1-800Accountant, America’s leading virtual accounting firm for small businesses, manages all of your complex bookkeeping and accounting tasks with comprehensive end-to-end services designed to support and enhance your small business in Colorado.
Business Tax Preparation: Get your taxes expertly prepared and filed by a CPA experienced in your industry so you're always secure about your business tax situation. Our CPAs, with more than 17 years of experience on average, can save your business thousands annually when you entrust the intricacies of Colorado tax preparation to them!
Bookkeeping: Strengthen your financial foundation and manage cash flow with meticulous, error-free bookkeeping done for you that saves time and provides critical data-driven insights. This detailed approach offers the best tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop essential financial models.
Tax Advisory: Business tax considerations don't end in April. Through our affordable tax advisory service, you can receive the guidance you need when you need it year-round from a dedicated small business CPA. Strategic planning helps minimize your business tax liability in Colorado throughout the year while ensuring compliance.
Payroll: Save numerous hours each payroll period with our comprehensive payroll services handled on your behalf with regular tax submissions to the state of Colorado. This ensures accuracy and allows you to focus on other vital areas of your business.
Business Formation: Experience the benefits of officially establishing your business in Colorado with our complimentary incorporation service. You only cover the state fees, and we manage the rest. Officially establishing your business puts you on a path to hire employees, open a business bank account, and enjoy an optimized tax structure and maximum tax savings.
Colorado Corporate Tax Rates and Brackets
Corporate Tax Rate | Corporate Tax Bracket |
---|---|
4.40% | $0 |
When Do You Have to File Business Tax Returns in Colorado?
Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
---|---|---|
The 15th day of the fourth month following the close of the taxable year | The 15th day of the fourth month following the close of the taxable year | The 15th day of the fourth month following the close of the taxable year |
LLC Renewal Dates and Fees in Colorado
How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
---|---|---|
Annually | $50 | $10 |
Single Filers - Colorado Tax Rates and Brackets
Single Filer Rates | Single Filer Brackets |
---|---|
4.40% | $0 |
Single Filers - Colorado Exemptions and Deductions
Standard Deduction (Single) | Personal Exemption (Single) |
---|---|
$14,600 | n.a. |
Married Filing Jointly - Colorado Tax Rates and Brackets
Married Filing Jointly Rates | Married Filing Jointly Brackets |
---|---|
4.40% | $0 |
Married Filing Jointly - Colorado Exemptions and Deductions
Standard Deduction (Couple) | Personal Exemption (Couple) |
---|---|
$29,200 | n.a. |
When choosing an accountant or bookkeeper for your Colorado small business, you should consider these factors:
Knowledge of Colorado Tax Laws: Ensure the financial professional is well-versed in Colorado-specific tax regulations, such as sales taxes, which can vary widely between jurisdictions within the state, and the unique aspects of Colorado income tax.
Experience with Local Business Incentives: Choose an accountant who is familiar with state and local incentives available to your business in Colorado, such as the Enterprise Zone Tax Credits or the Job Growth Incentive Tax Credit, which can significantly impact your business's financial planning and tax liabilities.
Expertise in Key Local Industries: Given the importance of technology, aerospace, and tourism industries in Colorado, it's beneficial to work with an accountant who has experience in these areas and understands their specific financial and regulatory environments.
Capabilities in Sustainable Business Practices: If you're engaged in environmental or sustainable business practices, an accountant who can navigate green incentives and understands environmental impact reporting could be particularly valuable, aligning with Colorado's progressive stance on environmental issues.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.