We are here for you.

How tax deferrals impact you. 

The U.S. Treasury Department and Internal Revenue Service (IRS) have delayed the deadline to file and pay federal tax payments until July 15, 2020. However, caveats apply and taxes owed at the local and state levels may vary. 

We are ready to assist you in understanding how these changes impact your tax scenario. Give your CPA a call or email to learn more. Or tune in to upcoming webinars – please see below for the latest information. 

 

Families First and Business recovery planning. 

Your team at SKR+CO is closely monitoring business recovery resources as they become available, as well as posting resource links and guides below.

There are a lot of moving parts in these unprecedented times. We’re here for you to figure out what makes sense for you, your business and your employees.  

 

SKR+CO Operations 

We are open for business, virtually! 

We are doing our part to slow the spread. With the exception of a few staff to process mail, our staff is working remotely. We are available during regular business hours to virtually serve you. If you need to deliver information to us or just want to talk something through, please call the front desk to be connected with your CPA or send an email.  

We’re in this together. Please see below for more details on our operations during this time. 

SKR+CO Webinar Series

Stockman Kast Ryan + Co is hosting a complimentary webinar series. Our goal is to provide insight, reassurance and guidance on key developments surrounding unplanned closures and business disruptions, particularly as they relate to business taxation, accounting and business advising.  Each webinar has unique access information, thus requiring participants to register for each webinar separately. *Information is subject to change, ask your trusted advisor for clarifications.*

SBA Guidance on PPP Loan Forgiveness

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The SBA released their first round of final guidance on how the PPP loan forgiveness program will work, further clarifying common questions loan recipients have been asking. Tune in for the latest information presented by Jordan Empey, CPA.

 

Received Your PPP Loan, Now What?

You received a PPP loan, now what do you need to know about tracking expenses, loan forgiveness, cash flow and new tax deadlines.

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Planning for PPP Forgiveness + Self-Employed Applications

The first round of PPP loans have been issued and the eight-week count-down has begun. This webinar will discuss important planning approaches to budgeting and tracking for loan forgiveness, as well as discuss the Self-Employment PPP applications

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PPP Forgiveness Overview Presented by Central Bank & Trust

This webinar will review the information currently available regarding forgiveness of the Paycheck Protection Program loans. We will have area experts in banking (Tony Leveque, Central Bank & Trust), accounting (Jordan Empey, SKR+CO) and law (Bo Anderson, SBBO Law) on our panel to help answer any questions you might have regarding how forgiveness works.

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Business Recovery, Cash Flow + Financial Analysis

Tying it all together: taxation, cash flow projections and financial analysis are essential components in business recovery efforts. Join this webinar to learn more on how to protect your business during an active recovery stage and prepare for the future.

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The CARES Act

Phase Three of the congressional response to COIVID-19, The CARES Act is a $2+ trillion relief effort that include immediate cash relief for individual citizens; a broad lending program for small business; and, targeted relief for hard-hit industries.

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COVID Relief for COS Downtown Restaurant, Service + Retail Businesses​

Downtown Partnership and SKR+CO will cover important federal and local COVID-19 relief options for businesses. This webinar will focus on the unique needs of restaurants, bars, salons, retail and other small businesses impacted by stay-at-home orders and business interruptions.

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SBA Comparison Options

Questionnaire

Analysis

Families First + Paycheck Protection Program 

The Families First Coronavirus Response Act (H.R. 6201), became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands family and medical leave, enhances unemployment insurance, expands food security initiatives, and increases federal Medicaid funding.

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SKR+CO Webinar Series Tax Planning for 7/15 Deadline + Estimate Payments

What does a new tax deadline* mean for companies facing business interruption, loss in revenue, production shortages and labor concerns? Join this webinar to learn important tax planning options for businesses, new estimated tax payment strategies and how deadline changes may impact your bottom line.

*Due to the Coronavirus pandemic, July 15, 2020 is the new deadline for 2019 federal income tax filings and payments that would otherwise by due April 15, 2020. The new deadline also applies to 2020 first quarter federal estimated income tax payments normally due on April 15, 2020. State deadlines vary by state.

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Tax Deadline Updates

Your SKR+CO team is monitoring the developing tax deadline updates. We will share updates here as they become available. Last updated 4/13/20.

  • Federal income tax payment deferrals include 2019 tax payments owed, as well as 2020 first and second quarter estimated federal  income tax payments.
  • The IRS is will continue to process in order to release funds back to taxpayers.
  • IRS: Filing and Payment Deadlines Q&A
  • State taxes vary. Colorado officials said they will mirror the IRS guidance.
  • See the American Institute of CPA's (AICPA)'s state-by-state guide for more state information.
  • The IRS has issued guidance (Notice 2020-18) changing the April 15 filing deadline to July 15, 2020. This removes the requirement to file for an extension if returns are filed by July 15, 2020.
  • We are working diligently toward these deadlines.
  • Taxation Division Return Due Date Schedule

SKR+CO Operations

In an abundance of caution, please avoid unnecessary trips to the SKR+CO office.
If you must hand deliver documents, a secure drop box is available on the 3rd floor of our office building.
Please use an envelope, clips or rubber bands to keep your documents organized. This is available and monitored M-F, 8 to 5 p.m.

 

719.630.1186

 

  • We are working remotely and are available by phone, video conference and email.
  • For the health and well-being of our staff, access to the 4th floor will only be available to SKR+CO essential personnel and in-person meetings are cancelled.
  • We want to inform you of the latest information. Please don't hesitate to call or email questions.
  • Documents will be distributed electronically whenever possible.
  • We will update this page as new information becomes available.
  • A limited number of employees will be at the office to receive documents. and process USPS mail.
  • We encourage the use of our secure email and client portal.

SKR+CO Portal

Use the login below to access your SKR+CO Portal. This is the best way to securely exchange documents with your trusted advisor.

Send Secure Email

Send us information using our secure email tool.

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