Taxes

R&D Tax Credit Program

TechSource is putting on a free, statewide webinar:
How R&D Credits Could Benefit Your Business
June 18, 10AM – 11AM

  • The R&D tax credit program reimburses up to 10 percent of your Research & Development expenses.  Learn how to maximize your refund!
  • Presented by Thierry Lepoutre, President, Boostr Consulting, LLC
    Thierry has over 20 years experience providing consulting services to help innovative companies successfully claim R& D tax credits and obtain refunds from the government.

Download the PDF here.
RSVP: 
bit.ly/r-dcredit

The IRS Dirty Dozen

IRS kicks off annual list of most prevalent tax scams:

Agency warns taxpayers of pervasive phishing schemes in its ‘Dirty Dozen’ campaign

 

The IRS warns taxpayers, businesses and tax professionals to be alert for a continuing surge of fake emails, text messages, websites and social media attempts to steal personal information. These attacks tend to increase during tax season and remain a major danger of identity theft. To help protect taxpayers against these and other threats, the IRS highlights one scam on 12 consecutive week days to help raise awareness.

Phishing schemes are the first of the 2019 “Dirty Dozen” scams. “Taxpayers should be on constant guard for these phishing schemes, which can be tricky and cleverly disguised to look like it’s the IRS,” said IRS Commissioner Chuck Rettig. “Watch out for emails and other scams posing as the IRS, promising a big refund or personally threatening people. Don’t open attachments and click on links in emails. Don’t fall victim to phishing or other common scams.” 

 

The IRS also urges taxpayers to learn how to protect themselves by reviewing safety tips prepared by the Security Summit, a collaborative effort between the IRS, state revenue departments and the private-sector tax community. “Taking some basic security steps and being cautious can help protect people and their sensitive tax and financial data,” Rettig said.

For more on the worst of the worst tax scams, visit https://www.irs.gov/newsroom/dirty-dozen.

Disaster Recovery

Disaster Field Operations Center West

Release Date:  June 12, 2018Contact:  Richard A. Jenkins, (916) 735-1500
Release Number:  CO 15561-01Follow us on TwitterFacebookBlogs & Instagram

 SBA Economic Injury Disaster Loans Available to Colorado Small Businesses

 SACRAMENTO, Calif. – Small nonfarm businesses in Arapahoe, Douglas, El Paso, Elbert and Lincoln counties are now eligible to apply for low‑interest federal disaster loans from the U.S. Small Business Administration, announced Director Tanya N. Garfield of SBA’s Disaster Field Operations Center-West. These loans offset economic losses because of reduced revenues caused by drought in Elbert County that began April 10, 2018.

“SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Garfield said.

Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.

“Eligibility for these loans is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 3.58 percent for businesses and 2.5 percent for private nonprofit organizations, a maximum term of 30 years and are available to small businesses and most private nonprofits without the financial ability to offset the adverse impact without hardship,” Garfield said.

By law, SBA makes Economic Injury Disaster Loans available when the U.S. Secretary of Agriculture designates an agricultural disaster. The Secretary declared this disaster on June 5, 2018.

Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Service Agency about the U.S. Department of Agriculture assistance made available by the Secretary’s declaration. However, nurseries are eligible for SBA disaster assistance in drought disasters.

Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

The deadline to apply for economic injury is Feb. 5, 2019.

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 About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

Customer Appreciation Day

Ken’s Auto Service is hosting a customer appreciation day on May 2,Wednesday,  from 11:00am to 3:00pm, in honor of their 16th year in business. They have teamed up with other great organization that share the same goal of building a great reputation as the #1 local automotive sources.

Door prizes, goody bags, burgers & fries ….  and much more!

See ya’ There

Ken’s Auto Service is located at 15293 E. Mississippi Ave. Aurora, CO 80012