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have a tax professional take a look at your return before filing to be sure it is ready to file.

Did you space out on the April 15 tax filing deadline? If you owe, file now to avoid increased late fees and penalties. Find out more at the website: https://ow.ly/IAPK50YQJ4Z

IRS statistics from the first two weeks of the filing season indicate that taxpayers are seeing bigger refunds on average versus a year ago, but observers caution the trend could shift as more returns are processed.

The average refund amount through the week ending February 13 was $2,476, which is 14.2 percent higher than refunds at the same time last year, according to a batch of filing season statistics released by the IRS February 20.

The increase, while reflective of only two weeks of filings, is “broadly consistent with expectations that refunds in the aggregate — and on average — will be larger this year than in recent years” because of the various tax changes under the One Big Beautiful Big Act (P.L. 119-21), including new deductions for tips and overtime, according to Andrew Lautz of the Bipartisan Policy Center.

Read more in Tax Notes: https://taxnotes.co/3OuV8oy

Find out if a new business trade or legal name is available in . File documents to keep your existing business active.

The Colorado Secretary of State’s office provides several important resources for Colorado Business Owners! From registrations to trademarks, visit ColoradoSOS.gov for more information.