# Site: sikora-cpa.com # URL: https://sikora-cpa.com # Generated: 2026-09-06 03:03:32 # Version: 1.2 # File Type: llms-full.txt # Total Pages: 63 --- ## Home URL: https://sikora-cpa.com/ ##### Over 25 Years of Experience ## The highest rated CPA ## in Colorado Springs. ### THE  HIGHEST RATED CPA  IN THE COLORADO SPRINGS AREA Sikora CPA has been serving Colorado Springs for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. Thank you, Colorado! Sikora CPA is honored to be ranked #3 on seolium.com by the good people of our state for CPA consultants and firms. Your trust inspires us to continue to deliver exceptional financial solutions every day.If you are looking for a blend of personal service and expertise, you have come to the right place! We offer a broad range of services for business owners, executives and independent professionals. Our rates are affordable. We are experienced, friendly, and ready to assist! ### Sikora CPA offers a wide variety of financial assistance + guidance. The team at Sikora CPA provides tax services for individuals, estates and a wide range of businesses including LLC's, S-Corporations and Non-Profits. Click here to see all the services we offer. #### Bookkeeping Services LEARN MORE #### Business Tax Returns LEARN MORE #### Certified Public Accountant LEARN MORE #### Individual Tax Returns LEARN MORE #### LLC + Corporation Setup LEARN MORE #### Military Tax Returns LEARN MORE #### Business Payroll Services LEARN MORE #### IRS Audit Representation LEARN MORE ### What our clients are saying ... ## Get the financial help you deserve! Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Business Tax Returns URL: https://sikora-cpa.com/services/business-tax-returns/ ### Business Tax Returns  IN THE COLORADO SPRINGS AREA ### THE  HIGHEST RATED CPA  IN THE COLORADO SPRINGS AREA Sikora CPA has been serving Colorado Springs for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Taxpayers are continuously challenged by the rules, regulations, filing requirements and disclosures required by local, state, federal and even international taxing authorities. Sikora CPA’s team of CPAs and accountants combines expertise and experience to ensure that you understand and comply with all relevant tax requirements. We have a deep understanding of individual and business taxation, flow-through entities, international tax, estate tax and state and local tax. We understand that every financial decision a business makes has an effect on not only their business tax liability, but often their personal tax situation as well. Our team will help you understand the tax implications of decisions before you make them; ensuring that you remain compliant, while finding opportunities for tax minimization. Staying ahead of the complex and frequently changing tax code can be a challenge. We help our clients stay ahead of the ever-changing laws, and we diligently apply the intricacies of tax principles to your circumstances for the best possible results. Sikora CPA is experienced in preparing and reviewing tax returns for individuals, estates, and trusts. From the most complex to the straightforward return, our team will apply our knowledge and experience to ensure you comply with local, state and federal tax requirements.While tax compliance is essential for every organization, tax planning is just as critical to your ongoing success. Our team can help you plan for tax minimization by working to proactively identify opportunities for savings at the local, state, federal and international levels. We evaluate available credits, abatements, deductions, deferments, depreciation opportunities and many other tax planning tools on a continuous basis. Effective tax minimization requires more than just understanding the law; it also requires understanding and maintaining a working knowledge of your business and personal situation. By focusing on continuing professional education and stressing open and frequent communication with our clients, we are able to identify opportunities when they arise and ensure that our clients are taking advantage of each opportunity for tax minimization. Our tax consulting services include: • Compensation Planning for Pass-Through Entities • Business Succession Planning • State and Federal Dispute Representation • Multi-State Tax Planning • International Tax Planning • Mergers & Acquisitions Tax Structuring and Planning • Retirement Planning • Multi-level Tax Minimization Planning • Tax Projects & Year End Planning • Family Tax Planning • Estate & Gift Planning • Wealth Transfer There are three main types of business entities that require federal tax filings. Partnerships, C-Corps, and S-Corps. Without the proper knowledge, all three can be difficult to understand. Our corporate tax accounting services can help. Below is a discussion of each, as well as a brief comment on LLCs:If you have more than one member in your business but have not otherwise incorporated as an S-Corp or C-Corp, you should likely be filing partnership return. It is reported on Federal Form 1065 and (if applicable) certain state schedules. We support all 50 states. This default classification arises if you apply for an EIN number for a business entity that has more than one owner. This default classification also arises if you have registered an LLC with your state and that LLC has more than one owner, equity partner, or member.An S-Corp is a small business corporation structure allowed by the IRS. It is reported on Federal Form 1120-S and (if applicable) certain state schedules. We support all 50 states. This is not a default classification – rather, you must apply for it and be approved by the IRS. The appeal of this classification is that it allows for decreased self-employment taxes on your individual return. These tax savings may be substantial, depending on the annual net income of your business. Please contact us for more details or to file your annual return.A C-Corp is a taxable entity that pays taxes in its own right. It is reported on Federal Form 1120 and (if applicable) certain state schedules. We support all 50 states. This structure is the default classification you must file with the IRS after you file as a corporation with your state or after registering your EIN as a corporation with the IRS. The C-Corp structure allows many shareholders and is the common classification for many Delaware startups and larger businesses.An LLC often has state filing requirements. However, for federal purposes, you would be filing your LLC taxes on one of two forms: from 1040 Schedule C or Form 1065. If you are the only owner, partner, or member of your LLC, then you would report on Federal Form 1040 Schedule C. If you have more than one owner, partner, or member of the business, then you would report on Form 1065, unless you have specifically incorporated as an S-Corp or other type of entity. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## CPA URL: https://sikora-cpa.com/services/cpa/ ### CPA Services IN THE COLORADO SPRINGS AREA ### THE  HIGHEST RATED CPA  IN THE COLORADO SPRINGS AREA Sikora CPA has been serving Colorado Springs for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Sikora CPA is the highest-rated CPA firm in Colorado Springs, CO. Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Colorado Springs, Sikora CPA finds solutions that let your wealth work for you, not against you. We offer exceptional tax accounting services for all your financial needs — from tax accounting services, cash flow management, succession planning to tax audits and much more. Save money with the best accountants in Colorado Springs.No financial problem is too large or complex for the accountants at Sikora CPA in Colorado Springs. Work with CPAs in Colorado Springs who offer exceptional value and tax accounting services for: • Financial Industry Professionals • Medical professionals such as doctors and dentists • Successful business owners, Software Companies & IT Professionals • Manufacturers & Distributors • Independent professionals, such as lawyers and investors • High-powered executives Sikora CPA and our team of tax and accounting professionals provide you with innovative solutions to your personal financial and business needs. Tax planning and compliance, cash flow management, budgeting, software selection, and management advisory services are but a few of the areas with which we can assist you in reaching your maximum potential.Sikora CPA also provides retirement and investment planning solutions, which include risk analysis, estate planning in coordination with your retirement needs, and portfolio accounting services. As an established full-service accounting firm, we provide the following: • Management Advisory Services • Estate and Retirement Planning • Preparation of Compiled or Reviewed Financial Statements • Bookkeeping Consulting • Portfolio Accounting • Litigation Support • Trustee Services ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Individual Tax Returns URL: https://sikora-cpa.com/services/individual-tax-returns/ ### Individual tax returns  IN THE COLORADO SPRINGS AREA ### THE  HIGHEST RATED CPA  IN THE COLORADO SPRINGS AREA Sikora CPA has been serving Colorado Springs for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Every family and individual wants to stay on the right sight of tax compliance. But compliance doesn’t mean you have to pay as much tax as possible. At all levels, taxing authorities have provided incentives and opportunities for tax minimization. At Sikora CPA, we believe in both compliance and minimization. We provide a variety of tax-related consulting services to families, trusts, and individuals. We research and analyze your tax situation to provide projections and specific tax planning advice, including family tax planning and wealth management. We work to understand your business and personal factors which affect tax planning. We are experienced in representing taxpayers before federal, state and local tax authorities. In addition, we may advise on legal structure for your business entity to align it with your personal and professional goals.After years of serving clients in Colorado Springs, our practice has obtained the expertise to navigate your specific regulatory environment and achieve desired outcomes on your return with solid professional integrity. Your individual return typically includes processing such forms as your W2 and 1099. Our individual tax services provide fast and accurate results. For individual returns, we specialize in individuals and sole proprietorships, which are recorded in a separate schedule outside of your form 1040. We can also discuss methods to structure your side-business or self-employment that is most beneficial to you. This includes helping you determine what you should be paying for quarterly estimated taxes on your sole proprietorship.We have been approached frequently with requests to reconcile past records and file past-due tax returns. Even if you have lost your W2s, 1099s, or other business and personal records due to the passage of time, our team will assist in sorting out your records. There are several methods of obtaining past information from the IRS, such as forms requesting information from prior W2s and 1099s submitted by your employers and account transcripts detailing balances to the IRS. The process is simpler than one would expect, and our team will guide you through obtaining the necessary materials to straighten out and file your prior-year taxes without missing details that may lower your tax obligation. Past-due returns incur (at least) two types of penalties: failure to file and failure to pay. It is important to act as early as possible to begin settling any dues to the IRS. We can help estimate potential failure to file and failure to pay penalties that are incurred by clients who have failed to file past years’ returns and can help in getting those returns filed properly. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## LLC + Corporation Setup URL: https://sikora-cpa.com/services/llc-corporation-setup/ ### LLC + Corporation Setup  IN THE COLORADO SPRINGS AREA ### THE  HIGHEST RATED CPA  IN THE COLORADO SPRINGS AREA Sikora CPA has been serving Colorado Springs for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Why would someone form an entity? Do you have personal assets that you need to protect? Are you starting a business with any partners? Are you taking on any investors? Would you like to take advantage of any tax benefits? Is your business risky? If so, there are many different types of business formations that may be right for you. Even if you don’t form an entity, under the law you will be seen as either a General Partnership or a Sole Proprietor. To determine the right choice for your business, we recommend setting up a consultation with Sikora CPA.Our team has been helping prospective business owners save time and money on forming their businesses and realizing their dream of owning their own business. Starting your own business is an empowering, life changing event and the experts at Sikora CPA find solutions that work for you, not against you. We have extensive experience helping for the following types of business entities: • Limited Liability Company (LLC) • C Corporation • S Corporation • Professional Corporation • General Partnership • Limited Partnership • Sole Proprietorship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Payroll Services URL: https://sikora-cpa.com/services/payroll/ ### Payroll Services IN THE COLORADO SPRINGS AREA ### THE  HIGHEST RATED CPA  IN THE COLORADO SPRINGS AREA Sikora CPA has been serving Colorado Springs for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE From time-consuming compliance challenges impacting companies of all sizes to HR and payroll needs keeping you up at night, isn't it time you looked for a partner that can help you address it all? With ADP, you get access to scalable payroll and HR tools to help you be more strategic, so you can broaden and deepen the impact of your HR team within your company. As your accountant, we aim to do more than be a number cruncher. And ADP is more than your average payroll and HR partner. Together, we'll help you find opportunities to take your HR function to a higher, more strategic level.Together we can find new ways to help you and your company succeed. • Automated federal, state and local payroll tax management for greater accuracy no matter where you do business • Leverage a dedicated HR portal that places critical information in your hands, an easy-to-use wizard for creating and updating your employee handbook, job description, access to background checks, and alerts on legislative changes • Confidently hire the most qualified candidates for any industry with ZipRecruiter • Versatile time tracking and scheduling solutions to help enhance payroll accuracy and improve compliance • Get better visibility into your cash with reporting and payroll liability previews • Access seamless general ledger integration with popular accounting software • Improve your cash flow predictability and eliminate the risk of large upfront premium deposits when you use ADP's Pay-by-Pay Premium Program for Workers' Compensation Insurance • Access live HR support, best practices, and cutting-edge technology to efficiently manage your day-to-day responsibilities • Offer big company benefits such as employee discounts and wellness programs • Offer attractive optional benefits such as retirement plans and, through ADPIA, group health insurance • Fully outsource your payroll, HR and benefits administration with a Professional Employer Organization (PEO) relationship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## FAQ URL: https://sikora-cpa.com/faq/ ### You have questions . We have answers . ### THE  HIGHEST RATED CPA  IN THE COLORADO SPRINGS AREA Sikora CPA has been serving Colorado Springs for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes.Each business or individual’s needs are different, but here are some starting points. Please contact us for personalized plans. • 1040 with Itemized Deductions. Starting at $120. • Business Return with Schedule C. Starting at $250. • C-Corporation, S-Corporation and Partnership. Starting at $400. ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Services URL: https://sikora-cpa.com/services/ ### Providing the best financial services in Colorado Springs ### THE  HIGHEST RATED CPA  IN THE COLORADO SPRINGS AREA Sikora CPA has been serving Colorado Springs for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes.Our firm has over a decade of experience in bookkeeping for businesses ranging in size from a single owner to thousands of staff members. Some of the services we currently provide are payroll, accounts payable, accounts receivable, and reconciliation to bank records.Taxpayers are continuously challenged by the rules, regulations, filing requirements and disclosures required by local, state, federal and even international taxing authorities. Sikora CPA’s team of CPAs and accountants combines expertise and experience to ensure that you understand and comply with all relevant tax requirements.Tax accounting is not just numbers on a page; it effects your life in important ways. As your wealth grows, so do your financial intricacies. As the top CPA firm in Colorado Springs, Sikora CPA finds solutions that let your wealth work for you, not against you.Every family and individual wants to stay on the right sight of tax compliance. But compliance doesn’t mean you have to pay as much tax as possible. At all levels, taxing authorities have provided incentives and opportunities for tax minimization. At Sikora CPA, we believe in both compliance and minimization.There are many different types of business formations that may be right for you. Even if you don’t form an entity, under the law you will be seen as either a General Partnership or a Sole Proprietor. To determine the right choice for your business, we recommend setting up a consultation with Sikora CPA.Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Colorado Springs, Sikora CPA finds solutions that let your wealth work for you, not against you.As your accountant, we aim to do more than be a number cruncher. And ADP is more than your average payroll and HR partner. Together, we’ll help you find opportunities to take your HR function to a higher, more strategic level. ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Bookkeeping - Arvada URL: https://sikora-cpa.com/services/bookkeeping-arvada/ ### Bookkeeping Services in the Arvada Area ### THE  HIGHEST RATED CPA IN THE ARVADA AREA Sikora CPA has been serving Arvada for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Our firm has over a decade of experience in bookkeeping for businesses ranging in size from a single owner to thousands of staff members. Some of the services we currently provide are payroll, accounts payable, accounts receivable, and reconciliation to bank records. Our bookkeeping services in the Arvada area include built-in tax guidance and support.Most bookkeepers are not taxation experts, but our expertise in tax is reflected in the care that we take in making sure each line item on your ledger is classified properly for the best possible tax outcome. Distance is not a problem as many of our largest bookkeeping clients are located outside of Colorado Springs area. If you need fast and accurate bookkeeping services in the Colorado Springs area, contact us and we will walk you through the process of implementing Arvada-quality support for your business. