read More
2020-09-14 20:45
Applications are now due by Sunday, September 13, 2020.
Follow the link HERE to apply now.
The Phase 2 distribution is intended for Medicaid, CHIP, and dental providers… Read More
2020-08-31 17:19
The IRS issued guidance on the payroll tax deferral that was ordered by the President in a presidential memorandum on Aug. 8 (Notice 2020-65). The notice allows employers to defer withholdin… Read More
2020-08-12 21:08
El Paso County Allocates Additional CARES Act Funds to Small Business and Nonprofit Grants
El Paso County continues its commitment to local small businesses and nonprofits with a new multi-m… Read More
2020-07-24 20:31
HHS Provider Relief Fund – General and Targeted Fund Update
HHS issued a limited update Monday July 20th. The update suggests that providers who received more than $10,000 in PRF… Read More
2020-07-24 20:30
The Governor signed the Healthy Families and Workplaces Act on July 14, 2020.
2020:
For the remainder of this year, the Act will require all employers to comply with the emergency paid sick… Read More
2020-06-24 15:28
Clients and Friends of BiggsKofford,
I’m happy to pass along an invitation for the Scaling Up Workshop, being offered on Wednesday July 1. Many of the BiggsKofford Shareholders and cli… Read More
2020-06-24 15:27
We want to thank everyone who was able to attend our Town Hall webinar this morning with Chris Blees, CPA, CM&AA and Austin Bucket, ACA, CM&AA. We had great input from… Read More
2020-06-18 14:38
The U.S. Small Business Administration (SBA), in consultation with Treasury, released Wednesday a revised loan forgiveness application for the Paycheck Protection Program (PPP). The SBA also… Read More
2020-06-16 21:27
On June 5th, President Trump signed the Paycheck Protection Program Flexibility Act of 2020, which made significant changes to the PPP program. The Bill he signed was the exact law passed as… Read More
2020-06-10 13:04
HHS Provider Relief Fund Expanded to Medicaid & CHIP Providers
Today, the U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HR… Read More
2020-06-09 19:14
THE PREMIER PPP FORGIVENESS WEBINAR WITH THE EXPERTS
The PPP Flexibility Act was signed into law last Friday. In a joint news release, the Small Business Administration and the Treasury… Read More
2020-06-04 14:09
Breaking News: Significant Changes to PPP Loan Forgiveness Rules
The Senate on Wednesday evening passed by voice vote a House-passed Paycheck Protection Program reform bill, clearing it for… Read More
2020-05-20 13:46
Important Highlights from the PPP Forgiveness Application
The SBA released the first draft of the Forgiveness Application and related Instructions on Friday evening (5/15/2020). The ap… Read More
2020-05-20 13:45
Requirements for CARES Provider Relief General Fund Recipients
Below is an article from the GreenbergTraurig Law Firm blog. GreenbergTraurig did a great job at researching and summarizing th… Read More
2020-05-18 17:44
PPP Loan Forgiveness Application Released
On May 15th, The U.S. Department of Treasury’s Small Business Administration (SBA) finally released the Paycheck Protection Program (PPP) loan… Read More
2020-05-13 19:12
THE SBA’S MOST RECENT FAQ CLARIFIES SAFE HARBOR RULES
In the Small Business Administration’s (SBA) most recent Facts and Questions (FAQ’s), updated May 13th which can be f… Read More
2020-05-07 19:30
HHS Provider Relief Funds – Automatic Payments & New Application Portal
Medical practices that serve Medicare patients can participate in the Provider Relief Funds under the CARES… Read More
2020-05-07 17:11
As many already know, we have new developments regarding the Paycheck Protection Program (PPP) loans and the associated forgiveness aspect. Below is a brief summary of a few of the more rece… Read More
2020-05-01 14:31
A primary aspect of the CARES Act was the Paycheck Protection Program. It is so popular that additional funds were appropriated for it. The essence of PPP is that a business borrows fro… Read More
2020-04-20 20:45
IRS Releases FAQs for Payroll Tax Deferrals
The IRS issued Frequently Asked Questions (FAQs) that clarifies the interaction between the employer relief provisions in the Coronavir… Read More
2020-04-20 19:22
PPP LOAN FORGIVENESS – SOME CLARITY WOULD BE NICE!
