Question 1

How do I get to your office?

Accepted Answer

From the North: Take Colorado Blvd South from I-70 approx 4.5 miles. Turn left onto Leetsdale for approx .5 miles. Turn right onto S. Cherry St. 425 S. Cherry St is the first tall building on your right just past Noodles & Company. If you miss Leetsdale and reach Alameda, you can still turn left and then turn right onto Leetsdale at the 2nd light. Then turn right at the 1st light which is S. Cherry St. 425 S. Cherry St is the first tall building on your right just past Noodles & Company. From the South: Take I-25 North and merge onto S. Colorado Blvd going North approx 2.5 miles. Turn right onto E. Alameda Ave .16 miles. Turn slight right onto Leetsdale (2nd light) .26 miles. Then turn right at the 1st light which is S. Cherry St. 425 S. Cherry St is the first tall building on your right just past Noodles & Company.

Question 2

What types of clients do you serve?

Accepted Answer

We work with individuals, families, startups, and established businesses across many industries in Denver and nationwide.

Question 3

Do you offer virtual consultations or services?

Accepted Answer

Yes, we offer both in-person and virtual services, including meetings via secure video and digital document sharing.

Question 4

Are your services available year-round or just during tax season?

Accepted Answer

We’re here year-round to support tax, accounting, planning, and advisory needs.

Question 5

What should I bring to my initial consultation?

Accepted Answer

Please bring previous tax returns, financial statements, entity formation documents, and a list of questions or concerns.

Question 6

How do you bill for your services?

Accepted Answer

We offer hourly and retainer-based pricing depending on the service. You’ll receive a clear estimate in advance.

Question 7

Is my financial and tax information kept confidential?

Accepted Answer

Absolutely. We maintain strict confidentiality protocols and secure all data in compliance with industry standards.

Question 8

How do I schedule an appointment?

Accepted Answer

Call or email to schedule your consultation.

Question 9

Can I work with you if I’m not located in Denver?

Accepted Answer

Yes, we work with clients across the country via remote tools and secure digital platforms.

Question 10

Can't locate your Tax Returns?

Accepted Answer

Make sure you are logged into the ShareFile Portal. There is a link on our home page that will take you directly to the correct portal. The Web Organizer portal is only for sending us the completed tax organizer or documents and does not contain your tax returns.

Question 11

Use the correct email address to log in.

Accepted Answer

If your email has changed, you'll need to log in first with the old email address and then you can change it once you've logged in.

Question 12

If you've forgotten your password, what should you do?

Accepted Answer

Click on the Forgot Password link and a temporary password will be sent to you.

Question 13

What’s included in your tax preparation services?

Accepted Answer

We prepare and file federal, state, and local income tax returns for individuals, businesses, estates, and trusts.

Question 14

How can you help me reduce my tax liability?

Accepted Answer

Through proactive tax planning, we identify strategies to lower your tax burden legally and efficiently.

Question 15

What documents do I need to prepare my taxes?

Accepted Answer

We will provide a list of items along with our tax organizer to assist you in gathering the items you need. Popular documents include W-2s, 1099s, investment and mortgage statements, charitable donations, and business expense records.

Question 16

Can you file multi-state or out-of-state tax returns?

Accepted Answer

Yes. We handle complex multi-state filings for individuals and businesses.

Question 17

Do you assist with estimated tax payments for self-employed individuals?

Accepted Answer

Yes. We help calculate quarterly payments and provide reminders to stay compliant.

Question 18

How often should I meet with you for tax planning?

Accepted Answer

It varies depending on each situation. At least annually, or more often if you experience major life or financial changes.

Question 19

What’s the difference between tax planning and tax preparation?

Accepted Answer

Preparation is the process of filing returns; planning is the strategic work done year-round to reduce taxes.

Question 20

What’s involved in estate and trust tax preparation?

Accepted Answer

We prepare fiduciary tax returns and collaborate with attorneys to ensure proper reporting and compliance.

Question 21

Do you provide estate planning services directly or work with attorneys?