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Arvada area for over 25 years. Contact us today and see how we can help! --- ## Business Tax Returns - Arvada URL: https://sikora-cpa.com/services/business-tax-returns-arvada/ ### Business Tax Returns IN THE Arvada AREA ### THE  HIGHEST RATED CPA  IN THE Arvada AREA Sikora CPA has been serving Arvada for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Taxpayers are continuously challenged by the rules, regulations, filing requirements and disclosures required by local, state, federal and even international taxing authorities. Sikora CPA’s team of CPAs and accountants combines expertise and experience to ensure that you understand and comply with all relevant tax requirements. We have a deep understanding of individual and business taxation, flow-through entities, international tax, estate tax and state and local tax. We understand that every financial decision a business makes has an effect on not only their business tax liability, but often their personal tax situation as well. Our team will help you understand the tax implications of decisions before you make them; ensuring that you remain compliant, while finding opportunities for tax minimization. Staying ahead of the complex and frequently changing tax code can be a challenge. We help our clients stay ahead of the ever-changing laws, and we diligently apply the intricacies of tax principles to your circumstances for the best possible results. Sikora CPA is experienced in preparing and reviewing tax returns for individuals, estates, and trusts. From the most complex to the straightforward return, our team will apply our knowledge and experience to ensure you comply with local, state and federal tax requirements.While tax compliance is essential for every organization, tax planning is just as critical to your ongoing success. Our team can help you plan for tax minimization by working to proactively identify opportunities for savings at the local, state, federal and international levels. We evaluate available credits, abatements, deductions, deferments, depreciation opportunities and many other tax planning tools on a continuous basis. Effective tax minimization requires more than just understanding the law; it also requires understanding and maintaining a working knowledge of your business and personal situation. By focusing on continuing professional education and stressing open and frequent communication with our clients, we are able to identify opportunities when they arise and ensure that our clients are taking advantage of each opportunity for tax minimization. Our tax consulting services include: • Compensation Planning for Pass-Through Entities • Business Succession Planning • State and Federal Dispute Representation • Multi-State Tax Planning • International Tax Planning • Mergers & Acquisitions Tax Structuring and Planning • Retirement Planning • Multi-level Tax Minimization Planning • Tax Projects & Year End Planning • Family Tax Planning • Estate & Gift Planning • Wealth Transfer There are three main types of business entities that require federal tax filings. Partnerships, C-Corps, and S-Corps. Without the proper knowledge, all three can be difficult to understand. Our corporate tax accounting services can help. Below is a discussion of each, as well as a brief comment on LLCs:If you have more than one member in your business but have not otherwise incorporated as an S-Corp or C-Corp, you should likely be filing partnership return. It is reported on Federal Form 1065 and (if applicable) certain state schedules. We support all 50 states. This default classification arises if you apply for an EIN number for a business entity that has more than one owner. This default classification also arises if you have registered an LLC with your state and that LLC has more than one owner, equity partner, or member.An S-Corp is a small business corporation structure allowed by the IRS. It is reported on Federal Form 1120-S and (if applicable) certain state schedules. We support all 50 states. This is not a default classification – rather, you must apply for it and be approved by the IRS. The appeal of this classification is that it allows for decreased self-employment taxes on your individual return. These tax savings may be substantial, depending on the annual net income of your business. Please contact us for more details or to file your annual return.A C-Corp is a taxable entity that pays taxes in its own right. It is reported on Federal Form 1120 and (if applicable) certain state schedules. We support all 50 states. This structure is the default classification you must file with the IRS after you file as a corporation with your state or after registering your EIN as a corporation with the IRS. The C-Corp structure allows many shareholders and is the common classification for many Delaware startups and larger businesses.An LLC often has state filing requirements. However, for federal purposes, you would be filing your LLC taxes on one of two forms: from 1040 Schedule C or Form 1065. If you are the only owner, partner, or member of your LLC, then you would report on Federal Form 1040 Schedule C. If you have more than one owner, partner, or member of the business, then you would report on Form 1065, unless you have specifically incorporated as an S-Corp or other type of entity. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Arvada area for over 25 years. Contact us today and see how we can help! --- ## CPA - Arvada URL: https://sikora-cpa.com/services/cpa-arvada/ ### CPA Services IN THE Arvada AREA ### THE  HIGHEST RATED CPA  IN THE Arvada AREA Sikora CPA has been serving Arvada for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Sikora CPA is the highest-rated CPA firm in Arvada, CO. Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Arvada, Sikora CPA finds solutions that let your wealth work for you, not against you. We offer exceptional tax accounting services for all your financial needs — from tax accounting services, cash flow management, succession planning to tax audits and much more. Save money with the best accountants in Arvada.No financial problem is too large or complex for the accountants at Sikora CPA in Arvada. Work with CPAs in Arvada who offer exceptional value and tax accounting services for: • Financial Industry Professionals • Medical professionals such as doctors and dentists • Successful business owners, Software Companies & IT Professionals • Manufacturers & Distributors • Independent professionals, such as lawyers and investors • High-powered executives Sikora CPA and our team of tax and accounting professionals provide you with innovative solutions to your personal financial and business needs. Tax planning and compliance, cash flow management, budgeting, software selection, and management advisory services are but a few of the areas with which we can assist you in reaching your maximum potential.Sikora CPA also provides retirement and investment planning solutions, which include risk analysis, estate planning in coordination with your retirement needs, and portfolio accounting services. As an established full-service accounting firm, we provide the following: • Management Advisory Services • Estate and Retirement Planning • Preparation of Compiled or Reviewed Financial Statements • Bookkeeping Consulting • Portfolio Accounting • Litigation Support • Trustee Services ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Arvada area for over 25 years. Contact us today and see how we can help! --- ## Individual Tax Returns - Arvada URL: https://sikora-cpa.com/services/individual-tax-returns-arvada/ ### Individual tax returns  IN THE Arvada AREA ### THE  HIGHEST RATED CPA  IN THE Arvada AREA Sikora CPA has been serving Arvada for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Every family and individual wants to stay on the right sight of tax compliance. But compliance doesn’t mean you have to pay as much tax as possible. At all levels, taxing authorities have provided incentives and opportunities for tax minimization. At Sikora CPA, we believe in both compliance and minimization. We provide a variety of tax-related consulting services to families, trusts, and individuals. We research and analyze your tax situation to provide projections and specific tax planning advice, including family tax planning and wealth management. We work to understand your business and personal factors which affect tax planning. We are experienced in representing taxpayers before federal, state and local tax authorities. In addition, we may advise on legal structure for your business entity to align it with your personal and professional goals.After years of serving clients in Arvada, our practice has obtained the expertise to navigate your specific regulatory environment and achieve desired outcomes on your return with solid professional integrity. Your individual return typically includes processing such forms as your W2 and 1099. Our individual tax services provide fast and accurate results. For individual returns, we specialize in individuals and sole proprietorships, which are recorded in a separate schedule outside of your form 1040. We can also discuss methods to structure your side-business or self-employment that is most beneficial to you. This includes helping you determine what you should be paying for quarterly estimated taxes on your sole proprietorship.We have been approached frequently with requests to reconcile past records and file past-due tax returns. Even if you have lost your W2s, 1099s, or other business and personal records due to the passage of time, our team will assist in sorting out your records. There are several methods of obtaining past information from the IRS, such as forms requesting information from prior W2s and 1099s submitted by your employers and account transcripts detailing balances to the IRS. The process is simpler than one would expect, and our team will guide you through obtaining the necessary materials to straighten out and file your prior-year taxes without missing details that may lower your tax obligation. Past-due returns incur (at least) two types of penalties: failure to file and failure to pay. It is important to act as early as possible to begin settling any dues to the IRS. We can help estimate potential failure to file and failure to pay penalties that are incurred by clients who have failed to file past years’ returns and can help in getting those returns filed properly. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Arvada area for over 25 years. Contact us today and see how we can help! --- ## LLC + Corporation Setup - Arvada URL: https://sikora-cpa.com/services/llc-corporation-setup-arvada/ ### LLC + Corporation Setup  IN THE Arvada AREA ### THE  HIGHEST RATED CPA IN THE Arvada AREA Sikora CPA has been serving Arvada for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Why would someone form an entity? Do you have personal assets that you need to protect? Are you starting a business with any partners? Are you taking on any investors? Would you like to take advantage of any tax benefits? Is your business risky? If so, there are many different types of business formations that may be right for you. Even if you don’t form an entity, under the law you will be seen as either a General Partnership or a Sole Proprietor. To determine the right choice for your business, we recommend setting up a consultation with Sikora CPA.Our team has been helping prospective business owners save time and money on forming their businesses and realizing their dream of owning their own business. Starting your own business is an empowering, life changing event and the experts at Sikora CPA find solutions that work for you, not against you. We have extensive experience helping for the following types of business entities: • Limited Liability Company (LLC) • C Corporation • S Corporation • Professional Corporation • General Partnership • Limited Partnership • Sole Proprietorship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Arvada area for over 25 years. Contact us today and see how we can help! --- ## Military Personnel Tax Returns - Arvada URL: https://sikora-cpa.com/services/military-personnel-tax-returns-arvada/ ### Military Personnel Tax Returns in the Arvada area ### The Highest Rated CPA in the Arvada Area Sikora CPA has been serving Arvada for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### Let Sikora get you the help that you deserve Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Arvada, Sikora CPA finds solutions that let your wealth work for you, not against you. Our extensive experience working with military personnel in Colorado Springs means that we know what to look for and how to protect your finances. There are a handful of important things that you need to know. We've broken them down below:If you receive combat pay, do not include it as taxable income on your tax return. Likewise, you should not pay income tax on allowances received for living and family expenses, uniforms, death expenditures, moving and travel costs, group-term life insurance and professional education. However, you do need to pay income tax on basic compensation, such as payment for training and active duty service, bonus and incentive money and student loan repayment from specific programs.If you travel more than 100 miles and stay overnight as a National Guard member or Armed Forces reservist, you can take a tax deduction – even if you do not itemize. The IRS allows you to deduct the amount you spend for work-related travel and lodging plus 50 percent of the cost of your meals. But, be sure to not deduct more for food and lodging expenses than the federal per diem rate for lodging and meals allows. The rates vary by state.The cost of any uniforms you purchase that are not suitable to wear off duty can be deducted with your miscellaneous itemized deductions. All uniform cleaning and maintenance is also tax deductible. However, unless the amount deducted is significant or you have included additional itemized deductions, you may not receive a tax benefit for this expense. You can only deduct the amount of expense that, if included with other miscellaneous itemized deductions, exceeds 2 percent of your adjusted gross income.Even though the military pays for basic moving costs, it’s not unusual to incur a few moving expenses that aren’t covered. In that instance, you can deduct any non-reimbursed moving expenses on your tax return without having to meet the distance or time requirements that are standard limitations for moving expense deductions. Any extra moving expenses are deducted as adjustments to income. You don’t need to itemize to take advantage of this tax break.Changing state residencies if you move frequently can be a huge pain. Not only is it a hassle to file tax returns for multiple states, but you may pay more state tax in one state versus another. Fortunately, if you move for military reasons, you can keep residency in your home state. This guideline applies to your spouse as well. If at any time you live in a state that collects income tax, but hold state residency in a state that does not, generally the new state can’t enforce the income tax. Additionally, if income tax is withheld from your paycheck, you have the ability to file a nonresident return with that state to receive a refund.Extra time to file your tax return may be allowed if you are stationed abroad or are in a combat zone during the tax filing season. When serving overseas, you automatically have longer to file your tax return without needing to file an extension. But, this extension is only until June 15. If you need more time, you should file for an extension which gives you until October 15 to submit your return. If you serve in a combat zone, the IRS grants you even more time to file your taxes. You have 180 days from either the date you return from the combat zone or from your last date of continuous hospitalization for injuries received while serving in a combat zone to file your return. The 180 days are in addition to the number of days you had left to file when you entered the combat zone. During this extension, no interest or penalties are charged to you. Keep in mind while extensions give you more time to file, any tax you owe must be paid by the regular due date of the return.If the survivors of a service member who died during active duty receive a $100,000 death gratuity, that amount is tax-free. In addition, if a service member dies while on duty in a combat zone or in support of a combat operation, the service member’s tax liabilities to the IRS are forgiven. This includes tax for the year of death and, potentially, any prior years.If you meet certain requirements, you may qualify for the foreign earned income and foreign housing exclusions and the foreign housing deduction. The tax professionals at Sikora CPA are trained and experienced at identifying these exclusions and deductions. If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude income up to an amount of your foreign earnings that is adjusted annually for inflation. In addition, you can exclude or deduct certain foreign housing amounts. You may also be entitled to exclude from income the value of meals and lodging provided to you by your employer.Foreign earned income does not include the following amounts: • Pay received as a military or civilian employee of the U.S. Government or any of its agencies • Pay for services conducted in international waters (not a foreign country) • Pay in specific combat zones, as designated by an Executive Order from the • President, that is excludable from income • Payments received after the end of the tax year following the year in which the services that earned the income were performed • The value of meals and lodging that are excluded from income because it was furnished for the convenience of the employer • Pension or annuity payments, including social security benefits A qualifying individual may claim the foreign earned income exclusion on foreign earned self-employment income. The excluded amount will reduce the individual’s regular income tax, but will not reduce the individual’s self-employment tax. Also, the foreign housing deduction – instead of a foreign housing exclusion – may be claimed.A qualifying individual claiming the foreign earned income exclusion, the housing exclusion, or both, must figure the tax on the remaining non-excluded income using the tax rates that would have applied had the individual not claimed the exclusions. To claim the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction, you must have foreign earned income, your tax home must be in a foreign country, and you must be one of the following: • A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, • A U.S. resident alien who is a citizen or national of a country with which the • United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or • A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months. Once you choose to exclude either foreign earned income or foreign housing costs, you cannot take a foreign tax credit for taxes on income you exclude. If you do take the foreign tax credit, one or both of the choices may be considered revoked. However, you can choose to take the foreign tax credit on any amount of foreign income which has not been excluded under the foreign earned income exclusion or the foreign housing exclusion. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Arvada area for over 25 years. Contact us today and see how we can help! --- ## Payroll Services - Arvada URL: https://sikora-cpa.com/services/payroll-arvada/ ### Payroll Services IN THE Arvada AREA ### THE  HIGHEST RATED CPA IN THE Arvada AREA Sikora CPA has been serving Arvada for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE From time-consuming compliance challenges impacting companies of all sizes to HR and payroll needs keeping you up at night, isn't it time you looked for a partner that can help you address it all? With ADP, you get access to scalable payroll and HR tools to help you be more strategic, so you can broaden and deepen the impact of your HR team within your company. As your accountant, we aim to do more than be a number cruncher. And ADP is more than your average payroll and HR partner. Together, we'll help you find opportunities to take your HR function to a higher, more strategic level.Together we can find new ways to help you and your company succeed. • Automated federal, state and local payroll tax management for greater accuracy no matter where you do business • Leverage a dedicated HR portal that places critical information in your hands, an easy-to-use wizard for creating and updating your employee handbook, job description, access to background checks, and alerts on legislative changes • Confidently hire the most qualified candidates for any industry with ZipRecruiter • Versatile time tracking and scheduling solutions to help enhance payroll accuracy and improve compliance • Get better visibility into your cash with reporting and payroll liability previews • Access seamless general ledger integration with popular accounting software • Improve your cash flow predictability and eliminate the risk of large upfront premium deposits when you use ADP's Pay-by-Pay Premium Program for Workers' Compensation Insurance • Access live HR support, best practices, and cutting-edge technology to efficiently manage your day-to-day responsibilities • Offer big company benefits such as employee discounts and wellness programs • Offer attractive optional benefits such as retirement plans and, through ADPIA, group health insurance • Fully outsource your payroll, HR and benefits administration with a Professional Employer Organization (PEO) relationship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Arvada area for over 25 years. Contact us today and see how we can help! --- ## Bookkeeping - Commerce City URL: https://sikora-cpa.com/services/bookkeeping-commerce-city/ ### Bookkeeping Services in the Commerce City Area ### THE  HIGHEST RATED CPA IN THE Commerce City AREA Sikora CPA has been serving Commerce City for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Our firm has over a decade of experience in bookkeeping for businesses ranging in size from a single owner to thousands of staff members. Some of the services we currently provide are payroll, accounts payable, accounts receivable, and reconciliation to bank records. Our bookkeeping services in the Commerce City area include built-in tax guidance and support.Most bookkeepers are not taxation experts, but our expertise in tax is reflected in the care that we take in making sure each line item on your ledger is classified properly for the best possible tax outcome. Distance is not a problem as many of our largest bookkeeping clients are located outside of Commerce City area. If you need fast and accurate bookkeeping services in the Commerce City area, contact us and we will walk you through the process of implementing Commerce City-quality support for your business. