Denver Metro Accounting and Business Planning Services

Your personal and business finances are more than just numbers. They represent an immense amount of your time, energy and discipline.

With our various services, you will see a clear picture of your finances and what you can do to improve your financial position. Our experience with individuals and businesses has helped us take an individualized approach for our clients to succeed in their financial goals.

About Mihoda & Company

Mihoda is a well-established CPA firm specializing in personalized service. We strive to acquire extensive knowledge of each client's entire financial situation—investments, retirement, and much more. Though we are located in metro Denver, we work with many companies outside of Colorado.

Our in-depth knowledge allows us to assist you in adopting the best accounting procedures and methods for your particular operations. We can also anticipate and solve potential problems before they materialize.


Tax Tip

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November 30, 2011

Home Office

Tax considerations for telecommuting employees
The ranks of employees who telecommute full- or part-time out of their homes, instead of going into the office each day, have swelled for a variety of reasons. Telecommuting can cut costs if office space is short, or help employees balance their personal and professional lives. And in the wake of the 9/11/01 attacks, telecommuting can figure into corporate contingency planning: having some key operations employees work off-site on a regular basis makes the enterprise less vulnerable to potential disruptions.

February 01, 2011

Various IRA's

Overview of various types of IRAs available
At one time, there was relatively little confusion about IRAs because there was only one type available. Now, however, IRAs have proliferated—there's the “traditional” IRA, which may be funded with deductible and/or nondeductible contributions, Roth IRA, SEP-IRA, and SIMPLE IRA. Some of these IRAs have similar features, but others have features that are unique.
What do all these IRAs have in common? They can help you and your family save significant amounts for retirement on a tax-favored basis. Here's an overview of the different types of IRAs available today.

February 01, 2011

Incentive Stock Options

Incentive stock options (ISOs)
You may wonder about the tax consequences to you of your company's offer to grant you an incentive stock option (ISO) on its stock. Let’s say the ISO gives you the right to buy 1,000 shares of the company's stock at its fair market value (FMV) at the time of the ISO's grant, which is expected to be about $100 per share, for a five-year period following the grant (it could be a 10-year period if you owned less than 10% of the company's stock).
The grant of the ISO to you won't be taxable. If you later exercise the ISO, you won't be subject to regular income tax as a result of the exercise. For example, if the market value of the stock goes to $150 per share and you exercise the option and buy the 1,000 shares with a market value of $150,000 for the $100,000 option price, you won't owe any regular income tax on your $50,000 bargain purchase. However, you may be subject to the alternative minimum tax (AMT), as discussed below

December 28, 2010
  • Singapore's High Compliance Level Sustains Tax Collections In its 2013/14 Annual Report, the Inland Revenue Authority of Singapore disclosed that its efforts to achieve a high level of voluntary compliance continued to pay off, as on-time filing rates improved across all tax types and tax arrears continued to decline.
  • RCEP Meeting Confirms End-2015 Completion Target The second meeting of Economic Ministers from the participating countries in the proposed Regional Comprehensive Economic Partnership, between the Association of Southeast Asian Nations and its free trade agreement partners andndash; China, South Korea, India, Japan, Australia and New Zealand andndash; was held in Myanmar on August 27.
  • Saudi Arabia Joins MAT Convention On August 25, 2014, Prince Muqrin bin Abdulaziz, Deputy Crown Prince of Saudi Arabia, approved the Kingdom of Saudi Arabia's accession to the Organization for Economic Cooperation and Development's Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
  • Swiss Federal Council Rejects 'Basic Income' Proposals The Swiss Federal Council has rejected proposals for an "unconditional basic income" and warned that taxes would have to be dramatically increased to fund any such measure.
  • NZ Welcomes Changes To ASEAN-Australia-New Zealand FTA New Zealand's trade minister, Tim Groser, has welcomed the signing of a Protocol to amend the Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA).
  • Newmont To Resume Indonesian Operations After Tax Deal Newmont Mining has agreed to enter into negotiations with the Indonesian Government and resume copper concentrate production, following the latter's publication of a new regulation confirming its offer of concessionary export duty rates to companies that agree to invest in smelting facilities in the country.
  • New French Economy Minister Appointed After Austerity Row France's new Economy Minister, Emmanuel Macron, has conceded that tax increases between 2010 and 2013 were "too much," after his predecessor's objections to continuing austerity triggered a cabinet reshuffle earlier this week.
  • CBO Reduces US Corporate Tax Revenue Forecast In its latest estimates, the Congressional Budget Office has maintained its forecast for a reduced United States federal budget deficit this year, but has had to increase it from the forecast made in April, mostly because of lower-than-anticipated receipts from corporate income taxes.