Accepted Answer

We focus on the financial and tax components and coordinate with legal professionals as needed.

Question 22

How can you help me with retirement planning?

Accepted Answer

We create a roadmap for your retirement, covering savings, investments, tax strategies, and income planning.

Question 23

What’s the benefit of having a CPA involved in estate planning?

Accepted Answer

A CPA ensures tax efficiency and compliance while helping structure your legacy goals.

Question 24

Can you help manage trust accounting throughout the year?

Accepted Answer

Yes. We offer ongoing support for trustees to maintain proper records and reporting.

Question 25

What’s your approach to long-term financial planning?

Accepted Answer

We assess your goals, cash flow, and assets to build a personalized, adaptable plan.

Question 26

Are you fiduciaries in financial planning?

Accepted Answer

We offer objective advice and coordinate with fiduciary advisors, but do not sell financial products.

Question 27

What’s the difference between bookkeeping and accounting services?

Accepted Answer

Bookkeeping is daily data entry and reconciliation; accounting is the analysis and reporting of that information.

Question 28

What are reviews and compilations?

Accepted Answer

Compilations organize financial data without assurance; reviews provide limited assurance through analytical review.

Question 29

How often should bookkeeping be done?

Accepted Answer

Monthly is best to maintain accuracy, ensure timely tax filings, and monitor cash flow.

Question 30

Do you work with startups and small businesses?

Accepted Answer

Yes. We specialize in scalable solutions tailored to entrepreneurs and growing businesses.

Question 31

Can you clean up my existing bookkeeping mess?

Accepted Answer

Yes. We offer bookkeeping services to fix inaccuracies and get you back on track.

Question 32

Should I lease or buy a new business vehicle?

Accepted Answer

As with most decisions in life, taxes should only be one of the considerations. Here are a few of the non-tax considerations on buying or leasing a business vehicle: Number of miles you drive each year: leased cars often charge extra fees for miles driven over 10,000 or 12,000/year; How long you keep a car: do you get a new car every 3-4 years or keep it until its junk?; How much do you want to spend on your monthly payments: lease payments are usually quite a bit less than monthly payments on a car loan. Now let's talk about the tax benefits for the self-employed taxpayer and his or her car used for business. With both purchased and leased cars, you can deduct the related expenses by using the standard mileage rate or actual expenses. Note: If you own the vehicle, you can choose the standard mileage rate in the first year and switch to the actual expense method in a later year if it becomes more favorable. If you lease a vehicle, you may also choose the standard mileage rate in the first year, but once you use the standard mileage rate you must use it for the life of the lease. With the standard mileage rate, your business mile deduction will be based on 53.5 cents per mile for 2017 (down from 54 cents in 2016). You can also deduct business related parking fees and tolls. For the purchased vehicle, you may also be able to deduct a portion of the interest on your car loan. Under the actual expense rules, for both leased and purchased vehicles, you can deduct the business percentage of your gasoline, oil, insurance, garage rent, parking & registration fees, lease or rental fees, repairs, tires, loan interest, etc. Purchased vs. Leased Vehicle Expenses Some expenses differ between purchased and leased vehicles using the actual expense rules. Because you don't own a leased vehicle, you can't depreciate it. But you can deduct the business percentage of your lease payments. So if your yearly lease payment is $4,200 ($350/month) and your business use percentage is 80%, you may be able to deduct $3,360 on your tax return for that year. There is one hitch. Since the tax code limits the depreciation on "luxury" cars, it also limits (to a very small degree) lease payments on such a car. It's called a "lease inclusion amount" and it reduces the deductible lease payments. The higher the original value of the car, the greater the amount. As the price goes up on the car, leasing usually becomes more preferable. But don't forget if you purchased the vehicle, you can also deduct the interest on the vehicle's loan based on the percentage of business use. If you purchased a car this year to transport passengers for self-employment jobs like Uber and Lyft and you bought a sports utility vehicle, you may be able to deduct up to $25,000 of the cost of the vehicle if you use it more than 50% for your business. If you purchased a car for your business you may also be able to deduct up to the depreciation deduction allowed if your business use is more than 50%. There is one more difference between buying and leasing a business vehicle. That difference is the disposition of the vehicle. When you dispose of a business vehicle that you own, there may be taxable gain or deductible loss. The portion of any gain that is due to depreciation will be taxed as ordinary income. When you return your leased car to the dealer, there is no taxable gain or loss.

