Thank you to all of you who took our poll from the last newsletter. An impressive 89% of respondents rated our services as EXCELLENT!

We are especially grateful to all you who took the time to respond with a favorable review of our firm - there were many thoughtful and appreciative testimonials that really made our day! I will be posting many of them on our website in the coming year...

Businesses and individuals with a Schedule C and/or Schedule E: please remember to pay for our tax preparation fees before year end

As we noted last month, the new Family Medical Leave Insurance Program (FAMLI) will soon go into effect for all Colorado employers. Employers will need to register and start deducting the 0.45% share of employee wages starting January 1, 2023, as well as submit their 0.45% employer share once a quarter (unless they have 9 or fewer employees). Self-employed and single owner S-corporations don't need to register if they don't want to participate.

Please contact your Tax Manager or refer to the FAMLI website for more details: https://famli.colorado.gov

Also starting in 2023 is the Colorado Secure Savings Program, which is a state sponsored retirement plan for employees who don't have access to an employer sponsored plan. Employers with less than 5 employees and/or have been in business less than 2 years are exempt, and Colorado will begin notifying businesses when it's time to register, sometime next year.