Miller Verchota, Inc. - Colorado Springs

10/23/2026

📢 IRS Expands Business Tax Account Features! 💻

Business owners, did you know the IRS has an online tool to help you manage your federal business tax information?

The IRS continues to expand its Business Tax Account, making it easier for eligible business owners to access important tax information without having to call or wait for mailed notices.

With the latest updates, eligible users can:

✅ View tax balances and payment history

✅ Make federal tax payments online

✅ Access IRS notices and tax records

✅ Download EIN verification letters (CP 575), when available

✅ View payment plan information

✅ Manage authorized users and account access

💡 Why does this matter? Having easier access to your business tax information can save time, simplify recordkeeping, and help you stay on top of your tax obligations!

🔗 Explore the IRS Business Tax Account here:
https://www.irs.gov/businesses/business-tax-account

At Miller Verchota, Inc., we're here to help you navigate your business tax needs with confidence!

Make payments, view tax records, get notices and more with Business Tax Account. What you can do depends on your role in the business.

10/14/2026

📢 Good News for Colorado Employers and Employees!

Colorado's Family and Medical Leave Insurance (FAMLI) program has announced a reduction in premium rates! 🎉

This is welcome news for Colorado businesses and employees who contribute to the state's paid family and medical leave program.

💼 What does this mean for employers?

A lower premium rate means reduced payroll-related costs for employers and smaller FAMLI deductions for employees.

✅ Employers should review their payroll settings to ensure the updated rate is applied when it takes effect.

At Miller Verchota, Inc., we're here to help Colorado business owners stay informed, compliant, and prepared for payroll changes.

📖 Read the official announcement from the Colorado Department of Labor and Employment:

https://cdle.colorado.gov/press-releases/press-release-colorados-family-and-medical-leave-insurance-famli-announces-lower

2027 premium rate will drop to 0.86% to support Colorado families and businesses.

10/07/2026

We’d love your nomination!

It’s time for The Best of the Springs, and we would be so grateful for your support!

Please help nominate us in the following categories:

✨ Accounting Firm
✨ Tax Preparer
✨ Woman-Owned Business

Your nomination means so much to our team and helps recognize the work we’re proud to do for our clients and community.

👉 Visit TheBestOfTheSprings.com to nominate us!

Thank you for supporting our local, woman-owned business! Every nomination counts, and we truly appreciate you!

08/21/2026

📢 Colorado Tax Credit Update for Families

An important change is coming for Colorado families in 2026.

The Family Affordability Tax Credit (FATC), which provided an additional refundable state tax credit to qualifying families with children, will not be available for the 2026 tax year.

The Colorado Child Tax Credit is still available — this change specifically affects the additional Family Affordability Tax Credit.

If you received the Family Affordability Tax Credit in the past, keep in mind that this change could impact your 2026 Colorado tax return and potentially the refund you’re accustomed to receiving.

Tax laws and credits can change from year to year, and we’re here to help you understand what those changes mean for you and your family.

🔗 Learn more directly from the Colorado Department of Revenue:
https://tax.colorado.gov/colorado-child-tax-credit

The State must temporarily pause the Family Affordability Tax Credit for tax year 2026 (filed in 2027). The tax credit is turned off in years where revenue projections fall below a threshold growth rate and resumes when projections anticipate revenues will exceed that rate. The credit was turned off...

08/11/2026

📢 **Important Update for Small Business Owners: FinCEN Ends BOI Reporting Requirements for U.S. Companies**

The U.S. Department of the Treasury announced today that FinCEN has issued a final rule **permanently removing Beneficial Ownership Information (BOI) reporting requirements for U.S. companies and U.S. persons** under the Corporate Transparency Act.

The final rule also provides that FinCEN will **delete previously reported information for U.S. persons who are now exempt** from the reporting requirements.

What does this mean for most U.S. small businesses? The BOI filing requirement that generated significant attention over the past few years has now been permanently eliminated.

Certain **foreign entities registered to do business in the United States remain subject to BOI reporting requirements**, so the rules have not disappeared entirely.

👉 Read the full announcement from the U.S. Treasury:
https://home.treasury.gov/news/press-releases/sb0603

As always, businesses should review how regulatory changes apply to their specific circumstances.

Will Delete Information Previously Reported by U.S. PersonsWASHINGTON––Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issuing a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership ...

07/24/2026

Last week, the Miller Verchota team had the opportunity to support the ProRodeo Hall of Fame & Museum of the American Cowboy at their 38th Annual Golf Tournament.

We traded our computers and calculators for a day on the golf course, all in support of a great cause!

The funds raised will help further develop the museum's website, including accessibility enhancements that allow visitors with vision disabilities to have the site's content read aloud. It's an important step toward making the rich history of rodeo and the American cowboy more accessible to everyone.

We're proud to support organizations that make a positive impact in our local community and beyond.

A big thank you to the ProRodeo Hall of Fame for hosting such a fantastic event—we had a wonderful time and look forward to supporting your mission in the future!

07/20/2026

🚨 Consider this your IRS push notification.

The standard mileage rate just got an upgrade due to rising fuel costs!

Effective July 1, 2026:
🚗 Business: 76¢ per mile (up from 72.5¢)
🏥 Medical & Moving: 23.5¢ per mile (up from 20.5¢)
❤️ Charitable: 14¢ per mile (unchanged)

If you use your personal vehicle for business, be sure to update your mileage tracking and reimbursement rates to reflect the new IRS guidance.

Questions about mileage deductions? The team at Miller Verchota is here to help!

Read the official IRS announcement: https://www.irs.gov/irb/2026-29_irb?utm_source=chatgpt.com -2026-11

06/30/2026

💡 Tax Tip Tuesday

The end of June marks the end of the 2nd quarter, making it the perfect time to review your finances before the year gets away from you.

✅ Reconcile your bank accounts
✅ Review your profit & loss statement
✅ Make sure you've collected W-9s from new contractors
✅ Set aside funds for upcoming tax payments if you're self-employed

A quick mid-year check-in now can save you time, money, and stress later.

Need help getting your books back on track? Contact us today!

06/17/2026

Mid-year checklist for business owners:

☑️ Hired a contractor
☑️ Paid a contractor
⬜ Collected their W-9
⬜ Contact Miller Verchota, Inc.

If that third box isn't checked yet, now is the time. Don't wait until January when you're preparing 1099s and tracking down contractor information.

And if you're unsure which contractors need a W-9, what records to keep, or how 1099 reporting works, checking that fourth box might save you a headache later. 😉

06/01/2026

Happy June 1st!

Fun tax fact: We're now closer to next tax season than we are to last tax season. 😅

Before you panic, take a deep breath. June is actually the perfect time to:
✅ Catch up on bookkeeping
✅ Review your business finances
✅ Start tax planning before year-end

A little attention now can save a lot of stress later.

Your future self called—they'd really appreciate it.