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Commerce City area for over 25 years. Contact us today and see how we can help! --- ## Business Tax Returns - Commerce City URL: https://sikora-cpa.com/services/business-tax-returns-commerce-city/ ### Business Tax Returns  IN THE Commerce City AREA ### THE  HIGHEST RATED CPA IN THE Commerce City AREA Sikora CPA has been serving Commerce City for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Taxpayers are continuously challenged by the rules, regulations, filing requirements and disclosures required by local, state, federal and even international taxing authorities. Sikora CPA’s team of CPAs and accountants combines expertise and experience to ensure that you understand and comply with all relevant tax requirements. We have a deep understanding of individual and business taxation, flow-through entities, international tax, estate tax and state and local tax. We understand that every financial decision a business makes has an effect on not only their business tax liability, but often their personal tax situation as well. Our team will help you understand the tax implications of decisions before you make them; ensuring that you remain compliant, while finding opportunities for tax minimization. Staying ahead of the complex and frequently changing tax code can be a challenge. We help our clients stay ahead of the ever-changing laws, and we diligently apply the intricacies of tax principles to your circumstances for the best possible results. Sikora CPA is experienced in preparing and reviewing tax returns for individuals, estates, and trusts. From the most complex to the straightforward return, our team will apply our knowledge and experience to ensure you comply with local, state and federal tax requirements.While tax compliance is essential for every organization, tax planning is just as critical to your ongoing success. Our team can help you plan for tax minimization by working to proactively identify opportunities for savings at the local, state, federal and international levels. We evaluate available credits, abatements, deductions, deferments, depreciation opportunities and many other tax planning tools on a continuous basis. Effective tax minimization requires more than just understanding the law; it also requires understanding and maintaining a working knowledge of your business and personal situation. By focusing on continuing professional education and stressing open and frequent communication with our clients, we are able to identify opportunities when they arise and ensure that our clients are taking advantage of each opportunity for tax minimization. Our tax consulting services include: • Compensation Planning for Pass-Through Entities • Business Succession Planning • State and Federal Dispute Representation • Multi-State Tax Planning • International Tax Planning • Mergers & Acquisitions Tax Structuring and Planning • Retirement Planning • Multi-level Tax Minimization Planning • Tax Projects & Year End Planning • Family Tax Planning • Estate & Gift Planning • Wealth Transfer There are three main types of business entities that require federal tax filings. Partnerships, C-Corps, and S-Corps. Without the proper knowledge, all three can be difficult to understand. Our corporate tax accounting services can help. Below is a discussion of each, as well as a brief comment on LLCs:If you have more than one member in your business but have not otherwise incorporated as an S-Corp or C-Corp, you should likely be filing partnership return. It is reported on Federal Form 1065 and (if applicable) certain state schedules. We support all 50 states. This default classification arises if you apply for an EIN number for a business entity that has more than one owner. This default classification also arises if you have registered an LLC with your state and that LLC has more than one owner, equity partner, or member.An S-Corp is a small business corporation structure allowed by the IRS. It is reported on Federal Form 1120-S and (if applicable) certain state schedules. We support all 50 states. This is not a default classification – rather, you must apply for it and be approved by the IRS. The appeal of this classification is that it allows for decreased self-employment taxes on your individual return. These tax savings may be substantial, depending on the annual net income of your business. Please contact us for more details or to file your annual return.A C-Corp is a taxable entity that pays taxes in its own right. It is reported on Federal Form 1120 and (if applicable) certain state schedules. We support all 50 states. This structure is the default classification you must file with the IRS after you file as a corporation with your state or after registering your EIN as a corporation with the IRS. The C-Corp structure allows many shareholders and is the common classification for many Delaware startups and larger businesses.An LLC often has state filing requirements. However, for federal purposes, you would be filing your LLC taxes on one of two forms: from 1040 Schedule C or Form 1065. If you are the only owner, partner, or member of your LLC, then you would report on Federal Form 1040 Schedule C. If you have more than one owner, partner, or member of the business, then you would report on Form 1065, unless you have specifically incorporated as an S-Corp or other type of entity. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Commerce City area for over 25 years. Contact us today and see how we can help! --- ## CPA - Commerce City URL: https://sikora-cpa.com/services/cpa-commerce-city/ ### CPA Services IN THE Commerce City AREA ### THE  HIGHEST RATED CPA IN THE Commerce City AREA Sikora CPA has been serving Commerce City for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Sikora CPA is the highest-rated CPA firm in Commerce City, CO. Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Colorado Springs, Sikora CPA finds solutions that let your wealth work for you, not against you. We offer exceptional tax accounting services for all your financial needs — from tax accounting services, cash flow management, succession planning to tax audits and much more. Save money with the best accountants in Commerce City.No financial problem is too large or complex for the accountants at Sikora CPA in Commerce City. Work with CPAs in Commerce City who offer exceptional value and tax accounting services for: • Financial Industry Professionals • Medical professionals such as doctors and dentists • Successful business owners, Software Companies & IT Professionals • Manufacturers & Distributors • Independent professionals, such as lawyers and investors • High-powered executives Sikora CPA and our team of tax and accounting professionals provide you with innovative solutions to your personal financial and business needs. Tax planning and compliance, cash flow management, budgeting, software selection, and management advisory services are but a few of the areas with which we can assist you in reaching your maximum potential.Sikora CPA also provides retirement and investment planning solutions, which include risk analysis, estate planning in coordination with your retirement needs, and portfolio accounting services. As an established full-service accounting firm, we provide the following: • Management Advisory Services • Estate and Retirement Planning • Preparation of Compiled or Reviewed Financial Statements • Bookkeeping Consulting • Portfolio Accounting • Litigation Support • Trustee Services ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Commerce City area for over 25 years. Contact us today and see how we can help! --- ## Individual Tax Returns - Commerce City URL: https://sikora-cpa.com/services/individual-tax-returns-commerce-city/ ### Individual tax returns  IN THE Commerce City AREA ### THE  HIGHEST RATED CPA IN THE Commerce City AREA Sikora CPA has been serving Commerce City for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Every family and individual wants to stay on the right sight of tax compliance. But compliance doesn’t mean you have to pay as much tax as possible. At all levels, taxing authorities have provided incentives and opportunities for tax minimization. At Sikora CPA, we believe in both compliance and minimization. We provide a variety of tax-related consulting services to families, trusts, and individuals. We research and analyze your tax situation to provide projections and specific tax planning advice, including family tax planning and wealth management. We work to understand your business and personal factors which affect tax planning. We are experienced in representing taxpayers before federal, state and local tax authorities. In addition, we may advise on legal structure for your business entity to align it with your personal and professional goals.After years of serving clients in Commerce City, our practice has obtained the expertise to navigate your specific regulatory environment and achieve desired outcomes on your return with solid professional integrity. Your individual return typically includes processing such forms as your W2 and 1099. Our individual tax services provide fast and accurate results. For individual returns, we specialize in individuals and sole proprietorships, which are recorded in a separate schedule outside of your form 1040. We can also discuss methods to structure your side-business or self-employment that is most beneficial to you. This includes helping you determine what you should be paying for quarterly estimated taxes on your sole proprietorship.We have been approached frequently with requests to reconcile past records and file past-due tax returns. Even if you have lost your W2s, 1099s, or other business and personal records due to the passage of time, our team will assist in sorting out your records. There are several methods of obtaining past information from the IRS, such as forms requesting information from prior W2s and 1099s submitted by your employers and account transcripts detailing balances to the IRS. The process is simpler than one would expect, and our team will guide you through obtaining the necessary materials to straighten out and file your prior-year taxes without missing details that may lower your tax obligation. Past-due returns incur (at least) two types of penalties: failure to file and failure to pay. It is important to act as early as possible to begin settling any dues to the IRS. We can help estimate potential failure to file and failure to pay penalties that are incurred by clients who have failed to file past years’ returns and can help in getting those returns filed properly. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Commerce City area for over 25 years. Contact us today and see how we can help! --- ## LLC + Corporation Setup - Commerce City URL: https://sikora-cpa.com/services/llc-corporation-setup-commerce-city/ ### LLC + Corporation Setup  IN THE Commerce City AREA ### THE  HIGHEST RATED CPA  IN THE Commerce City AREA Sikora CPA has been serving Commerce City for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Why would someone form an entity? Do you have personal assets that you need to protect? Are you starting a business with any partners? Are you taking on any investors? Would you like to take advantage of any tax benefits? Is your business risky? If so, there are many different types of business formations that may be right for you. Even if you don’t form an entity, under the law you will be seen as either a General Partnership or a Sole Proprietor. To determine the right choice for your business, we recommend setting up a consultation with Sikora CPA.Our team has been helping prospective business owners save time and money on forming their businesses and realizing their dream of owning their own business. Starting your own business is an empowering, life changing event and the experts at Sikora CPA find solutions that work for you, not against you. We have extensive experience helping for the following types of business entities: • Limited Liability Company (LLC) • C Corporation • S Corporation • Professional Corporation • General Partnership • Limited Partnership • Sole Proprietorship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Commerce City area for over 25 years. Contact us today and see how we can help! --- ## Military Personnel Tax Returns - Commerce City URL: https://sikora-cpa.com/services/military-personnel-tax-returns-commerce-city/ ### Military Personnel Tax Returns in the Commerce City area ### The Highest Rated CPA in the Commerce City Area Sikora CPA has been serving Commerce City for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### Let Sikora get you the help that you deserve Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Colorado Springs, Sikora CPA finds solutions that let your wealth work for you, not against you. Our extensive experience working with military personnel in Commerce City means that we know what to look for and how to protect your finances. There are a handful of important things that you need to know. We've broken them down below:If you receive combat pay, do not include it as taxable income on your tax return. Likewise, you should not pay income tax on allowances received for living and family expenses, uniforms, death expenditures, moving and travel costs, group-term life insurance and professional education. However, you do need to pay income tax on basic compensation, such as payment for training and active duty service, bonus and incentive money and student loan repayment from specific programs.If you travel more than 100 miles and stay overnight as a National Guard member or Armed Forces reservist, you can take a tax deduction – even if you do not itemize. The IRS allows you to deduct the amount you spend for work-related travel and lodging plus 50 percent of the cost of your meals. But, be sure to not deduct more for food and lodging expenses than the federal per diem rate for lodging and meals allows. The rates vary by state.The cost of any uniforms you purchase that are not suitable to wear off duty can be deducted with your miscellaneous itemized deductions. All uniform cleaning and maintenance is also tax deductible. However, unless the amount deducted is significant or you have included additional itemized deductions, you may not receive a tax benefit for this expense. You can only deduct the amount of expense that, if included with other miscellaneous itemized deductions, exceeds 2 percent of your adjusted gross income.Even though the military pays for basic moving costs, it’s not unusual to incur a few moving expenses that aren’t covered. In that instance, you can deduct any non-reimbursed moving expenses on your tax return without having to meet the distance or time requirements that are standard limitations for moving expense deductions. Any extra moving expenses are deducted as adjustments to income. You don’t need to itemize to take advantage of this tax break.Changing state residencies if you move frequently can be a huge pain. Not only is it a hassle to file tax returns for multiple states, but you may pay more state tax in one state versus another. Fortunately, if you move for military reasons, you can keep residency in your home state. This guideline applies to your spouse as well. If at any time you live in a state that collects income tax, but hold state residency in a state that does not, generally the new state can’t enforce the income tax. Additionally, if income tax is withheld from your paycheck, you have the ability to file a nonresident return with that state to receive a refund.Extra time to file your tax return may be allowed if you are stationed abroad or are in a combat zone during the tax filing season. When serving overseas, you automatically have longer to file your tax return without needing to file an extension. But, this extension is only until June 15. If you need more time, you should file for an extension which gives you until October 15 to submit your return. If you serve in a combat zone, the IRS grants you even more time to file your taxes. You have 180 days from either the date you return from the combat zone or from your last date of continuous hospitalization for injuries received while serving in a combat zone to file your return. The 180 days are in addition to the number of days you had left to file when you entered the combat zone. During this extension, no interest or penalties are charged to you. Keep in mind while extensions give you more time to file, any tax you owe must be paid by the regular due date of the return.If the survivors of a service member who died during active duty receive a $100,000 death gratuity, that amount is tax-free. In addition, if a service member dies while on duty in a combat zone or in support of a combat operation, the service member’s tax liabilities to the IRS are forgiven. This includes tax for the year of death and, potentially, any prior years.If you meet certain requirements, you may qualify for the foreign earned income and foreign housing exclusions and the foreign housing deduction. The tax professionals at Sikora CPA are trained and experienced at identifying these exclusions and deductions. If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude income up to an amount of your foreign earnings that is adjusted annually for inflation. In addition, you can exclude or deduct certain foreign housing amounts. You may also be entitled to exclude from income the value of meals and lodging provided to you by your employer.Foreign earned income does not include the following amounts: • Pay received as a military or civilian employee of the U.S. Government or any of its agencies • Pay for services conducted in international waters (not a foreign country) • Pay in specific combat zones, as designated by an Executive Order from the • President, that is excludable from income • Payments received after the end of the tax year following the year in which the services that earned the income were performed • The value of meals and lodging that are excluded from income because it was furnished for the convenience of the employer • Pension or annuity payments, including social security benefits A qualifying individual may claim the foreign earned income exclusion on foreign earned self-employment income. The excluded amount will reduce the individual’s regular income tax, but will not reduce the individual’s self-employment tax. Also, the foreign housing deduction – instead of a foreign housing exclusion – may be claimed.A qualifying individual claiming the foreign earned income exclusion, the housing exclusion, or both, must figure the tax on the remaining non-excluded income using the tax rates that would have applied had the individual not claimed the exclusions. To claim the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction, you must have foreign earned income, your tax home must be in a foreign country, and you must be one of the following: • A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, • A U.S. resident alien who is a citizen or national of a country with which the • United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or • A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months. Once you choose to exclude either foreign earned income or foreign housing costs, you cannot take a foreign tax credit for taxes on income you exclude. If you do take the foreign tax credit, one or both of the choices may be considered revoked. However, you can choose to take the foreign tax credit on any amount of foreign income which has not been excluded under the foreign earned income exclusion or the foreign housing exclusion. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Commerce City area for over 25 years. Contact us today and see how we can help! --- ## Payroll Services - Commerce City URL: https://sikora-cpa.com/services/payroll-commerce-city/ ### Payroll Services IN THE Commerce City AREA ### THE  HIGHEST RATED CPA IN THE Commerce City AREA Sikora CPA has been serving Commerce City for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE From time-consuming compliance challenges impacting companies of all sizes to HR and payroll needs keeping you up at night, isn't it time you looked for a partner that can help you address it all? With ADP, you get access to scalable payroll and HR tools to help you be more strategic, so you can broaden and deepen the impact of your HR team within your company. As your accountant, we aim to do more than be a number cruncher. And ADP is more than your average payroll and HR partner. Together, we'll help you find opportunities to take your HR function to a higher, more strategic level.Together we can find new ways to help you and your company succeed. • Automated federal, state and local payroll tax management for greater accuracy no matter where you do business • Leverage a dedicated HR portal that places critical information in your hands, an easy-to-use wizard for creating and updating your employee handbook, job description, access to background checks, and alerts on legislative changes • Confidently hire the most qualified candidates for any industry with ZipRecruiter • Versatile time tracking and scheduling solutions to help enhance payroll accuracy and improve compliance • Get better visibility into your cash with reporting and payroll liability previews • Access seamless general ledger integration with popular accounting software • Improve your cash flow predictability and eliminate the risk of large upfront premium deposits when you use ADP's Pay-by-Pay Premium Program for Workers' Compensation Insurance • Access live HR support, best practices, and cutting-edge technology to efficiently manage your day-to-day responsibilities • Offer big company benefits such as employee discounts and wellness programs • Offer attractive optional benefits such as retirement plans and, through ADPIA, group health insurance • Fully outsource your payroll, HR and benefits administration with a Professional Employer Organization (PEO) relationship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Commerce City area for over 25 years. Contact us today and see how we can help! --- ## Bookkeeping - Northglenn URL: https://sikora-cpa.com/services/bookkeeping-northglenn/ ### Bookkeeping Services in the Northglenn Area ### THE  HIGHEST RATED CPA IN THE Northglenn AREA Sikora CPA has been serving Northglenn for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Our firm has over a decade of experience in bookkeeping for businesses ranging in size from a single owner to thousands of staff members. Some of the services we currently provide are payroll, accounts payable, accounts receivable, and reconciliation to bank records. Our bookkeeping services in the Northglenn area include built-in tax guidance and support.Most bookkeepers are not taxation experts, but our expertise in tax is reflected in the care that we take in making sure each line item on your ledger is classified properly for the best possible tax outcome. Distance is not a problem as many of our largest bookkeeping clients are located outside of Northglenn area. If you need fast and accurate bookkeeping services in the Northglenn area, contact us and we will walk you through the process of implementing Northglenn-quality support for your business. