Colorado Year End Tax Update: Focus on USE TAX – 50 Points of Light

It is that time of year again where we work ourselves into a tizzy finishing off the year “strong” and simultaneously enduring another holiday season whilst purportedly planning for a new year. YIKES! With internet sales exploding it is a good idea to review each transaction you make to know if sales tax is being…

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Colorado Sales/Use tax exemptions eliminated/suspended

Recent legislative changes have eliminated the state sales and use tax exemption for certain items. These changes were developed by state lawmakers to help balance Colorado‚Äôs budget. The legislation has no effect on items that are either currently taxable or exempt from sales/use tax by local governments and local districts. All businesses that have Colorado…

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