Now that many small businesses have received their PPP loans, we are all trying to make sense of the Forgiveness Rules. BiggsKofford… Read More
2020-04-16 16:35
The CARES Act Provider Relief Fund Payment Attestation Portal is now open HERE.
Providers who have been allocated a payment from the initial $30 billion general distribution must sign… Read More
2020-04-15 19:08
President Trump is providing support to healthcare providers fighting the COVID-19 pandemic. On March 27, 2020, the President signed the bipartisan CARES Act that provides $100 billion in re… Read More
2020-04-15 19:06
The Paycheck Protection Program, part of the new CARES stimulus package, is a federal loan program aimed at helping small businesses, including sole proprietors, independent contractors… Read More
2020-04-15 19:05
Now due on July 15, 2020:
2019 Form 1040
2019 Form 1040 Balance Due Payments
First Quarter Individual 2020 Estimated Payments
Second Quarter Individual 2020 Estimated Payments
Taxpayers were… Read More
2020-04-07 23:17
PAYROLL PROTECTION PROGRAM – APPLICATION UPDATE
BiggsKofford’s PPP Support Team has been actively assisting clients with the calculations needed to complete Payroll Protection P… Read More
2020-03-30 14:18
The Coronavirus Aid, Relief and Economic Security (CARES) Act is a reality!
Our clients are now asking, “How do we apply?” The SBA must now write rules and regulations to g… Read More
2020-03-30 14:17
The Work-Share Program
Thinking of laying off employees? Consider the Work-Share Program.
The Work-Share Program provides an alternative to laying off employees by allowing them to keep work… Read More
2020-03-27 21:27
We at BiggsKofford recognize the SBA Forgivable Loan Program noted below will be of significant interest to our clients. We are already in discussions with many of the largest and most activ… Read More
2020-03-25 01:22
Paid Leave Benefits Amid Coronavirus Crisis
If you work for the government, or for a company with fewer than 500 employees:
Most workers at small and midsize companies can get the paid leave… Read More
2020-03-24 16:35
Filing Your Taxes
Taxpayers will get three additional months (7/15/2020) to pay their 2019 income tax liability without penalties or interest. As part of its coronavirus response, the… Read More
2020-03-23 20:15
We’ve created a “Small Business COVID-19 Response Checklist” to provide a list of actions Business Owners can take in this rapidly changing environment. The informatio… Read More
2020-01-06 20:57
Due to significant client growth, BiggsKofford has recently hired 10 new employees and promoted 3 CPA’s into new management positions. We are so pleased to have attracted all these tal… Read More
2019-11-26 18:38
The post Give Thanks appeared first on Colorado Springs CPA | BiggsKofford Accounting Firm Read More
2019-11-13 14:44
The post The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020 appeared firs… Read More
2019-06-24 15:54
BiggsKofford’s Managing Partner, Chris Blees, is celebrating 25 years with the firm. Serving as the CEO for the last 12 years, Blees provides overall corporate leadership for th… Read More
2019-05-29 18:01
Both the Internal Revenue Service and the State of Colorado offer secure, convenient ways to make your quarterly estimated tax and yearly tax due payments online. For information on ho… Read More
2019-04-25 16:50
BiggsKofford, P.C., announces the addition of one new supervisor and two new associate team members. Jeff Mandarich and Ashley Salsedo are supporting our growing audit and accounting departm… Read More
2019-01-31 14:04
BiggsKofford is celebrating significant partner milestones this week. One of our Founding Partners, Kurt Kofford, recently celebrated his 30th anniversary with the firm and Tax Par… Read More
2019-01-30 11:55
We would like to thank everyone for coming to our presentation on January 30th covering the Tax Cuts and Jobs Act update. If you weren’t able to attend, or if you would like to review… Read More
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