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Northglenn area for over 25 years. Contact us today and see how we can help! --- ## Business Tax Returns - Northglenn URL: https://sikora-cpa.com/services/business-tax-returns-northglenn/ ### Business Tax Returns IN THE Northglenn AREA ### THE  HIGHEST RATED CPA IN THE Northglenn AREA Sikora CPA has been serving Northglenn for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Taxpayers are continuously challenged by the rules, regulations, filing requirements and disclosures required by local, state, federal and even international taxing authorities. Sikora CPA’s team of CPAs and accountants combines expertise and experience to ensure that you understand and comply with all relevant tax requirements. We have a deep understanding of individual and business taxation, flow-through entities, international tax, estate tax and state and local tax. We understand that every financial decision a business makes has an effect on not only their business tax liability, but often their personal tax situation as well. Our team will help you understand the tax implications of decisions before you make them; ensuring that you remain compliant, while finding opportunities for tax minimization. Staying ahead of the complex and frequently changing tax code can be a challenge. We help our clients stay ahead of the ever-changing laws, and we diligently apply the intricacies of tax principles to your circumstances for the best possible results. Sikora CPA is experienced in preparing and reviewing tax returns for individuals, estates, and trusts. From the most complex to the straightforward return, our team will apply our knowledge and experience to ensure you comply with local, state and federal tax requirements.While tax compliance is essential for every organization, tax planning is just as critical to your ongoing success. Our team can help you plan for tax minimization by working to proactively identify opportunities for savings at the local, state, federal and international levels. We evaluate available credits, abatements, deductions, deferments, depreciation opportunities and many other tax planning tools on a continuous basis. Effective tax minimization requires more than just understanding the law; it also requires understanding and maintaining a working knowledge of your business and personal situation. By focusing on continuing professional education and stressing open and frequent communication with our clients, we are able to identify opportunities when they arise and ensure that our clients are taking advantage of each opportunity for tax minimization. Our tax consulting services include: • Compensation Planning for Pass-Through Entities • Business Succession Planning • State and Federal Dispute Representation • Multi-State Tax Planning • International Tax Planning • Mergers & Acquisitions Tax Structuring and Planning • Retirement Planning • Multi-level Tax Minimization Planning • Tax Projects & Year End Planning • Family Tax Planning • Estate & Gift Planning • Wealth Transfer There are three main types of business entities that require federal tax filings. Partnerships, C-Corps, and S-Corps. Without the proper knowledge, all three can be difficult to understand. Our corporate tax accounting services can help. Below is a discussion of each, as well as a brief comment on LLCs:If you have more than one member in your business but have not otherwise incorporated as an S-Corp or C-Corp, you should likely be filing partnership return. It is reported on Federal Form 1065 and (if applicable) certain state schedules. We support all 50 states. This default classification arises if you apply for an EIN number for a business entity that has more than one owner. This default classification also arises if you have registered an LLC with your state and that LLC has more than one owner, equity partner, or member.An S-Corp is a small business corporation structure allowed by the IRS. It is reported on Federal Form 1120-S and (if applicable) certain state schedules. We support all 50 states. This is not a default classification – rather, you must apply for it and be approved by the IRS. The appeal of this classification is that it allows for decreased self-employment taxes on your individual return. These tax savings may be substantial, depending on the annual net income of your business. Please contact us for more details or to file your annual return.A C-Corp is a taxable entity that pays taxes in its own right. It is reported on Federal Form 1120 and (if applicable) certain state schedules. We support all 50 states. This structure is the default classification you must file with the IRS after you file as a corporation with your state or after registering your EIN as a corporation with the IRS. The C-Corp structure allows many shareholders and is the common classification for many Delaware startups and larger businesses.An LLC often has state filing requirements. However, for federal purposes, you would be filing your LLC taxes on one of two forms: from 1040 Schedule C or Form 1065. If you are the only owner, partner, or member of your LLC, then you would report on Federal Form 1040 Schedule C. If you have more than one owner, partner, or member of the business, then you would report on Form 1065, unless you have specifically incorporated as an S-Corp or other type of entity. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Northglenn area for over 25 years. Contact us today and see how we can help! --- ## CPA - Northglenn URL: https://sikora-cpa.com/services/cpa-northglenn/ ### CPA Services IN THE Northglenn AREA ### THE  HIGHEST RATED CPA IN THE Northglenn AREA Sikora CPA has been serving Northglenn for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Sikora CPA is the highest-rated CPA firm in Northglenn, CO. Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Northglenn, Sikora CPA finds solutions that let your wealth work for you, not against you. We offer exceptional tax accounting services for all your financial needs — from tax accounting services, cash flow management, succession planning to tax audits and much more. Save money with the best accountants in Colorado Springs.No financial problem is too large or complex for the accountants at Sikora CPA in Northglenn. Work with CPAs in Northglenn who offer exceptional value and tax accounting services for: • Financial Industry Professionals • Medical professionals such as doctors and dentists • Successful business owners, Software Companies & IT Professionals • Manufacturers & Distributors • Independent professionals, such as lawyers and investors • High-powered executives Sikora CPA and our team of tax and accounting professionals provide you with innovative solutions to your personal financial and business needs. Tax planning and compliance, cash flow management, budgeting, software selection, and management advisory services are but a few of the areas with which we can assist you in reaching your maximum potential.Sikora CPA also provides retirement and investment planning solutions, which include risk analysis, estate planning in coordination with your retirement needs, and portfolio accounting services. As an established full-service accounting firm, we provide the following: • Management Advisory Services • Estate and Retirement Planning • Preparation of Compiled or Reviewed Financial Statements • Bookkeeping Consulting • Portfolio Accounting • Litigation Support • Trustee Services ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Northglenn area for over 25 years. Contact us today and see how we can help! --- ## Individual Tax Returns - Northglenn URL: https://sikora-cpa.com/services/individual-tax-returns-northglenn/ ### Individual tax returns IN THE Northglenn AREA ### THE  HIGHEST RATED CPA IN THE Northglenn AREA Sikora CPA has been serving Northglenn for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Every family and individual wants to stay on the right sight of tax compliance. But compliance doesn’t mean you have to pay as much tax as possible. At all levels, taxing authorities have provided incentives and opportunities for tax minimization. At Sikora CPA, we believe in both compliance and minimization. We provide a variety of tax-related consulting services to families, trusts, and individuals. We research and analyze your tax situation to provide projections and specific tax planning advice, including family tax planning and wealth management. We work to understand your business and personal factors which affect tax planning. We are experienced in representing taxpayers before federal, state and local tax authorities. In addition, we may advise on legal structure for your business entity to align it with your personal and professional goals.After years of serving clients in Northglenn, our practice has obtained the expertise to navigate your specific regulatory environment and achieve desired outcomes on your return with solid professional integrity. Your individual return typically includes processing such forms as your W2 and 1099. Our individual tax services provide fast and accurate results. For individual returns, we specialize in individuals and sole proprietorships, which are recorded in a separate schedule outside of your form 1040. We can also discuss methods to structure your side-business or self-employment that is most beneficial to you. This includes helping you determine what you should be paying for quarterly estimated taxes on your sole proprietorship.We have been approached frequently with requests to reconcile past records and file past-due tax returns. Even if you have lost your W2s, 1099s, or other business and personal records due to the passage of time, our team will assist in sorting out your records. There are several methods of obtaining past information from the IRS, such as forms requesting information from prior W2s and 1099s submitted by your employers and account transcripts detailing balances to the IRS. The process is simpler than one would expect, and our team will guide you through obtaining the necessary materials to straighten out and file your prior-year taxes without missing details that may lower your tax obligation. Past-due returns incur (at least) two types of penalties: failure to file and failure to pay. It is important to act as early as possible to begin settling any dues to the IRS. We can help estimate potential failure to file and failure to pay penalties that are incurred by clients who have failed to file past years’ returns and can help in getting those returns filed properly. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Northglenn area for over 25 years. Contact us today and see how we can help! --- ## LLC + Corporation Setup - Northglenn URL: https://sikora-cpa.com/services/llc-corporation-setup-northglenn/ ### LLC + Corporation Setup IN THE Northglenn AREA ### THE  HIGHEST RATED CPA IN THE Northglenn AREA Sikora CPA has been serving Northglenn for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Why would someone form an entity? Do you have personal assets that you need to protect? Are you starting a business with any partners? Are you taking on any investors? Would you like to take advantage of any tax benefits? Is your business risky? If so, there are many different types of business formations that may be right for you. Even if you don’t form an entity, under the law you will be seen as either a General Partnership or a Sole Proprietor. To determine the right choice for your business, we recommend setting up a consultation with Sikora CPA.Our team has been helping prospective business owners save time and money on forming their businesses and realizing their dream of owning their own business. Starting your own business is an empowering, life changing event and the experts at Sikora CPA find solutions that work for you, not against you. We have extensive experience helping for the following types of business entities: • Limited Liability Company (LLC) • C Corporation • S Corporation • Professional Corporation • General Partnership • Limited Partnership • Sole Proprietorship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Northglenn area for over 25 years. Contact us today and see how we can help! --- ## Military Personnel Tax Returns - Northglenn URL: https://sikora-cpa.com/services/military-personnel-tax-returns-northglenn/ ### Military Personnel Tax Returns in the Northglenn area ### The Highest Rated CPA in the Northglenn Area Sikora CPA has been serving Northglenn for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### Let Sikora get you the help that you deserve Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Colorado Springs, Sikora CPA finds solutions that let your wealth work for you, not against you. Our extensive experience working with military personnel in Colorado Springs means that we know what to look for and how to protect your finances. There are a handful of important things that you need to know. We've broken them down below:If you receive combat pay, do not include it as taxable income on your tax return. Likewise, you should not pay income tax on allowances received for living and family expenses, uniforms, death expenditures, moving and travel costs, group-term life insurance and professional education. However, you do need to pay income tax on basic compensation, such as payment for training and active duty service, bonus and incentive money and student loan repayment from specific programs.If you travel more than 100 miles and stay overnight as a National Guard member or Armed Forces reservist, you can take a tax deduction – even if you do not itemize. The IRS allows you to deduct the amount you spend for work-related travel and lodging plus 50 percent of the cost of your meals. But, be sure to not deduct more for food and lodging expenses than the federal per diem rate for lodging and meals allows. The rates vary by state.The cost of any uniforms you purchase that are not suitable to wear off duty can be deducted with your miscellaneous itemized deductions. All uniform cleaning and maintenance is also tax deductible. However, unless the amount deducted is significant or you have included additional itemized deductions, you may not receive a tax benefit for this expense. You can only deduct the amount of expense that, if included with other miscellaneous itemized deductions, exceeds 2 percent of your adjusted gross income.Even though the military pays for basic moving costs, it’s not unusual to incur a few moving expenses that aren’t covered. In that instance, you can deduct any non-reimbursed moving expenses on your tax return without having to meet the distance or time requirements that are standard limitations for moving expense deductions. Any extra moving expenses are deducted as adjustments to income. You don’t need to itemize to take advantage of this tax break.Changing state residencies if you move frequently can be a huge pain. Not only is it a hassle to file tax returns for multiple states, but you may pay more state tax in one state versus another. Fortunately, if you move for military reasons, you can keep residency in your home state. This guideline applies to your spouse as well. If at any time you live in a state that collects income tax, but hold state residency in a state that does not, generally the new state can’t enforce the income tax. Additionally, if income tax is withheld from your paycheck, you have the ability to file a nonresident return with that state to receive a refund.Extra time to file your tax return may be allowed if you are stationed abroad or are in a combat zone during the tax filing season. When serving overseas, you automatically have longer to file your tax return without needing to file an extension. But, this extension is only until June 15. If you need more time, you should file for an extension which gives you until October 15 to submit your return. If you serve in a combat zone, the IRS grants you even more time to file your taxes. You have 180 days from either the date you return from the combat zone or from your last date of continuous hospitalization for injuries received while serving in a combat zone to file your return. The 180 days are in addition to the number of days you had left to file when you entered the combat zone. During this extension, no interest or penalties are charged to you. Keep in mind while extensions give you more time to file, any tax you owe must be paid by the regular due date of the return.If the survivors of a service member who died during active duty receive a $100,000 death gratuity, that amount is tax-free. In addition, if a service member dies while on duty in a combat zone or in support of a combat operation, the service member’s tax liabilities to the IRS are forgiven. This includes tax for the year of death and, potentially, any prior years.If you meet certain requirements, you may qualify for the foreign earned income and foreign housing exclusions and the foreign housing deduction. The tax professionals at Sikora CPA are trained and experienced at identifying these exclusions and deductions. If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude income up to an amount of your foreign earnings that is adjusted annually for inflation. In addition, you can exclude or deduct certain foreign housing amounts. You may also be entitled to exclude from income the value of meals and lodging provided to you by your employer.Foreign earned income does not include the following amounts: • Pay received as a military or civilian employee of the U.S. Government or any of its agencies • Pay for services conducted in international waters (not a foreign country) • Pay in specific combat zones, as designated by an Executive Order from the • President, that is excludable from income • Payments received after the end of the tax year following the year in which the services that earned the income were performed • The value of meals and lodging that are excluded from income because it was furnished for the convenience of the employer • Pension or annuity payments, including social security benefits A qualifying individual may claim the foreign earned income exclusion on foreign earned self-employment income. The excluded amount will reduce the individual’s regular income tax, but will not reduce the individual’s self-employment tax. Also, the foreign housing deduction – instead of a foreign housing exclusion – may be claimed.A qualifying individual claiming the foreign earned income exclusion, the housing exclusion, or both, must figure the tax on the remaining non-excluded income using the tax rates that would have applied had the individual not claimed the exclusions. To claim the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction, you must have foreign earned income, your tax home must be in a foreign country, and you must be one of the following: • A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, • A U.S. resident alien who is a citizen or national of a country with which the • United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or • A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months. Once you choose to exclude either foreign earned income or foreign housing costs, you cannot take a foreign tax credit for taxes on income you exclude. If you do take the foreign tax credit, one or both of the choices may be considered revoked. However, you can choose to take the foreign tax credit on any amount of foreign income which has not been excluded under the foreign earned income exclusion or the foreign housing exclusion. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Northglenn area for over 25 years. Contact us today and see how we can help! --- ## Payroll Services - Northglenn URL: https://sikora-cpa.com/services/payroll-northglenn/ ### Payroll Services IN THE Northglenn AREA ### THE  HIGHEST RATED CPA IN THE Northglenn AREA Sikora CPA has been serving Northglenn for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE From time-consuming compliance challenges impacting companies of all sizes to HR and payroll needs keeping you up at night, isn't it time you looked for a partner that can help you address it all? With ADP, you get access to scalable payroll and HR tools to help you be more strategic, so you can broaden and deepen the impact of your HR team within your company. As your accountant, we aim to do more than be a number cruncher. And ADP is more than your average payroll and HR partner. Together, we'll help you find opportunities to take your HR function to a higher, more strategic level.Together we can find new ways to help you and your company succeed. • Automated federal, state and local payroll tax management for greater accuracy no matter where you do business • Leverage a dedicated HR portal that places critical information in your hands, an easy-to-use wizard for creating and updating your employee handbook, job description, access to background checks, and alerts on legislative changes • Confidently hire the most qualified candidates for any industry with ZipRecruiter • Versatile time tracking and scheduling solutions to help enhance payroll accuracy and improve compliance • Get better visibility into your cash with reporting and payroll liability previews • Access seamless general ledger integration with popular accounting software • Improve your cash flow predictability and eliminate the risk of large upfront premium deposits when you use ADP's Pay-by-Pay Premium Program for Workers' Compensation Insurance • Access live HR support, best practices, and cutting-edge technology to efficiently manage your day-to-day responsibilities • Offer big company benefits such as employee discounts and wellness programs • Offer attractive optional benefits such as retirement plans and, through ADPIA, group health insurance • Fully outsource your payroll, HR and benefits administration with a Professional Employer Organization (PEO) relationship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Northglenn area for over 25 years. Contact us today and see how we can help! --- ## Bookkeeping - Centennial URL: https://sikora-cpa.com/services/bookkeeping-centennial/ ### Bookkeeping Services in the Centennial Area ### THE  HIGHEST RATED CPA IN THE Centennial AREA Sikora CPA has been serving Centennial for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Our firm has over a decade of experience in bookkeeping for businesses ranging in size from a single owner to thousands of staff members. Some of the services we currently provide are payroll, accounts payable, accounts receivable, and reconciliation to bank records. Our bookkeeping services in the Centennial area include built-in tax guidance and support.Most bookkeepers are not taxation experts, but our expertise in tax is reflected in the care that we take in making sure each line item on your ledger is classified properly for the best possible tax outcome. Distance is not a problem as many of our largest bookkeeping clients are located outside of the Centennial area. If you need fast and accurate bookkeeping services in the Centennial area, contact us and we will walk you through the process of implementing Centennial-quality support for your business. