For those of you who sell taxable items that are delivered by a motor vehicle to a location in Colorado (including deliveries made by a third-party), the Colorado Department of Revenue will require you to remit a new fee starting July 1, 2022.
Happy Holidays everyone! Just a quick PSA from Salt & Main: We will be closed this Friday for New Year's Eve to spend time in the snow. We wish you and yours the happiest of holidays! We will be returning to the office on Monday and look forward to seeing you then! ... See MoreSee Less
For all the ecommerce and online retailers out there, make sure you are staying up to date on your sales tax figures as it looks like a record number of local municipalities are updating their sales tax rates. ... See MoreSee Less
August marks the last month that qualifying Colorado retailers can apply a temporary deduction to their state net taxable sales. This allows them to keep up to $2,000 of state sales tax collected in August!
Is your business a qualified retailer? Contact us for more info. ... See MoreSee Less
I think this is one of the better articles out there that clearly and concisely sums up the recent extension and modifications made to the Employee Retention Credit (ERC).
Note that a “recovery startup business” is now part of the definition of an eligible employer for wages paid in the 3rd and 4th quarter of 2021.
And how is a recovery startup business defined? Glad you asked! A recovery startup business is an employer that: - is not otherwise an eligible employer under ERC - began carrying on a trade or business after Feb. 15, 2020 - has average annual gross receipts for the three tax years preceding the quarter in which it claims the credit of no more than $1 million ... See MoreSee Less