Question 33

Can you help with starting a new business?

Accepted Answer

Yes. We assist with choosing a business entity, tax registrations, and setting up accounting systems.

Question 34

What’s involved in business succession planning?

Accepted Answer

We design custom succession strategies to transfer ownership smoothly and tax-efficiently.

Question 35

What’s the best business entity for tax purposes?

Accepted Answer

It depends on liability, income, and goals. We assess your situation to recommend the best fit—LLC, S Corp, etc.

Question 36

What records do I need to sell my business?

Accepted Answer

Financial statements, tax returns, contracts, asset inventories, and client/customer documentation.

Question 37

What should I consider when exiting my business?

Accepted Answer

Tax impact, buyer preparation, succession goals, and timing. We help create a comprehensive exit plan.

Question 38

Do you offer QuickBooks training?

Accepted Answer

Yes. We provide hands-on, personalized training for individuals and teams.

Question 39

Can you help me transition to cloud-based accounting?

Accepted Answer

Absolutely. We guide setup and data migration to QuickBooks Online and other platforms.

Question 40

Which version of QuickBooks is best for my business?

Accepted Answer

It depends on your needs. We evaluate your operations to recommend QuickBooks Online or industry-specific versions.

Question 41

Do you offer ongoing QuickBooks support?

Accepted Answer

Yes. From troubleshooting to report customization, we’re available year-round.

Question 42

Can you help with QuickBooks setup?

Accepted Answer

Yes. We ensure your system is configured correctly from day one, including chart of accounts and payroll integration.

Question 43

How can accounting software help me save money?

Accepted Answer

It automates processes, reduces errors, improves visibility, and supports better decision-making.

Question 44

Does my HSA provide dental coverage?

Accepted Answer

Distributions from an HSA to cover an eligible individual's qualified medical expenses, or those of his spouse or dependents, are not taxed. Qualified medical expenses for these purposes generally mean those that would qualify for the medical expense itemized deduction. If funds are withdrawn from the HSA for other reasons, the withdrawal is taxable. Additionally, an extra 20% tax will apply to the withdrawal, unless it is made after reaching age 65, or in the event of death or disability. Qualified Medical Deductions: Transportation includes taxi fares, public transportation, or the cost of using your own car calculated at 17¢ a mile for 2017 plus tolls and parking. Therapists, nurses, and certain long-term care services qualify. Eyeglasses, hearing aids, dental work, psychotherapy, prescription drugs qualify, but purely cosmetic expenses and illegal treatments do not. Smoking-cessation programs and prescribed drugs designed to alleviate nicotine withdrawal are deductible. Weight-loss programs prescribed for disease treatment are deductible but not low-calorie foods. Medical costs for dependents and certain others may be deductible. For questions, call (303) 322-8771.

Question 45

When should I start taking my Social Security?

Accepted Answer

Every individual must decide when is the best time to start withdrawing their social security based on their specific circumstances. Check out this great tool to assist you in determining your optimal age to receive your social security benefits.

FAQs

General Questions

1. How do I get to your office?

2. What types of clients do you serve?

3. Do you offer virtual consultations or services?

4. Are your services available year-round or just during tax season?

5. What should I bring to my initial consultation?

6. How do you bill for your services?

7. Is my financial and tax information kept confidential?

8. How do I schedule an appointment?

9. Can I work with you if I’m not located in Denver?

Tax Services & Planning

10. Can't locate your Tax Returns?

11. Use the correct email address to log in.

12. If you've forgotten your password, what should you do?

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Jackson, Doerksen & McPeters, LLC.
Certified Public Accountants