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Centennial area for over 25 years. Contact us today and see how we can help! --- ## Business Tax Returns - Centennial URL: https://sikora-cpa.com/services/business-tax-returns-centennial/ ### Business Tax Returns IN THE Centennial AREA ### THE  HIGHEST RATED CPA IN THE Centennial AREA Sikora CPA has been serving Centennial for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Taxpayers are continuously challenged by the rules, regulations, filing requirements and disclosures required by local, state, federal and even international taxing authorities. Sikora CPA’s team of CPAs and accountants combines expertise and experience to ensure that you understand and comply with all relevant tax requirements. We have a deep understanding of individual and business taxation, flow-through entities, international tax, estate tax and state and local tax. We understand that every financial decision a business makes has an effect on not only their business tax liability, but often their personal tax situation as well. Our team will help you understand the tax implications of decisions before you make them; ensuring that you remain compliant, while finding opportunities for tax minimization. Staying ahead of the complex and frequently changing tax code can be a challenge. We help our clients stay ahead of the ever-changing laws, and we diligently apply the intricacies of tax principles to your circumstances for the best possible results. Sikora CPA is experienced in preparing and reviewing tax returns for individuals, estates, and trusts. From the most complex to the straightforward return, our team will apply our knowledge and experience to ensure you comply with local, state and federal tax requirements.While tax compliance is essential for every organization, tax planning is just as critical to your ongoing success. Our team can help you plan for tax minimization by working to proactively identify opportunities for savings at the local, state, federal and international levels. We evaluate available credits, abatements, deductions, deferments, depreciation opportunities and many other tax planning tools on a continuous basis. Effective tax minimization requires more than just understanding the law; it also requires understanding and maintaining a working knowledge of your business and personal situation. By focusing on continuing professional education and stressing open and frequent communication with our clients, we are able to identify opportunities when they arise and ensure that our clients are taking advantage of each opportunity for tax minimization. Our tax consulting services include: • Compensation Planning for Pass-Through Entities • Business Succession Planning • State and Federal Dispute Representation • Multi-State Tax Planning • International Tax Planning • Mergers & Acquisitions Tax Structuring and Planning • Retirement Planning • Multi-level Tax Minimization Planning • Tax Projects & Year End Planning • Family Tax Planning • Estate & Gift Planning • Wealth Transfer There are three main types of business entities that require federal tax filings. Partnerships, C-Corps, and S-Corps. Without the proper knowledge, all three can be difficult to understand. Our corporate tax accounting services can help. Below is a discussion of each, as well as a brief comment on LLCs:If you have more than one member in your business but have not otherwise incorporated as an S-Corp or C-Corp, you should likely be filing partnership return. It is reported on Federal Form 1065 and (if applicable) certain state schedules. We support all 50 states. This default classification arises if you apply for an EIN number for a business entity that has more than one owner. This default classification also arises if you have registered an LLC with your state and that LLC has more than one owner, equity partner, or member.An S-Corp is a small business corporation structure allowed by the IRS. It is reported on Federal Form 1120-S and (if applicable) certain state schedules. We support all 50 states. This is not a default classification – rather, you must apply for it and be approved by the IRS. The appeal of this classification is that it allows for decreased self-employment taxes on your individual return. These tax savings may be substantial, depending on the annual net income of your business. Please contact us for more details or to file your annual return.A C-Corp is a taxable entity that pays taxes in its own right. It is reported on Federal Form 1120 and (if applicable) certain state schedules. We support all 50 states. This structure is the default classification you must file with the IRS after you file as a corporation with your state or after registering your EIN as a corporation with the IRS. The C-Corp structure allows many shareholders and is the common classification for many Delaware startups and larger businesses.An LLC often has state filing requirements. However, for federal purposes, you would be filing your LLC taxes on one of two forms: from 1040 Schedule C or Form 1065. If you are the only owner, partner, or member of your LLC, then you would report on Federal Form 1040 Schedule C. If you have more than one owner, partner, or member of the business, then you would report on Form 1065, unless you have specifically incorporated as an S-Corp or other type of entity. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Centennial area for over 25 years. Contact us today and see how we can help! --- ## CPA - Centennial URL: https://sikora-cpa.com/services/cpa-centennial/ ### CPA Services IN THE Centennial AREA ### THE  HIGHEST RATED CPA IN THE Centennial AREA Sikora CPA has been serving Centennial for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Sikora CPA is the highest-rated CPA firm in Centennial, CO. Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Centennial, Sikora CPA finds solutions that let your wealth work for you, not against you. We offer exceptional tax accounting services for all your financial needs — from tax accounting services, cash flow management, succession planning to tax audits and much more. Save money with the best accountants in Centennial.No financial problem is too large or complex for the accountants at Sikora CPA in Centennial. Work with CPAs in Centennial who offer exceptional value and tax accounting services for: • Financial Industry Professionals • Medical professionals such as doctors and dentists • Successful business owners, Software Companies & IT Professionals • Manufacturers & Distributors • Independent professionals, such as lawyers and investors • High-powered executives Sikora CPA and our team of tax and accounting professionals provide you with innovative solutions to your personal financial and business needs. Tax planning and compliance, cash flow management, budgeting, software selection, and management advisory services are but a few of the areas with which we can assist you in reaching your maximum potential.Sikora CPA also provides retirement and investment planning solutions, which include risk analysis, estate planning in coordination with your retirement needs, and portfolio accounting services. As an established full-service accounting firm, we provide the following: • Management Advisory Services • Estate and Retirement Planning • Preparation of Compiled or Reviewed Financial Statements • Bookkeeping Consulting • Portfolio Accounting • Litigation Support • Trustee Services ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Centennial area for over 25 years. Contact us today and see how we can help! --- ## Individual Tax Returns - Centennial URL: https://sikora-cpa.com/services/individual-tax-returns-centennial/ ### Individual tax returns IN THE Centennial AREA ### THE  HIGHEST RATED CPA IN THE Centennial AREA Sikora CPA has been serving Centennial for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Every family and individual wants to stay on the right sight of tax compliance. But compliance doesn’t mean you have to pay as much tax as possible. At all levels, taxing authorities have provided incentives and opportunities for tax minimization. At Sikora CPA, we believe in both compliance and minimization. We provide a variety of tax-related consulting services to families, trusts, and individuals. We research and analyze your tax situation to provide projections and specific tax planning advice, including family tax planning and wealth management. We work to understand your business and personal factors which affect tax planning. We are experienced in representing taxpayers before federal, state and local tax authorities. In addition, we may advise on legal structure for your business entity to align it with your personal and professional goals.After years of serving clients in Centennial, our practice has obtained the expertise to navigate your specific regulatory environment and achieve desired outcomes on your return with solid professional integrity. Your individual return typically includes processing such forms as your W2 and 1099. Our individual tax services provide fast and accurate results. For individual returns, we specialize in individuals and sole proprietorships, which are recorded in a separate schedule outside of your form 1040. We can also discuss methods to structure your side-business or self-employment that is most beneficial to you. This includes helping you determine what you should be paying for quarterly estimated taxes on your sole proprietorship.We have been approached frequently with requests to reconcile past records and file past-due tax returns. Even if you have lost your W2s, 1099s, or other business and personal records due to the passage of time, our team will assist in sorting out your records. There are several methods of obtaining past information from the IRS, such as forms requesting information from prior W2s and 1099s submitted by your employers and account transcripts detailing balances to the IRS. The process is simpler than one would expect, and our team will guide you through obtaining the necessary materials to straighten out and file your prior-year taxes without missing details that may lower your tax obligation. Past-due returns incur (at least) two types of penalties: failure to file and failure to pay. It is important to act as early as possible to begin settling any dues to the IRS. We can help estimate potential failure to file and failure to pay penalties that are incurred by clients who have failed to file past years’ returns and can help in getting those returns filed properly. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Centennial area for over 25 years. Contact us today and see how we can help! --- ## LLC + Corporation Setup - Centennial URL: https://sikora-cpa.com/services/llc-corporation-setup-centennial/ ### LLC + Corporation Setup IN THE Centennial AREA ### THE  HIGHEST RATED CPA IN THE Centennial AREA Sikora CPA has been serving Centennial for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Why would someone form an entity? Do you have personal assets that you need to protect? Are you starting a business with any partners? Are you taking on any investors? Would you like to take advantage of any tax benefits? Is your business risky? If so, there are many different types of business formations that may be right for you. Even if you don’t form an entity, under the law you will be seen as either a General Partnership or a Sole Proprietor. To determine the right choice for your business, we recommend setting up a consultation with Sikora CPA.Our team has been helping prospective business owners save time and money on forming their businesses and realizing their dream of owning their own business. Starting your own business is an empowering, life changing event and the experts at Sikora CPA find solutions that work for you, not against you. We have extensive experience helping for the following types of business entities: • Limited Liability Company (LLC) • C Corporation • S Corporation • Professional Corporation • General Partnership • Limited Partnership • Sole Proprietorship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Centennial area for over 25 years. Contact us today and see how we can help! --- ## Military Personnel Tax Returns - Centennial URL: https://sikora-cpa.com/services/military-personnel-tax-returns-centennial/ ### Military Personnel Tax Returns in the Centennial area ### The Highest Rated CPA in the Centennial Area Sikora CPA has been serving Centennial for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### Let Sikora get you the help that you deserve Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Centennial, Sikora CPA finds solutions that let your wealth work for you, not against you. Our extensive experience working with military personnel in Centennial means that we know what to look for and how to protect your finances. There are a handful of important things that you need to know. We've broken them down below:If you receive combat pay, do not include it as taxable income on your tax return. Likewise, you should not pay income tax on allowances received for living and family expenses, uniforms, death expenditures, moving and travel costs, group-term life insurance and professional education. However, you do need to pay income tax on basic compensation, such as payment for training and active duty service, bonus and incentive money and student loan repayment from specific programs.If you travel more than 100 miles and stay overnight as a National Guard member or Armed Forces reservist, you can take a tax deduction – even if you do not itemize. The IRS allows you to deduct the amount you spend for work-related travel and lodging plus 50 percent of the cost of your meals. But, be sure to not deduct more for food and lodging expenses than the federal per diem rate for lodging and meals allows. The rates vary by state.The cost of any uniforms you purchase that are not suitable to wear off duty can be deducted with your miscellaneous itemized deductions. All uniform cleaning and maintenance is also tax deductible. However, unless the amount deducted is significant or you have included additional itemized deductions, you may not receive a tax benefit for this expense. You can only deduct the amount of expense that, if included with other miscellaneous itemized deductions, exceeds 2 percent of your adjusted gross income.Even though the military pays for basic moving costs, it’s not unusual to incur a few moving expenses that aren’t covered. In that instance, you can deduct any non-reimbursed moving expenses on your tax return without having to meet the distance or time requirements that are standard limitations for moving expense deductions. Any extra moving expenses are deducted as adjustments to income. You don’t need to itemize to take advantage of this tax break.Changing state residencies if you move frequently can be a huge pain. Not only is it a hassle to file tax returns for multiple states, but you may pay more state tax in one state versus another. Fortunately, if you move for military reasons, you can keep residency in your home state. This guideline applies to your spouse as well. If at any time you live in a state that collects income tax, but hold state residency in a state that does not, generally the new state can’t enforce the income tax. Additionally, if income tax is withheld from your paycheck, you have the ability to file a nonresident return with that state to receive a refund.Extra time to file your tax return may be allowed if you are stationed abroad or are in a combat zone during the tax filing season. When serving overseas, you automatically have longer to file your tax return without needing to file an extension. But, this extension is only until June 15. If you need more time, you should file for an extension which gives you until October 15 to submit your return. If you serve in a combat zone, the IRS grants you even more time to file your taxes. You have 180 days from either the date you return from the combat zone or from your last date of continuous hospitalization for injuries received while serving in a combat zone to file your return. The 180 days are in addition to the number of days you had left to file when you entered the combat zone. During this extension, no interest or penalties are charged to you. Keep in mind while extensions give you more time to file, any tax you owe must be paid by the regular due date of the return.If the survivors of a service member who died during active duty receive a $100,000 death gratuity, that amount is tax-free. In addition, if a service member dies while on duty in a combat zone or in support of a combat operation, the service member’s tax liabilities to the IRS are forgiven. This includes tax for the year of death and, potentially, any prior years.If you meet certain requirements, you may qualify for the foreign earned income and foreign housing exclusions and the foreign housing deduction. The tax professionals at Sikora CPA are trained and experienced at identifying these exclusions and deductions. If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude income up to an amount of your foreign earnings that is adjusted annually for inflation. In addition, you can exclude or deduct certain foreign housing amounts. You may also be entitled to exclude from income the value of meals and lodging provided to you by your employer.Foreign earned income does not include the following amounts: • Pay received as a military or civilian employee of the U.S. Government or any of its agencies • Pay for services conducted in international waters (not a foreign country) • Pay in specific combat zones, as designated by an Executive Order from the • President, that is excludable from income • Payments received after the end of the tax year following the year in which the services that earned the income were performed • The value of meals and lodging that are excluded from income because it was furnished for the convenience of the employer • Pension or annuity payments, including social security benefits A qualifying individual may claim the foreign earned income exclusion on foreign earned self-employment income. The excluded amount will reduce the individual’s regular income tax, but will not reduce the individual’s self-employment tax. Also, the foreign housing deduction – instead of a foreign housing exclusion – may be claimed.A qualifying individual claiming the foreign earned income exclusion, the housing exclusion, or both, must figure the tax on the remaining non-excluded income using the tax rates that would have applied had the individual not claimed the exclusions. To claim the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction, you must have foreign earned income, your tax home must be in a foreign country, and you must be one of the following: • A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, • A U.S. resident alien who is a citizen or national of a country with which the • United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or • A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months. Once you choose to exclude either foreign earned income or foreign housing costs, you cannot take a foreign tax credit for taxes on income you exclude. If you do take the foreign tax credit, one or both of the choices may be considered revoked. However, you can choose to take the foreign tax credit on any amount of foreign income which has not been excluded under the foreign earned income exclusion or the foreign housing exclusion. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Centennial area for over 25 years. Contact us today and see how we can help! --- ## Payroll Services - Centennial URL: https://sikora-cpa.com/services/payroll-centennial/ ### Payroll Services IN THE Centennial AREA ### THE  HIGHEST RATED CPA IN THE Centennial AREA Sikora CPA has been serving Centennial for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE From time-consuming compliance challenges impacting companies of all sizes to HR and payroll needs keeping you up at night, isn't it time you looked for a partner that can help you address it all? With ADP, you get access to scalable payroll and HR tools to help you be more strategic, so you can broaden and deepen the impact of your HR team within your company. As your accountant, we aim to do more than be a number cruncher. And ADP is more than your average payroll and HR partner. Together, we'll help you find opportunities to take your HR function to a higher, more strategic level.Together we can find new ways to help you and your company succeed. • Automated federal, state and local payroll tax management for greater accuracy no matter where you do business • Leverage a dedicated HR portal that places critical information in your hands, an easy-to-use wizard for creating and updating your employee handbook, job description, access to background checks, and alerts on legislative changes • Confidently hire the most qualified candidates for any industry with ZipRecruiter • Versatile time tracking and scheduling solutions to help enhance payroll accuracy and improve compliance • Get better visibility into your cash with reporting and payroll liability previews • Access seamless general ledger integration with popular accounting software • Improve your cash flow predictability and eliminate the risk of large upfront premium deposits when you use ADP's Pay-by-Pay Premium Program for Workers' Compensation Insurance • Access live HR support, best practices, and cutting-edge technology to efficiently manage your day-to-day responsibilities • Offer big company benefits such as employee discounts and wellness programs • Offer attractive optional benefits such as retirement plans and, through ADPIA, group health insurance • Fully outsource your payroll, HR and benefits administration with a Professional Employer Organization (PEO) relationship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Centennial area for over 25 years. Contact us today and see how we can help! --- ## Bookkeeping - Broomfield URL: https://sikora-cpa.com/services/bookkeeping-broomfield/ ### Bookkeeping Services in the Broomfield Area ### THE  HIGHEST RATED CPA IN THE Broomfield AREA Sikora CPA has been serving Broomfield for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Our firm has over a decade of experience in bookkeeping for businesses ranging in size from a single owner to thousands of staff members. Some of the services we currently provide are payroll, accounts payable, accounts receivable, and reconciliation to bank records. Our bookkeeping services in the Broomfield area include built-in tax guidance and support.Most bookkeepers are not taxation experts, but our expertise in tax is reflected in the care that we take in making sure each line item on your ledger is classified properly for the best possible tax outcome. Distance is not a problem as many of our largest bookkeeping clients are located outside of the Broomfield area. If you need fast and accurate bookkeeping services in the Broomfield area, contact us and we will walk you through the process of implementing Broomfield-quality support for your business. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Broomfield area for over 25 years. Contact us today and see how we can help! --- ## Business Tax Returns - Broomfield URL: https://sikora-cpa.com/services/business-tax-returns-broomfield/ ### Business Tax Returns IN THE Broomfield AREA ### THE  HIGHEST RATED CPA IN THE Broomfield AREA Sikora CPA has been serving Broomfield for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Taxpayers are continuously challenged by the rules, regulations, filing requirements and disclosures required by local, state, federal and even international taxing authorities. Sikora CPA’s team of CPAs and accountants combines expertise and experience to ensure that you understand and comply with all relevant tax requirements. We have a deep understanding of individual and business taxation, flow-through entities, international tax, estate tax and state and local tax. We understand that every financial decision a business makes has an effect on not only their business tax liability, but often their personal tax situation as well. Our team will help you understand the tax implications of decisions before you make them; ensuring that you remain compliant, while finding opportunities for tax minimization. Staying ahead of the complex and frequently changing tax code can be a challenge. We help our clients stay ahead of the ever-changing laws, and we diligently apply the intricacies of tax principles to your circumstances for the best possible results. Sikora CPA is experienced in preparing and reviewing tax returns for individuals, estates, and trusts. From the most complex to the straightforward return, our team will apply our knowledge and experience to ensure you comply with local, state and federal tax requirements.While tax compliance is essential for every organization, tax planning is just as critical to your ongoing success. Our team can help you plan for tax minimization by working to proactively identify opportunities for savings at the local, state, federal and international levels. We evaluate available credits, abatements, deductions, deferments, depreciation opportunities and many other tax planning tools on a continuous basis. Effective tax minimization requires more than just understanding the law; it also requires understanding and maintaining a working knowledge of your business and personal situation. By focusing on continuing professional education and stressing open and frequent communication with our clients, we are able to identify opportunities when they arise and ensure that our clients are taking advantage of each opportunity for tax minimization. Our tax consulting services include: • Compensation Planning for Pass-Through Entities • Business Succession Planning • State and Federal Dispute Representation • Multi-State Tax Planning • International Tax Planning • Mergers & Acquisitions Tax Structuring and Planning • Retirement Planning • Multi-level Tax Minimization Planning • Tax Projects & Year End Planning • Family Tax Planning • Estate & Gift Planning • Wealth Transfer There are three main types of business entities that require federal tax filings. Partnerships, C-Corps, and S-Corps. Without the proper knowledge, all three can be difficult to understand. Our corporate tax accounting services can help. Below is a discussion of each, as well as a brief comment on LLCs:If you have more than one member in your business but have not otherwise incorporated as an S-Corp or C-Corp, you should likely be filing partnership return. It is reported on Federal Form 1065 and (if applicable) certain state schedules. We support all 50 states. This default classification arises if you apply for an EIN number for a business entity that has more than one owner. This default classification also arises if you have registered an LLC with your state and that LLC has more than one owner, equity partner, or member.An S-Corp is a small business corporation structure allowed by the IRS. It is reported on Federal Form 1120-S and (if applicable) certain state schedules. We support all 50 states. This is not a default classification – rather, you must apply for it and be approved by the IRS. The appeal of this classification is that it allows for decreased self-employment taxes on your individual return. These tax savings may be substantial, depending on the annual net income of your business. Please contact us for more details or to file your annual return.A C-Corp is a taxable entity that pays taxes in its own right. It is reported on Federal Form 1120 and (if applicable) certain state schedules. We support all 50 states. This structure is the default classification you must file with the IRS after you file as a corporation with your state or after registering your EIN as a corporation with the IRS. The C-Corp structure allows many shareholders and is the common classification for many Delaware startups and larger businesses.An LLC often has state filing requirements. However, for federal purposes, you would be filing your LLC taxes on one of two forms: from 1040 Schedule C or Form 1065. If you are the only owner, partner, or member of your LLC, then you would report on Federal Form 1040 Schedule C. If you have more than one owner, partner, or member of the business, then you would report on Form 1065, unless you have specifically incorporated as an S-Corp or other type of entity. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Broomfield area for over 25 years. Contact us today and see how we can help! --- ## CPA - Broomfield URL: https://sikora-cpa.com/services/cpa-broomfield/ ### CPA Services IN THE Broomfield AREA ### THE  HIGHEST RATED CPA IN THE Broomfield AREA Sikora CPA has been serving Broomfield for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Sikora CPA is the highest-rated CPA firm in Broomfield, CO. Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Broomfield, Sikora CPA finds solutions that let your wealth work for you, not against you. We offer exceptional tax accounting services for all your financial needs — from tax accounting services, cash flow management, succession planning to tax audits and much more. Save money with the best accountants in Broomfield.No financial problem is too large or complex for the accountants at Sikora CPA in Broomfield. Work with CPAs in Broomfield who offer exceptional value and tax accounting services for: • Financial Industry Professionals • Medical professionals such as doctors and dentists • Successful business owners, Software Companies & IT Professionals • Manufacturers & Distributors • Independent professionals, such as lawyers and investors • High-powered executives Sikora CPA and our team of tax and accounting professionals provide you with innovative solutions to your personal financial and business needs. Tax planning and compliance, cash flow management, budgeting, software selection, and management advisory services are but a few of the areas with which we can assist you in reaching your maximum potential.Sikora CPA also provides retirement and investment planning solutions, which include risk analysis, estate planning in coordination with your retirement needs, and portfolio accounting services. As an established full-service accounting firm, we provide the following: • Management Advisory Services • Estate and Retirement Planning • Preparation of Compiled or Reviewed Financial Statements • Bookkeeping Consulting • Portfolio Accounting • Litigation Support • Trustee Services ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Broomfield area for over 25 years. Contact us today and see how we can help! --- ## Individual Tax Returns - Broomfield URL: https://sikora-cpa.com/services/individual-tax-returns-broomfield/ ### Individual tax returns IN THE Broomfield AREA ### THE  HIGHEST RATED CPA IN THE Broomfield AREA Sikora CPA has been serving Broomfield for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Every family and individual wants to stay on the right sight of tax compliance. But compliance doesn’t mean you have to pay as much tax as possible. At all levels, taxing authorities have provided incentives and opportunities for tax minimization. At Sikora CPA, we believe in both compliance and minimization. We provide a variety of tax-related consulting services to families, trusts, and individuals. We research and analyze your tax situation to provide projections and specific tax planning advice, including family tax planning and wealth management. We work to understand your business and personal factors which affect tax planning. We are experienced in representing taxpayers before federal, state and local tax authorities. In addition, we may advise on legal structure for your business entity to align it with your personal and professional goals.After years of serving clients in Broomfield, our practice has obtained the expertise to navigate your specific regulatory environment and achieve desired outcomes on your return with solid professional integrity. Your individual return typically includes processing such forms as your W2 and 1099. Our individual tax services provide fast and accurate results. For individual returns, we specialize in individuals and sole proprietorships, which are recorded in a separate schedule outside of your form 1040. We can also discuss methods to structure your side-business or self-employment that is most beneficial to you. This includes helping you determine what you should be paying for quarterly estimated taxes on your sole proprietorship.We have been approached frequently with requests to reconcile past records and file past-due tax returns. Even if you have lost your W2s, 1099s, or other business and personal records due to the passage of time, our team will assist in sorting out your records. There are several methods of obtaining past information from the IRS, such as forms requesting information from prior W2s and 1099s submitted by your employers and account transcripts detailing balances to the IRS. The process is simpler than one would expect, and our team will guide you through obtaining the necessary materials to straighten out and file your prior-year taxes without missing details that may lower your tax obligation. Past-due returns incur (at least) two types of penalties: failure to file and failure to pay. It is important to act as early as possible to begin settling any dues to the IRS. We can help estimate potential failure to file and failure to pay penalties that are incurred by clients who have failed to file past years’ returns and can help in getting those returns filed properly. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Broomfield area for over 25 years. Contact us today and see how we can help! --- ## LLC + Corporation Setup - Broomfield URL: https://sikora-cpa.com/services/llc-corporation-setup-broomfield/ ### LLC + Corporation Setup IN THE Broomfield AREA ### THE  HIGHEST RATED CPA IN THE Broomfield AREA Sikora CPA has been serving Broomfield for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Why would someone form an entity? Do you have personal assets that you need to protect? Are you starting a business with any partners? Are you taking on any investors? Would you like to take advantage of any tax benefits? Is your business risky? If so, there are many different types of business formations that may be right for you. Even if you don’t form an entity, under the law you will be seen as either a General Partnership or a Sole Proprietor. To determine the right choice for your business, we recommend setting up a consultation with Sikora CPA.Our team has been helping prospective business owners save time and money on forming their businesses and realizing their dream of owning their own business. Starting your own business is an empowering, life changing event and the experts at Sikora CPA find solutions that work for you, not against you. We have extensive experience helping for the following types of business entities: • Limited Liability Company (LLC) • C Corporation • S Corporation • Professional Corporation • General Partnership • Limited Partnership • Sole Proprietorship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Broomfield area for over 25 years. Contact us today and see how we can help! --- ## Military Personnel Tax Returns - Broomfield URL: https://sikora-cpa.com/services/military-personnel-tax-returns-broomfield/ ### Military Personnel Tax Returns in the Broomfield area ### The Highest Rated CPA in the Broomfield Area Sikora CPA has been serving Broomfield for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### Let Sikora get you the help that you deserve Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Broomfield, Sikora CPA finds solutions that let your wealth work for you, not against you. Our extensive experience working with military personnel in Broomfield means that we know what to look for and how to protect your finances. There are a handful of important things that you need to know. We've broken them down below:If you receive combat pay, do not include it as taxable income on your tax return. Likewise, you should not pay income tax on allowances received for living and family expenses, uniforms, death expenditures, moving and travel costs, group-term life insurance and professional education. However, you do need to pay income tax on basic compensation, such as payment for training and active duty service, bonus and incentive money and student loan repayment from specific programs.If you travel more than 100 miles and stay overnight as a National Guard member or Armed Forces reservist, you can take a tax deduction – even if you do not itemize. The IRS allows you to deduct the amount you spend for work-related travel and lodging plus 50 percent of the cost of your meals. But, be sure to not deduct more for food and lodging expenses than the federal per diem rate for lodging and meals allows. The rates vary by state.The cost of any uniforms you purchase that are not suitable to wear off duty can be deducted with your miscellaneous itemized deductions. All uniform cleaning and maintenance is also tax deductible. However, unless the amount deducted is significant or you have included additional itemized deductions, you may not receive a tax benefit for this expense. You can only deduct the amount of expense that, if included with other miscellaneous itemized deductions, exceeds 2 percent of your adjusted gross income.Even though the military pays for basic moving costs, it’s not unusual to incur a few moving expenses that aren’t covered. In that instance, you can deduct any non-reimbursed moving expenses on your tax return without having to meet the distance or time requirements that are standard limitations for moving expense deductions. Any extra moving expenses are deducted as adjustments to income. You don’t need to itemize to take advantage of this tax break.Changing state residencies if you move frequently can be a huge pain. Not only is it a hassle to file tax returns for multiple states, but you may pay more state tax in one state versus another. Fortunately, if you move for military reasons, you can keep residency in your home state. This guideline applies to your spouse as well. If at any time you live in a state that collects income tax, but hold state residency in a state that does not, generally the new state can’t enforce the income tax. Additionally, if income tax is withheld from your paycheck, you have the ability to file a nonresident return with that state to receive a refund.Extra time to file your tax return may be allowed if you are stationed abroad or are in a combat zone during the tax filing season. When serving overseas, you automatically have longer to file your tax return without needing to file an extension. But, this extension is only until June 15. If you need more time, you should file for an extension which gives you until October 15 to submit your return. If you serve in a combat zone, the IRS grants you even more time to file your taxes. You have 180 days from either the date you return from the combat zone or from your last date of continuous hospitalization for injuries received while serving in a combat zone to file your return. The 180 days are in addition to the number of days you had left to file when you entered the combat zone. During this extension, no interest or penalties are charged to you. Keep in mind while extensions give you more time to file, any tax you owe must be paid by the regular due date of the return.If the survivors of a service member who died during active duty receive a $100,000 death gratuity, that amount is tax-free. In addition, if a service member dies while on duty in a combat zone or in support of a combat operation, the service member’s tax liabilities to the IRS are forgiven. This includes tax for the year of death and, potentially, any prior years.If you meet certain requirements, you may qualify for the foreign earned income and foreign housing exclusions and the foreign housing deduction. The tax professionals at Sikora CPA are trained and experienced at identifying these exclusions and deductions. If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude income up to an amount of your foreign earnings that is adjusted annually for inflation. In addition, you can exclude or deduct certain foreign housing amounts. You may also be entitled to exclude from income the value of meals and lodging provided to you by your employer.Foreign earned income does not include the following amounts: • Pay received as a military or civilian employee of the U.S. Government or any of its agencies • Pay for services conducted in international waters (not a foreign country) • Pay in specific combat zones, as designated by an Executive Order from the • President, that is excludable from income • Payments received after the end of the tax year following the year in which the services that earned the income were performed • The value of meals and lodging that are excluded from income because it was furnished for the convenience of the employer • Pension or annuity payments, including social security benefits A qualifying individual may claim the foreign earned income exclusion on foreign earned self-employment income. The excluded amount will reduce the individual’s regular income tax, but will not reduce the individual’s self-employment tax. Also, the foreign housing deduction – instead of a foreign housing exclusion – may be claimed.A qualifying individual claiming the foreign earned income exclusion, the housing exclusion, or both, must figure the tax on the remaining non-excluded income using the tax rates that would have applied had the individual not claimed the exclusions. To claim the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction, you must have foreign earned income, your tax home must be in a foreign country, and you must be one of the following: • A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, • A U.S. resident alien who is a citizen or national of a country with which the • United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or • A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months. Once you choose to exclude either foreign earned income or foreign housing costs, you cannot take a foreign tax credit for taxes on income you exclude. If you do take the foreign tax credit, one or both of the choices may be considered revoked. However, you can choose to take the foreign tax credit on any amount of foreign income which has not been excluded under the foreign earned income exclusion or the foreign housing exclusion. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Broomfield area for over 25 years. Contact us today and see how we can help! --- ## Payroll Services - Broomfield URL: https://sikora-cpa.com/services/payroll-services-broomfield/ ### Payroll Services IN THE Broomfield AREA ### THE  HIGHEST RATED CPA IN THE Broomfield AREA Sikora CPA has been serving Broomfield for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE From time-consuming compliance challenges impacting companies of all sizes to HR and payroll needs keeping you up at night, isn't it time you looked for a partner that can help you address it all? With ADP, you get access to scalable payroll and HR tools to help you be more strategic, so you can broaden and deepen the impact of your HR team within your company. As your accountant, we aim to do more than be a number cruncher. And ADP is more than your average payroll and HR partner. Together, we'll help you find opportunities to take your HR function to a higher, more strategic level.Together we can find new ways to help you and your company succeed. • Automated federal, state and local payroll tax management for greater accuracy no matter where you do business • Leverage a dedicated HR portal that places critical information in your hands, an easy-to-use wizard for creating and updating your employee handbook, job description, access to background checks, and alerts on legislative changes • Confidently hire the most qualified candidates for any industry with ZipRecruiter • Versatile time tracking and scheduling solutions to help enhance payroll accuracy and improve compliance • Get better visibility into your cash with reporting and payroll liability previews • Access seamless general ledger integration with popular accounting software • Improve your cash flow predictability and eliminate the risk of large upfront premium deposits when you use ADP's Pay-by-Pay Premium Program for Workers' Compensation Insurance • Access live HR support, best practices, and cutting-edge technology to efficiently manage your day-to-day responsibilities • Offer big company benefits such as employee discounts and wellness programs • Offer attractive optional benefits such as retirement plans and, through ADPIA, group health insurance • Fully outsource your payroll, HR and benefits administration with a Professional Employer Organization (PEO) relationship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Broomfield area for over 25 years. Contact us today and see how we can help! --- ## Bookkeeping - Castle Rock URL: https://sikora-cpa.com/services/bookkeeping-castle-rock/ ### Bookkeeping Services in the Castle Rock Area ### THE  HIGHEST RATED CPA IN THE Castle Rock AREA Sikora CPA has been serving Castle Rock for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Our firm has over a decade of experience in bookkeeping for businesses ranging in size from a single owner to thousands of staff members. Some of the services we currently provide are payroll, accounts payable, accounts receivable, and reconciliation to bank records. Our bookkeeping services in the Castle Rock area include built-in tax guidance and support. Most bookkeepers are not taxation experts, but our expertise in tax is reflected in the care that we take in making sure each line item on your ledger is classified properly for the best possible tax outcome. Distance is not a problem as many of our largest bookkeeping clients are located outside of the Castle Rock area. If you need fast and accurate bookkeeping services in the Castle Rock area, contact us and we will walk you through the process of implementing Castle Rock-quality support for your business. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Castle Rock area for over 25 years. Contact us today and see how we can help! --- ## Business Tax Returns - Castle Rock URL: https://sikora-cpa.com/services/business-tax-returns-castle-rock/ ### Business Tax Returns IN THE Castle Rock AREA ### THE  HIGHEST RATED CPA IN THE Castle Rock AREA Sikora CPA has been serving Castle Rock for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Taxpayers are continuously challenged by the rules, regulations, filing requirements and disclosures required by local, state, federal and even international taxing authorities. Sikora CPA’s team of CPAs and accountants combines expertise and experience to ensure that you understand and comply with all relevant tax requirements. We have a deep understanding of individual and business taxation, flow-through entities, international tax, estate tax and state and local tax. We understand that every financial decision a business makes has an effect on not only their business tax liability, but often their personal tax situation as well. Our team will help you understand the tax implications of decisions before you make them; ensuring that you remain compliant, while finding opportunities for tax minimization. Staying ahead of the complex and frequently changing tax code can be a challenge. We help our clients stay ahead of the ever-changing laws, and we diligently apply the intricacies of tax principles to your circumstances for the best possible results. Sikora CPA is experienced in preparing and reviewing tax returns for individuals, estates, and trusts. From the most complex to the straightforward return, our team will apply our knowledge and experience to ensure you comply with local, state and federal tax requirements.While tax compliance is essential for every organization, tax planning is just as critical to your ongoing success. Our team can help you plan for tax minimization by working to proactively identify opportunities for savings at the local, state, federal and international levels. We evaluate available credits, abatements, deductions, deferments, depreciation opportunities and many other tax planning tools on a continuous basis. Effective tax minimization requires more than just understanding the law; it also requires understanding and maintaining a working knowledge of your business and personal situation. By focusing on continuing professional education and stressing open and frequent communication with our clients, we are able to identify opportunities when they arise and ensure that our clients are taking advantage of each opportunity for tax minimization. Our tax consulting services include: • Compensation Planning for Pass-Through Entities • Business Succession Planning • State and Federal Dispute Representation • Multi-State Tax Planning • International Tax Planning • Mergers & Acquisitions Tax Structuring and Planning • Retirement Planning • Multi-level Tax Minimization Planning • Tax Projects & Year End Planning • Family Tax Planning • Estate & Gift Planning • Wealth Transfer There are three main types of business entities that require federal tax filings. Partnerships, C-Corps, and S-Corps. Without the proper knowledge, all three can be difficult to understand. Our corporate tax accounting services can help. Below is a discussion of each, as well as a brief comment on LLCs:If you have more than one member in your business but have not otherwise incorporated as an S-Corp or C-Corp, you should likely be filing partnership return. It is reported on Federal Form 1065 and (if applicable) certain state schedules. We support all 50 states. This default classification arises if you apply for an EIN number for a business entity that has more than one owner. This default classification also arises if you have registered an LLC with your state and that LLC has more than one owner, equity partner, or member.An S-Corp is a small business corporation structure allowed by the IRS. It is reported on Federal Form 1120-S and (if applicable) certain state schedules. We support all 50 states. This is not a default classification – rather, you must apply for it and be approved by the IRS. The appeal of this classification is that it allows for decreased self-employment taxes on your individual return. These tax savings may be substantial, depending on the annual net income of your business. Please contact us for more details or to file your annual return.A C-Corp is a taxable entity that pays taxes in its own right. It is reported on Federal Form 1120 and (if applicable) certain state schedules. We support all 50 states. This structure is the default classification you must file with the IRS after you file as a corporation with your state or after registering your EIN as a corporation with the IRS. The C-Corp structure allows many shareholders and is the common classification for many Delaware startups and larger businesses.An LLC often has state filing requirements. However, for federal purposes, you would be filing your LLC taxes on one of two forms: from 1040 Schedule C or Form 1065. If you are the only owner, partner, or member of your LLC, then you would report on Federal Form 1040 Schedule C. If you have more than one owner, partner, or member of the business, then you would report on Form 1065, unless you have specifically incorporated as an S-Corp or other type of entity. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Castle Rock area for over 25 years. Contact us today and see how we can help! --- ## CPA - Castle Rock URL: https://sikora-cpa.com/services/cpa-castle-rock/ ### CPA Services IN THE Castle Rock AREA ### THE  HIGHEST RATED CPA IN THE Castle Rock AREA Sikora CPA has been serving Castle Rock for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Sikora CPA is the highest-rated CPA firm in Castle Rock, CO. Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Castle Rock, Sikora CPA finds solutions that let your wealth work for you, not against you. We offer exceptional tax accounting services for all your financial needs — from tax accounting services, cash flow management, succession planning to tax audits and much more. Save money with the best accountants in Castle Rock.No financial problem is too large or complex for the accountants at Sikora CPA in Castle Rock. Work with CPAs in Castle Rock who offer exceptional value and tax accounting services for: • Financial Industry Professionals • Medical professionals such as doctors and dentists • Successful business owners, Software Companies & IT Professionals • Manufacturers & Distributors • Independent professionals, such as lawyers and investors • High-powered executives Sikora CPA and our team of tax and accounting professionals provide you with innovative solutions to your personal financial and business needs. Tax planning and compliance, cash flow management, budgeting, software selection, and management advisory services are but a few of the areas with which we can assist you in reaching your maximum potential.Sikora CPA also provides retirement and investment planning solutions, which include risk analysis, estate planning in coordination with your retirement needs, and portfolio accounting services. As an established full-service accounting firm, we provide the following: • Management Advisory Services • Estate and Retirement Planning • Preparation of Compiled or Reviewed Financial Statements • Bookkeeping Consulting • Portfolio Accounting • Litigation Support • Trustee Services ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Castle Rock area for over 25 years. Contact us today and see how we can help! --- ## Individual Tax Returns - Castle Rock URL: https://sikora-cpa.com/services/individual-tax-returns-castle-rock/ ### Individual tax returns IN THE Castle Rock AREA ### THE  HIGHEST RATED CPA IN THE Castle Rock AREA Sikora CPA has been serving Castle Rock for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Every family and individual wants to stay on the right sight of tax compliance. But compliance doesn’t mean you have to pay as much tax as possible. At all levels, taxing authorities have provided incentives and opportunities for tax minimization. At Sikora CPA, we believe in both compliance and minimization. We provide a variety of tax-related consulting services to families, trusts, and individuals. We research and analyze your tax situation to provide projections and specific tax planning advice, including family tax planning and wealth management. We work to understand your business and personal factors which affect tax planning. We are experienced in representing taxpayers before federal, state and local tax authorities. In addition, we may advise on legal structure for your business entity to align it with your personal and professional goals.After years of serving clients in Castle Rock, our practice has obtained the expertise to navigate your specific regulatory environment and achieve desired outcomes on your return with solid professional integrity. Your individual return typically includes processing such forms as your W2 and 1099. Our individual tax services provide fast and accurate results. For individual returns, we specialize in individuals and sole proprietorships, which are recorded in a separate schedule outside of your form 1040. We can also discuss methods to structure your side-business or self-employment that is most beneficial to you. This includes helping you determine what you should be paying for quarterly estimated taxes on your sole proprietorship.We have been approached frequently with requests to reconcile past records and file past-due tax returns. Even if you have lost your W2s, 1099s, or other business and personal records due to the passage of time, our team will assist in sorting out your records. There are several methods of obtaining past information from the IRS, such as forms requesting information from prior W2s and 1099s submitted by your employers and account transcripts detailing balances to the IRS. The process is simpler than one would expect, and our team will guide you through obtaining the necessary materials to straighten out and file your prior-year taxes without missing details that may lower your tax obligation. Past-due returns incur (at least) two types of penalties: failure to file and failure to pay. It is important to act as early as possible to begin settling any dues to the IRS. We can help estimate potential failure to file and failure to pay penalties that are incurred by clients who have failed to file past years’ returns and can help in getting those returns filed properly. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Castle Rock area for over 25 years. Contact us today and see how we can help! --- ## LLC + Corporation Setup - Castle Rock URL: https://sikora-cpa.com/services/llc-corporation-setup-castle-rock/ ### LLC + Corporation Setup IN THE Castle Rock AREA ### THE  HIGHEST RATED CPA IN THE Castle Rock AREA Sikora CPA has been serving Castle Rock for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Why would someone form an entity? Do you have personal assets that you need to protect? Are you starting a business with any partners? Are you taking on any investors? Would you like to take advantage of any tax benefits? Is your business risky? If so, there are many different types of business formations that may be right for you. Even if you don’t form an entity, under the law you will be seen as either a General Partnership or a Sole Proprietor. To determine the right choice for your business, we recommend setting up a consultation with Sikora CPA.Our team has been helping prospective business owners save time and money on forming their businesses and realizing their dream of owning their own business. Starting your own business is an empowering, life changing event and the experts at Sikora CPA find solutions that work for you, not against you. We have extensive experience helping for the following types of business entities: • Limited Liability Company (LLC) • C Corporation • S Corporation • Professional Corporation • General Partnership • Limited Partnership • Sole Proprietorship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Castle Rock area for over 25 years. Contact us today and see how we can help! --- ## Military Personnel Tax Returns - Castle Rock URL: https://sikora-cpa.com/services/military-personnel-tax-returns-castle-rock/ ### Military Personnel Tax Returns in the Castle Rock area ### The Highest Rated CPA in the Castle Rock Area Sikora CPA has been serving Castle Rock for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### Let Sikora get you the help that you deserve Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Castle Rock, Sikora CPA finds solutions that let your wealth work for you, not against you. Our extensive experience working with military personnel in Castle Rock means that we know what to look for and how to protect your finances. There are a handful of important things that you need to know. We've broken them down below:If you receive combat pay, do not include it as taxable income on your tax return. Likewise, you should not pay income tax on allowances received for living and family expenses, uniforms, death expenditures, moving and travel costs, group-term life insurance and professional education. However, you do need to pay income tax on basic compensation, such as payment for training and active duty service, bonus and incentive money and student loan repayment from specific programs.If you travel more than 100 miles and stay overnight as a National Guard member or Armed Forces reservist, you can take a tax deduction – even if you do not itemize. The IRS allows you to deduct the amount you spend for work-related travel and lodging plus 50 percent of the cost of your meals. But, be sure to not deduct more for food and lodging expenses than the federal per diem rate for lodging and meals allows. The rates vary by state.The cost of any uniforms you purchase that are not suitable to wear off duty can be deducted with your miscellaneous itemized deductions. All uniform cleaning and maintenance is also tax deductible. However, unless the amount deducted is significant or you have included additional itemized deductions, you may not receive a tax benefit for this expense. You can only deduct the amount of expense that, if included with other miscellaneous itemized deductions, exceeds 2 percent of your adjusted gross income.Even though the military pays for basic moving costs, it’s not unusual to incur a few moving expenses that aren’t covered. In that instance, you can deduct any non-reimbursed moving expenses on your tax return without having to meet the distance or time requirements that are standard limitations for moving expense deductions. Any extra moving expenses are deducted as adjustments to income. You don’t need to itemize to take advantage of this tax break.Changing state residencies if you move frequently can be a huge pain. Not only is it a hassle to file tax returns for multiple states, but you may pay more state tax in one state versus another. Fortunately, if you move for military reasons, you can keep residency in your home state. This guideline applies to your spouse as well. If at any time you live in a state that collects income tax, but hold state residency in a state that does not, generally the new state can’t enforce the income tax. Additionally, if income tax is withheld from your paycheck, you have the ability to file a nonresident return with that state to receive a refund.Extra time to file your tax return may be allowed if you are stationed abroad or are in a combat zone during the tax filing season. When serving overseas, you automatically have longer to file your tax return without needing to file an extension. But, this extension is only until June 15. If you need more time, you should file for an extension which gives you until October 15 to submit your return. If you serve in a combat zone, the IRS grants you even more time to file your taxes. You have 180 days from either the date you return from the combat zone or from your last date of continuous hospitalization for injuries received while serving in a combat zone to file your return. The 180 days are in addition to the number of days you had left to file when you entered the combat zone. During this extension, no interest or penalties are charged to you. Keep in mind while extensions give you more time to file, any tax you owe must be paid by the regular due date of the return.If the survivors of a service member who died during active duty receive a $100,000 death gratuity, that amount is tax-free. In addition, if a service member dies while on duty in a combat zone or in support of a combat operation, the service member’s tax liabilities to the IRS are forgiven. This includes tax for the year of death and, potentially, any prior years.If you meet certain requirements, you may qualify for the foreign earned income and foreign housing exclusions and the foreign housing deduction. The tax professionals at Sikora CPA are trained and experienced at identifying these exclusions and deductions. If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude income up to an amount of your foreign earnings that is adjusted annually for inflation. In addition, you can exclude or deduct certain foreign housing amounts. You may also be entitled to exclude from income the value of meals and lodging provided to you by your employer.Foreign earned income does not include the following amounts: • Pay received as a military or civilian employee of the U.S. Government or any of its agencies • Pay for services conducted in international waters (not a foreign country) • Pay in specific combat zones, as designated by an Executive Order from the • President, that is excludable from income • Payments received after the end of the tax year following the year in which the services that earned the income were performed • The value of meals and lodging that are excluded from income because it was furnished for the convenience of the employer • Pension or annuity payments, including social security benefits A qualifying individual may claim the foreign earned income exclusion on foreign earned self-employment income. The excluded amount will reduce the individual’s regular income tax, but will not reduce the individual’s self-employment tax. Also, the foreign housing deduction – instead of a foreign housing exclusion – may be claimed.A qualifying individual claiming the foreign earned income exclusion, the housing exclusion, or both, must figure the tax on the remaining non-excluded income using the tax rates that would have applied had the individual not claimed the exclusions. To claim the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction, you must have foreign earned income, your tax home must be in a foreign country, and you must be one of the following: • A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, • A U.S. resident alien who is a citizen or national of a country with which the • United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or • A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months. Once you choose to exclude either foreign earned income or foreign housing costs, you cannot take a foreign tax credit for taxes on income you exclude. If you do take the foreign tax credit, one or both of the choices may be considered revoked. However, you can choose to take the foreign tax credit on any amount of foreign income which has not been excluded under the foreign earned income exclusion or the foreign housing exclusion. