Big Hearts, Clear Missions Running a nonprofit in Colorado usually starts with a big heart and a clear mission. It does not usually start with dreams of spreadsheets, compliance rules, or reconciling donation reports at 9 p.m. after an event. And yet, that is often where we find ourselves. At Momentum Tax, we work closely...
Tag: Tax Strategy
Still in the Air: Celebrating 10 Years of Momentum
We recently celebrated Momentum’s 10-year anniversary — and what a ride it’s been. Looking back, I’m filled with gratitude. Over the years, we’ve been surrounded by incredible people — our team, our clients, our friends, and our families — who’ve helped build something worth celebrating: ten years of growth, collaboration, and momentum that just keeps...
It’s Half-Time, Baby: Time for a Mid-Year Financial Checkup
Let’s call it like it is—most people think about taxes once a year… when it’s already too late to change the outcome. But the real money-movers? The smart ones? They know the secret sauce is in the mid-year review. Right now—smack in the middle of the calendar year—is your golden window to take control of...
Adjusting Withholding Mid-year to Get Your “Refund” Early
Does your personal tax season unfold the same way every year? April 15th approaches, and suddenly, there’s a scramble to gather receipts, fill out forms, and hit submit, hoping for a nice chunk of change from Uncle Sam. But what if you need cash now, instead of a lump sum later? But what if there...
Advantages of Hiring Your Kids During the Summer to Lower Tax Liability
Summer! A time for carefree days, barbecues, and…tax benefits? For many business owners, summer can be a double-edged sword. The freedom from school and university schedules offers flexibility for families. But finding activities at the right price point that keep young people engaged can be challenging. While summer jobs used to be the norm, it’s...
Tax Credits for Energy-Efficient Home Improvements
Feeling the pinch of energy bills? You’re not alone. Around the world, people are seeking solutions to combat rising energy costs. One popular strategy is investing in energy-efficient home improvements. While these upgrades can lead to big savings, they can also make your home more comfortable. Not to mention the environmental benefits we’ll all enjoy...
How to Evaluate Tax Planning Services
In the world of personal and business finance, few things are as critical to the financial equation as tax planning services. Whether you are an individual looking to optimize your tax liability or a business working to navigate the complexities of tax regulations, the right tax planning strategy can make a world of difference for...
Understanding Famli Tax in Colorado
The FAMLI Tax in Colorado is paving the way for a new generation of success. It’s crucial to have a job that enables individuals to prioritize their well-being and their loved ones. A job that allows individuals to strike a healthy work-life balance ensures that they can devote ample attention to their personal needs and...
How to Implement Strong Tax Strategies for Business Owners
As a business owner, one of your responsibilities is to manage your tax obligations but implementing tax strategies for business owners can be overwhelming. However, with the help of tax planning, you can implement strong tax strategies. Implementing Tax Strategies for Business Owners Requires a Tax Plan Tax planning is a crucial aspect of managing...
R&D Tax Credit 2022: What You Need to Know Before Filing
As a business owner, you know how important it is to keep your expenses as low as possible while maximizing profits. One way to do this is by leveraging tax credits. The Research and Development (R&D) Tax Credit is a federal incentive that allows businesses to receive a tax credit for certain expenses related to...
