IRS Tax Notice Alert

As you have likely heard about in recent news, budget cuts have drastically affected the efficiency of the Internal Revenue Service over the past year. State departments of revenue are in similar or worse financial situations. We wanted to make you aware of a few trends we have seen during 2015. An increase in tax…

Tax Implications of a VRBO

As Colorado CPAs, we often see our clients converting residential rental properties into short term rentals (also known as “vacation rentals”) for periods of less than 30 days. Commonly, these properties are located in resort areas, of which we have many in Colorado. Increasingly, we see two other property categories emerging as candidates for this…

Gambling with your tax liability – A message to retirees

Gambling is always risky. The house usually wins, but if you are a person receiving social security who gambles on a regular basis, you are even more certain to lose. Larger winnings, amounts over $600 is the lowest threshold, you will be required to complete forms to provide your name, address and social security number…

Virtual Career Fair – Our Experience

At Clearpath Accountants we embrace technology and the new opportunities that it creates. Because our business model allows our staff to work from anywhere with a secure internet connection, what better way to look for talent than a “virtual career fair”?What is a virtual career fair, you ask? Well, we set up our virtual booth…

Should You Buy Into A Franchise?  

Are you considering buying a franchise to become or expand your business? As Denver accountants and CPAs, we have seen and worked with a number of businesses and franchisees in Colorado. After serving this market over the years, we have a few tips for you to consider as you weigh your options over becoming a…

4 Things Your CPA Wishes You Knew

  Your accountant is like your physician for your finances. He or she can only do so much with things that have already occurred, but when consulted about future events (i.e. “I’m thinking of running a marathon next year – is there anything I should be concerned about?”), they may have helpful advice that may…

5 Things Your CPA Wants To Tell You But Won’t…

If you own a business, you already know what an asset a good CPA can be when dealing with tax issues. However, your CPA’s experience and expertise covers more than just tax issues. Think about it: He or she deals with business financial issues all day, every day, and his or her clients range from…

Improving Your Personal Financial Literacy

We send our children to school to learn to read, write and learn arithmetic, but many students graduate with very little financial literacy. These students become undereducated adults specifically in the area of financial literacy. This can be everything from not knowing how to balance a checkbook, compare prices, manage a budget, understand credit, savings…

ClearPath’s Victor A. Amaya Quoted in Denver Post Article

Victor was quoted in the Denver Post on Monday in an article on IRA basics. The article discussed the IRA and the variety of options available, which differs from the typical 401(k) plan offered at many people’s workplace. You can read the full article here.http://ow.ly/Ks8vb

How do I shift my business culture?

Any small business owner who has had to write a business plan understands there are a number of components that make a business successful. Usually, these businesses start with an entrepreneurial dream and, as the business grows, the systems start to fall into place. However, there has to be a strategy behind them or the…