Key Business Solutions

Quickbooks desktop payroll is having issues with their direct deposit. Payroll will lock up or error out. The entire system is down and the updates to QBs are not working either.

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New tax coming to Colorado July 1 2022

Retail Delivery Fee (RDF)

Do you sell taxable items that will be delivered by a motor vehicle to a location in Colorado
(including deliveries made by a third-party)?

If the answer is yes, this impacts you!

You will be required to charge, collect, and remit a new fee to the Colorado Department of Revenue (CDOR).

Highlights
Begins July 1, 2022
Applies to all retail sales delivered by a motor vehicle to a location in Colorado
Includes third-party deliveries
$0.27 per retail sale for delivery
Charged to the purchaser
Collected by the retailer and remitted to CDOR
Follows sales tax filing frequencies and due dates

NONPROFITS: Completing this survey will help the State of Colorado, foundations and others wanting to assist you through this crisis, especially to find the gaps of need not being met.

Downtown Colorado Inc. (DCI) just posted on Polco to get input, feedback, and ideas. COVID-19 NON-PROFIT Business Support Organization (NP BSA) Response Survey. Visit Polco now to respond and share your thoughts.

Don’t forget to update your invoicing system.

Colorado’s new sales tax regulations have delayed enforcement until May 31, 2019.

I know many of my clients have been struggling with the new sales tax regulations, the burden on business owners is enormous. There are 683 tax rates in Colorado and within each zip code there are different rates. In addition there are 71 home ruled cities with different regulations. Many business owners are discussing if they want to cut back on their service areas or even sell their business. There is discussion of pushing for a single tax rate for the entire state, I can see many pros and cons with going that direction but for business owners it could be a saving grace.

Remember, this delay of enforcement is NOT a change in the requirement, the state is trying to give business owners more time to work out compliance. Also, this delay is NOT the City of Alamosa or any other home ruled city, they have their own regulations.

For more information you can read this article:
https://www.google.com/amp/s/www.denverpost.com/2018/12/06/colorado-delays-new-online-sales-tax/amp/