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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

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Posted in Colorado Department of Revenue, Colorado Income Tax, Sales Tax, Uncategorized, Use Tax

Heavy Highway Vehicle Use Tax Return (IRS Form 2290) Deadline Extended Until 11/3011

The Internal Revenue Service advised truckers and other owners of heavy highway vehicles that their next federal highway use tax return, usually due Aug. 31, will instead be due on Nov. 30, 2011. In general, the highway use tax applies

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Posted in Highway Tax, Tax Guidance & Preparation, Use Tax

Colorado Vendor’s Fee Reinstated at 2.22%

The Colorado state Vendor's Fee also known as the sales tax Service Fee has been restored at 2.22%. The fee may be claimed on timely filed and paid Colorado sales tax returns submitted on or after July 1, 2011 beginning with

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Posted in Colorado Department of Revenue, Sales Tax, Use Tax

Colorado Now Assessing Sales Tax of 1.4% on Prepaid Wireless Telecommunication Services

Hmmm..... Leave it to Colorado to slide this tax in ....... It is common knowledge that for the most part people purchasing prepaid wireless services tend to be socioeconomically challenged to begin with, so lets keep taxing them, keep kicking

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Posted in Colorado Department of Revenue, Use Tax

New Colorado Sales, Use, Withholding tax accounting system

The Colorado Department of Revenue is developing the next phase of our new accounting system which includes sales, use and wage withholding taxes. They will begin to use the new system when we process September 2010 filing period returns, which

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Posted in Colorado Department of Revenue, Sales Tax, Use Tax

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’s budget. The legislation has no effect on items that are either currently taxable or

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Posted in Colorado Department of Revenue, Sales Tax, Use Tax
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