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Castle Rock area for over 25 years. Contact us today and see how we can help! --- ## Payroll Services - Castle Rock URL: https://sikora-cpa.com/services/payroll-castle-rock/ ### Payroll Services IN THE Castle Rock AREA ### THE  HIGHEST RATED CPA IN THE Castle Rock AREA Sikora CPA has been serving Castle Rock for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE From time-consuming compliance challenges impacting companies of all sizes to HR and payroll needs keeping you up at night, isn't it time you looked for a partner that can help you address it all? With ADP, you get access to scalable payroll and HR tools to help you be more strategic, so you can broaden and deepen the impact of your HR team within your company. As your accountant, we aim to do more than be a number cruncher. And ADP is more than your average payroll and HR partner. Together, we'll help you find opportunities to take your HR function to a higher, more strategic level.Together we can find new ways to help you and your company succeed. • Automated federal, state and local payroll tax management for greater accuracy no matter where you do business • Leverage a dedicated HR portal that places critical information in your hands, an easy-to-use wizard for creating and updating your employee handbook, job description, access to background checks, and alerts on legislative changes • Confidently hire the most qualified candidates for any industry with ZipRecruiter • Versatile time tracking and scheduling solutions to help enhance payroll accuracy and improve compliance • Get better visibility into your cash with reporting and payroll liability previews • Access seamless general ledger integration with popular accounting software • Improve your cash flow predictability and eliminate the risk of large upfront premium deposits when you use ADP's Pay-by-Pay Premium Program for Workers' Compensation Insurance • Access live HR support, best practices, and cutting-edge technology to efficiently manage your day-to-day responsibilities • Offer big company benefits such as employee discounts and wellness programs • Offer attractive optional benefits such as retirement plans and, through ADPIA, group health insurance • Fully outsource your payroll, HR and benefits administration with a Professional Employer Organization (PEO) relationship ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Castle Rock area for over 25 years. Contact us today and see how we can help! --- ## Bookkeeping Services URL: https://sikora-cpa.com/services/bookkeeping/ ### Bookkeeping Services in the Colorado Springs Area ### THE  HIGHEST RATED CPA  IN THE COLORADO SPRINGS AREA Sikora CPA has been serving Colorado Springs for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Our firm has over a decade of experience in bookkeeping for businesses ranging in size from a single owner to thousands of staff members. Some of the services we currently provide are payroll, accounts payable, accounts receivable, and reconciliation to bank records. Our bookkeeping services in the Colorado Springs area include built-in tax guidance and support. Most bookkeepers are not taxation experts, but our expertise in tax is reflected in the care that we take in making sure each line item on your ledger is classified properly for the best possible tax outcome. Distance is not a problem as many of our largest bookkeeping clients are located outside of Colorado Springs area. If you need fast and accurate bookkeeping services in the Colorado Springs area, contact us and we will walk you through the process of implementing Colorado Springs-quality support for your business. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Contact URL: https://sikora-cpa.com/contact/ ## How can we help you today? Our team is dedicated to providing you with exemplary service and that begins right here. We want to make it as simple for you to contact us as possible, so we have included several ways for you to do so below.  We look forward to hearing from you. 719.633.8266 cpa@sikoracpa.net Sikora CPA 3716 Galley Road Colorado Springs, CO 80909 Directions Monday 8:30AM – 6:00PM Tuesday 8:30AM – 6:00PM Wednesday 8:30AM – 6:00PM Thursday 8:30AM – 6:00PM Friday 8:30AM – 6:00PM Saturday 9:00AM – 6:00PM Sunday By Appointment ## Have a question? Fill out the form below and a Sikora CPA representative will contact you within one business day. --- ## About URL: https://sikora-cpa.com/about/ ### Serving the Colorado Springs Area for over 25 years ### THE  HIGHEST RATED CPA  IN THE COLORADO SPRINGS AREA Sikora CPA has been serving Colorado Springs for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### Over 25 Years of Service We specialize in small businesses and individuals. Before Ms. Sikora became a CPA, she owned & operated her own small business for 12 years, and gained hands on experience to help with your finances and business. We are also multilingual. Our team speaks English, Chinese, Vietnamese, Taiwanese, Cantonese, and Korean. Feel comfortable being helped in your native language, by one of our many bilingual experts. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens...tax burdens happen...enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Audit Representation URL: https://sikora-cpa.com/services/audit-representation/ ### Audit Representation in the Colorado Springs Area ### THE  HIGHEST RATED CPA  IN THE COLORADO SPRINGS AREA Sikora CPA has been serving Colorado Springs for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Are you being audited by the IRS? An audit by the IRS can be overwhelming and frightening, but it doesn't have to be. Sikora CPA can represent you, communicate with the IRS on your behalf, prepare and file additional documents, give you tax advice, and even attend hearings or meetings on your behalf. Don't face the IRS alone. Sikora CPA is here to help. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Audit Representation - Arvada URL: https://sikora-cpa.com/services/audit-representation-arvada/ ### Audit Representation in the Arvada Area ### THE  HIGHEST RATED CPA IN THE ARVADA AREA Sikora CPA has been serving Arvada for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Are you being audited by the IRS? An audit by the IRS can be overwhelming and frightening, but it doesn't have to be. Sikora CPA can represent you, communicate with the IRS on your behalf, prepare and file additional documents, give you tax advice, and even attend hearings or meetings on your behalf. Don't face the IRS alone. Sikora CPA is here to help. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Audit Representation - Broomfield URL: https://sikora-cpa.com/services/audit-representation-broomfield/ ### Audit Representation in the Broomfield Area ### THE  HIGHEST RATED CPA IN THE BROOMFIELD AREA Sikora CPA has been serving Broomfield for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Are you being audited by the IRS? An audit by the IRS can be overwhelming and frightening, but it doesn't have to be. Sikora CPA can represent you, communicate with the IRS on your behalf, prepare and file additional documents, give you tax advice, and even attend hearings or meetings on your behalf. Don't face the IRS alone. Sikora CPA is here to help. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Audit Representation - Castle Rock URL: https://sikora-cpa.com/services/audit-representation-castle-rock/ ### Audit Representation in the Castle Rock Area ### THE  HIGHEST RATED CPA IN THE CASTLE ROCK AREA Sikora CPA has been serving Castle Rock for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Are you being audited by the IRS? An audit by the IRS can be overwhelming and frightening, but it doesn't have to be. Sikora CPA can represent you, communicate with the IRS on your behalf, prepare and file additional documents, give you tax advice, and even attend hearings or meetings on your behalf. Don't face the IRS alone. Sikora CPA is here to help. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Audit Representation - Centennial URL: https://sikora-cpa.com/services/audit-representation-centennial/ ### Audit Representation in the Centennial Area ### THE  HIGHEST RATED CPA IN THE CENTENNIAL AREA Sikora CPA has been serving Centennial for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Are you being audited by the IRS? An audit by the IRS can be overwhelming and frightening, but it doesn't have to be. Sikora CPA can represent you, communicate with the IRS on your behalf, prepare and file additional documents, give you tax advice, and even attend hearings or meetings on your behalf. Don't face the IRS alone. Sikora CPA is here to help. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Audit Representation - Commerce City URL: https://sikora-cpa.com/services/audit-representation-commerce-city/ ### Audit Representation in the Commerce City Area ### THE  HIGHEST RATED CPA IN THE COMMERCE CITY AREA Sikora CPA has been serving Commerce City for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Are you being audited by the IRS? An audit by the IRS can be overwhelming and frightening, but it doesn't have to be. Sikora CPA can represent you, communicate with the IRS on your behalf, prepare and file additional documents, give you tax advice, and even attend hearings or meetings on your behalf. Don't face the IRS alone. Sikora CPA is here to help. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Audit Representation - Northglenn URL: https://sikora-cpa.com/services/audit-representation-northglenn/ ### Audit Representation in the Northglenn Area ### THE  HIGHEST RATED CPA IN THE NORTHGLENN AREA Sikora CPA has been serving Northglenn for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### LET  SIKORA  GET YOU THE HELP THAT YOU DESERVE Are you being audited by the IRS? An audit by the IRS can be overwhelming and frightening, but it doesn't have to be. Sikora CPA can represent you, communicate with the IRS on your behalf, prepare and file additional documents, give you tax advice, and even attend hearings or meetings on your behalf. Don't face the IRS alone. Sikora CPA is here to help. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Jobs URL: https://sikora-cpa.com/jobs/ ### Looking for your next career move? Come work for us! ### We are currently seeking a ### Staffing Accountant and Seasonal Tax Preparer . If you are interested in one of the open positions, complete and submit the application below!Here's what you need to do: • Interested candidates can email their resume to cpa@sikoracpa.net • Include your contact information and a cover letter • Make the subject of the email: -- • • i.e. Seasonal Tax Preparer--John Smith --- ## Military Personnel Tax Returns URL: https://sikora-cpa.com/services/military-personnel-tax-returns/ ### Military Personnel Tax Returns ### The Highest Rated CPA in the Colorado Springs Area Sikora CPA has been serving Colorado Springs for over 25 years. We are the best reviewed CPA firm in the area and take our knowledge in savings and translate that to reliable financial services to help our individual clients maximize income and minimize taxes. ### Let Sikora get you the help that you deserve Tax accounting is not just numbers on a page; it effects your life in important ways. Without constant attentiveness, your financial and tax accountability can spiral out of control. As your wealth grows, so do your financial intricacies. As the top CPA firm in Colorado Springs, Sikora CPA finds solutions that let your wealth work for you, not against you. With a U.S. Army Veteran on the team, our extensive experience working with military personnel in Colorado Springs means that we know what to look for and how to protect your finances. There are a handful of important things that you need to know. We've broken them down below:If you receive combat pay, do not include it as taxable income on your tax return. Likewise, you should not pay income tax on allowances received for living and family expenses, uniforms, death expenditures, moving and travel costs, group-term life insurance and professional education. However, you do need to pay income tax on basic compensation, such as payment for training and active duty service, bonus and incentive money and student loan repayment from specific programs.If you travel more than 100 miles and stay overnight as a National Guard member or Armed Forces reservist, you can take a tax deduction – even if you do not itemize. The IRS allows you to deduct the amount you spend for work-related travel and lodging plus 50 percent of the cost of your meals. But, be sure to not deduct more for food and lodging expenses than the federal per diem rate for lodging and meals allows. The rates vary by state.The cost of any uniforms you purchase that are not suitable to wear off duty can be deducted with your miscellaneous itemized deductions. All uniform cleaning and maintenance is also tax deductible. However, unless the amount deducted is significant or you have included additional itemized deductions, you may not receive a tax benefit for this expense. You can only deduct the amount of expense that, if included with other miscellaneous itemized deductions, exceeds 2 percent of your adjusted gross income.Even though the military pays for basic moving costs, it’s not unusual to incur a few moving expenses that aren’t covered. In that instance, you can deduct any non-reimbursed moving expenses on your tax return without having to meet the distance or time requirements that are standard limitations for moving expense deductions. Any extra moving expenses are deducted as adjustments to income. You don’t need to itemize to take advantage of this tax break.Changing state residencies if you move frequently can be a huge pain. Not only is it a hassle to file tax returns for multiple states, but you may pay more state tax in one state versus another. Fortunately, if you move for military reasons, you can keep residency in your home state. This guideline applies to your spouse as well. If at any time you live in a state that collects income tax, but hold state residency in a state that does not, generally the new state can’t enforce the income tax. Additionally, if income tax is withheld from your paycheck, you have the ability to file a nonresident return with that state to receive a refund.Extra time to file your tax return may be allowed if you are stationed abroad or are in a combat zone during the tax filing season. When serving overseas, you automatically have longer to file your tax return without needing to file an extension. But, this extension is only until June 15. If you need more time, you should file for an extension which gives you until October 15 to submit your return. If you serve in a combat zone, the IRS grants you even more time to file your taxes. You have 180 days from either the date you return from the combat zone or from your last date of continuous hospitalization for injuries received while serving in a combat zone to file your return. The 180 days are in addition to the number of days you had left to file when you entered the combat zone. During this extension, no interest or penalties are charged to you. Keep in mind while extensions give you more time to file, any tax you owe must be paid by the regular due date of the return.If the survivors of a service member who died during active duty receive a $100,000 death gratuity, that amount is tax-free. In addition, if a service member dies while on duty in a combat zone or in support of a combat operation, the service member’s tax liabilities to the IRS are forgiven. This includes tax for the year of death and, potentially, any prior years.If you meet certain requirements, you may qualify for the foreign earned income and foreign housing exclusions and the foreign housing deduction. The tax professionals at Sikora CPA are trained and experienced at identifying these exclusions and deductions. If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude income up to an amount of your foreign earnings that is adjusted annually for inflation. In addition, you can exclude or deduct certain foreign housing amounts. You may also be entitled to exclude from income the value of meals and lodging provided to you by your employer.Foreign earned income does not include the following amounts: • Pay received as a military or civilian employee of the U.S. Government or any of its agencies • Pay for services conducted in international waters (not a foreign country) • Pay in specific combat zones, as designated by an Executive Order from the • President, that is excludable from income • Payments received after the end of the tax year following the year in which the services that earned the income were performed • The value of meals and lodging that are excluded from income because it was furnished for the convenience of the employer • Pension or annuity payments, including social security benefits A qualifying individual may claim the foreign earned income exclusion on foreign earned self-employment income. The excluded amount will reduce the individual’s regular income tax, but will not reduce the individual’s self-employment tax. Also, the foreign housing deduction – instead of a foreign housing exclusion – may be claimed.A qualifying individual claiming the foreign earned income exclusion, the housing exclusion, or both, must figure the tax on the remaining non-excluded income using the tax rates that would have applied had the individual not claimed the exclusions. To claim the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction, you must have foreign earned income, your tax home must be in a foreign country, and you must be one of the following: • A U.S. citizen who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, • A U.S. resident alien who is a citizen or national of a country with which the • United States has an income tax treaty in effect and who is a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year, or • A U.S. citizen or a U.S. resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months. Once you choose to exclude either foreign earned income or foreign housing costs, you cannot take a foreign tax credit for taxes on income you exclude. If you do take the foreign tax credit, one or both of the choices may be considered revoked. However, you can choose to take the foreign tax credit on any amount of foreign income which has not been excluded under the foreign earned income exclusion or the foreign housing exclusion. ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens…tax burdens happen…enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! --- ## Pricing URL: https://sikora-cpa.com/pricing/ ### Serving the Colorado Springs Area for over 25 years ### THE  HIGHEST RATED CPA  IN THE COLORADO SPRINGS AREA Sikora CPA has been serving Colorado Springs for over 25 years, establishing ourselves as the best-reviewed CPA firm in the area. We offer a comprehensive range of financial services, including tax preparation, bookkeeping, business formation, and payroll management. Our expertise allows us to provide reliable financial solutions tailored to both individuals and businesses, helping our clients optimize their financial positions, maximize income, and navigate complex tax situations efficiently. ## Basic Services ### Consultation January through May (tax season) $400 June through December $200 ### Bookkeeping Monthly $400 + Bi-Monthly $200 + Quarterly $300 + Annually $1,200 + ### Business Services Sales Tax/Personal Property Tax $100 Business Formation $500 Reporting (Initial/Annual) $100+ State Filing ### Payroll Services S-Corp Compliance, W2 Includes Income Tax Liability Estimation $300.00 / Quarter Account Setup/Closing/Transfer $330 - $425 Rate (1 employee) $80 Rate (2-5 employees) $100 Rate (6-10 employees) $200 ### S Corporation Services S Corp Election $200 Late Election - S Corp $200 ### Other Services Business Lender/Verifications $100 Client Support (Current Client Only) $30 ## Tax Information ### Personal Filing 1040 (Individual Return, Jointly, One Owner) $200 - $800 ### Business Tax Returns Form 1065, 1120, 1120S $600 - $1,200 Schedule C $400 - $700 Schedule E $400 - $600 ### S Corp Filing S Corporation Tax Return $600 - $1,200 ### Foreign Income Form 2555, 8938 $500 ### Trust Fund Trust Fund Filing $550 ### Military Returns 1040 (Individual Return, Jointly, One Owner) $200 - $800 ### Additional Services Extra Paper Copy $20 Digital Copy $20 ### WHAT OUR CLIENTS ARE SAYING … ## Get the financial help you deserve Life happens...tax burdens happen...enjoy life, we will conquer the rest. Sikora CPA has been providing reliable financial representation & advice in the Colorado Springs area for over 25 years. Contact us today and see how we can help! ---