Our Blog

Getting the Most Out of the Money You Give: #ColoradoGivesDay2016

Lee J Knoll

November 24, 2016

Regardless of how much money you make each year, the idea of stretching each dollar to get the most out of your money is a familiar concept. Sales promotions (such as the Black Friday and Cyber Monday offers that we will be bombarded with over the next several days), traditional mail-in rebates and coupons, as well as next generation discount vehicles such as Groupon are all common ways used...

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Capturing all those pesky receipts

Lee J Knoll

August 24, 2016

If you have not been paying attention, there is technology that will allow you to take a picture of a receipt on your phone, you code the expense item and it remembers it for next time.  The great thing about this is there is an app we use called Receipt Bank www.receipt-bank.com.  You can also email receipts in to your dedicated email...

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Due Dates Changed for some returns

Lee J. Knoll

August 21, 2015

Due dates for specific entities and return types were chanage in the short-term highway funding extension that was signed into law on July 31, 2015.

For partnershipr. returns, the new due date is March 15 for calendar year partnerships.  They will now have a sic month extension of time to file. due Septe Cmber 15th.

For C corporations the new due date is the 15th day of...

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Tid bits needed to know for 2014 and 2015 taxes

Lee J Knoll

January 5, 2015

*The naximum amount avilable to expense for equipment is $500,000 in 2014 and $25,000 in 2015.

*You can contribute to SEP for your employees and yourself until the later of the due date of the return or the extension deadline.

*The standard mileage rate for business in 2014 is .56 cents and for 2015 is .575 cents per mile.

*The new Colorado minimum wage that went into...

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Year End Planning

Lee J Knoll

November 21, 2014

It is that time of year to start planning for 2015 and make sure you can minimize your taxes for 2014.

A few things you can do is:

*Increase your retirement contributions

*Clean out your closets and just clean out your house and give items you no longer need or use to a good charity or your church.

*Meet with your trusted financial advisors including your tax...

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Tax Traps Related Health Insurance Marketplace

Lee J Knoll

November 14, 2014

If you are enrolled in insurance through the health insurance exchange, you need to be aware that you should report certain changes to the marketplace when they happen, such as changes to your income or family size as these affect your eligibility for and the amount of the advance premium tax credit(APTC). The APTC is used to reduce the amount you must pay for your monthly health insurance...

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Advantage of Real Time Collaborative Accounting

September 15, 2014

We just finished up preparing a return for a client that suddenly passed away and his QuickBooks file had not matched the tax return for several years. So when the wife first looked at the bank account it looked like the bank account was overdrawn. This also presented a problem as we had to figure out what was wrong and reconcile the bank account that had not been reconciled since...

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Online and Mobile Banking

June 17, 2014

When you are looking for a bank for business needs, not all banks are created equal. Some banks want to nickel and dime you to death. Some examples of what they want to charge you for are the following:

  1. Downloading your transactions into QuickBooks
  2. Making Deposits using their mobile app—up to .50 per check
  3. Monthly service charge on business...

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Beware IRS Scams

March 10, 2014

It’s that time of year again… As many of you are stressing about your taxes or celebrating a great refund there are many tax scams running rampant to take your money from you. Many of these scams using both email and phones calls appear to come straight from the IRS. In email scams they will use the IRS name and logos and even fake websites that appear very real.

These...

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What’s Up With the Fish?

February 25, 2014

I am sure many of you saw our great logo redesign a while back, but you may have been left wondering... What’s up with the fish?

When we decided to redesign the logo we wanted something that would not only represent our business and our...

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Our New Website

January 14, 2014

Knoll & Company, P.C. is excited to announce the recent launch of our firm’s new website. We’ve been working very hard to enhance our website and give our firm a fresh look. We’ve also continued to research and identify the latest and greatest technologies to improve the services we provide and ensure we continue to meet your needs.

Take a moment to look around...

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Email: knollcpa@knollcpa.com