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Tax Planning

Coet2 CPAs PC specializes in tax planning and tax preparation in the Denver, Colorado Metro area
Coet2 CPAs PC specializes in tax planning and tax preparation in the Denver, Colorado Metro area

Tax law revisions have complicated rather than simplified the taxation process. We understand the system and stay abreast of changes.

  • Deferred compensation - 401Ks, SIMPLES, and SAR-SEPs - are a great tax break for employees. Establishing such plans' contributions as a percentage of income (as opposed to a flat dollar amount per pay period) guarantees that contributions will rise as income increases.
  • Transitions/change in status - marriage, remarriage, divorce or retirement all require a review of income tax consequences.
  • Downsized employees - must review the tax consequences of positions as independent contractors. For more information, download the following (PDF file): Tax and Financial Issues Related to Loss of Employment
  • Business Property Depreciation - Generally, businesses can elect to deduct the cost of qualifying property in the year it is placed into service. However, keep in mind that this "immediate expensing" deduction is limited to certain depreciable property in the business.

If you have a specific tax-planning question you would like us to research contact us.